OmiseGo (OMG) price surges by 9.2% as trading volume doubles

The price of OmiseGo has been pumping hard over the past 24 hours, spiking by over 9% thanks to a volume spike Ethereum-based crypto asset, OmiseGo, is outperforming most major altcoins as it gains more than 9.5% on the day. As can be seen on the MACD charts, the upside could be helped by the cryptocurrency’s low circulating supply, with demand for the token increasing net volume and aiding price action.

Yesterday, OmiseGo saw volumes worth $13 million traded, but as of writing, that has doubled to $26.2 million worth of trades in the past 24-hour period. If the sellers retake control to see the token continue on a downtrend that started in May 2018, the next major support zone is $1.35.

Timeline of Omisego