OMG Network Live Price Heading Toward Critical Resistance Zone

The technical chart of OMG Network highlights the significant retracement faced by the price levels after touching the critical resistance area of $5.00. The price levels went straight down to the critical support area of $2.50 resulting in almost 50% retracement. The support level did provide a positive bounce back to the support levels and during the current market session, the price levels looked to have a positive crossover above the resistance line placed at 0.618fib level.

The Relative Strength Index (RSI) is constantly retesting the overbought region while sustaining at the bullish level of 60.77.

The Moving Average Convergence & Divergence (MACD) looked vulnerable for a bearish crossover after gaining significant bullish levels above the signal line.

The Directional Movement Index (DMI) is showcasing bullish nature as ADX had a positive crossover against +DI.

Resistance Level: $4.00 & $4.90

Support Level: $2.90