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Price Analysis

Bitcoin Gold(BTG), QTUM and OMG Price Analysis: Markets Volatile

The crypto markets have been creating records. The global market capitalization of cryptocurrencies excluding Bitcoin has hit $850 Billion. 

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This combined bull market has had contributions from many Altcoins, such as Bitcoin Gold(BTG), QTUM, and OMG. This article provides the price analysis of the aforementioned Altcoins.

Bitcoin Gold (BTG) Price Analysis

Bitcoin Gold is an altcoin, a fork of BTG, whose price has recently skyrocketed. BTG is trading at $100 after a 14.82% jump. The jump has also dropped by 48.46% totalling $370 million. The Market capitalization of BTG is $1.73 Billion as per the Current trading price. 

The resistance at $96.5 and $108 is going to hold the currency back. However, the support prices are not far from LTP, at $78 and $68. The RSI indicates bullish momentum at 60. MACD is extremely Bullish. 

The token is volatile but is bullish, which, if sustained, could be a huge uptrend. Bollinger bands are having wideband differences, but there can still be time for consolidation before any major move.

Support: $78 and $68

Resistance: $96 and $108

RSI: 57

MACD: Bullish

QTUM Price Analysis

QTUM has seen a major jump and hit $17.91. BTG is trading at $15.74 after a 13.60% jump. The jump has also attracted volumes, which raised by 144.65% totalling $3.7 Billion. The Market capitalization of QTUM is $1.55 Billion as per the Current trading price. 

The resistance at $16.74 and $17.91 is going to hold the currency back. However, the support prices are at $14.33 and $13.8. The RSI indicates bullish momentum at 60. MACD is extremely Bullish. 

The token is volatile but is bullish, which, if sustained, could be a huge uptrend. Bollinger bands are having wideband differences, but there can still be time for consolidation before any major move.

Support: $14.33 and $13.8

Resistance: $16.74 and $17.91

RSI: 52

MACD: Bullish

OMG Price Analysis

The OMG prices broke out of the consolidation and finally hit a yearly high of $11.25, on April 7, 2021. Decent transaction volumes worth $2,486,773,451 have taken place in the last 24-hours, according to CoinMarketCap. This volume is 265.91% more than that of the previous trading session. XRP’s market cap stood at $1.37 Billion after increasing by 12.35% in the last 24 hours.

OMG has held its prices above the trend line, consolidating over $9 levels. 30 Minutes candle chart trendline shows the currency still in bullish momentum. A single trading session with a good buying spree could elevate the XRP.

The Bollinger band supports the reasoning by narrow difference at the neck. Even the EMA, MACD indicates bullish momentum. 

The Bollinger Bands indicate price alignment with the upper Bollinger band and even crossed it, strengthening the possibility of another breakout targeting $12 shortly.

The RSI levels are at 50. Although the RSI indicator is calculated for 14 days generally, sufficient volumes are being held by investors. Any positive news could attract investors towards OMG.

Looking at the charts, OMG has sustained well above. The indicators suggest that the targets could be set to 1.5.

Resistance levels: $11

Support Levels: $9, $8.5

MACD: Bullish

RSI(14): 50

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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