OMG has been trading along an uptrending support line since July 20, which allowed it to eventually mark a high of $11.44 on September 21.
? However, the token bounced off the 0.618 Fibo retracement level and has been declining ever since.
? Despite the current weakening, the uptrend support line remains unbroken. In addition, we note signals of a hidden bullish divergence on the RSI. Usually this is a strong signal of trend continuation.
? Accordingly, we can assume that OMG will make another attempt to break above the Fibo level of 0.618 correction.