Osmosis Price Analysis: Will OSMO Fall More From Current Levels?

• The price of OSMO is trading at $0.502.
• The OSMO price increased by 1.19% in the last 24 hours.
• The OSMO year-to-date return is -26.18%.

Weekly Trend Analyzation

This week the trend was bullish as the price was up by 3.24%. By trend and price information history, we can say that OSMO performed well this week. 

Monthly Trend Analyzation

This month the trend was bearish as the price was down by 13.01%. By trend and price information history, we can say that OSMO underperformed this month. 

All-Time History Analyzation

The coin’s value plummeted by more than 90% in all-time history, giving low returns to the investors’ money. 

Chart Analyzation In 1-D Timeframe

Source:  OSMO /USD.1D.CRYPTO by TradingView

Trendline Analyzation

As per the trendline, it seems it is respecting multiple support and resistances very well. As observed on the chart, the OSMO price gave a breakout recently from the trendline but dominance is high by bears, it seems like the breakout will fail and the price might fall back to the nearest support level. This appears to be bearish. So, the price of OSMO can reach $0.408 soon which is the nearest major support, and try to break the current support.

MACD

When the MACD line is below zero line and the indicator gives a bullish crossover (the MACD line crosses above the signal line), it shows that the short-term momentum is stronger which is a bullish sign. In the overall trend, it is an indication that the moving average is below the long-term moving average, and therefore the trend is downward. Also, both are on the negative side and below the zero line. Hence, MACD is giving bearish views on the coin.

EMA 

The sellers are stronger than the buyers which shows that the price is not able to reach above resistance levels as resistance is high by the bears. As observed on the chart, the price is below 50 & 200 EMA. To change the direction, the price has to go sustain above the 50 & 200 EMA. Hence, it can be suggested that the price might fall soon. Since, it is below the 50 & 200 EMA (exponential moving average), which is supporting the trend downwards. Investors’ sentiments regarding coins are negative and are on the bearish side.

RSI

As we can see in the chart, the RSI line is in a bearish zone i.e., the line trading below the median line. Since the 14 SMA line and RSI line are below the median zone, the market is bearish. The daily time frame chart suggests that the OSMO coin is currently headed toward an oversold zone and fall soon.

Bollinger Band

In the Bollinger Band indicator, the OSMO coin stock price is trading at the upper band. After taking support from the 20-day Simple Moving Average (SMA) of the Bollinger Bands, it is indicating an upward move.

Volume Analyzation

The amount of OSMO traded in a day is $4,522,080. It fell by 10.99% since the last day. Therefore, it cannot push the price up, due to the lack of considerable volume present in the market. 

Conclusion

Currently, the technical parameters for the OSMO coin indicate bearish pressure. The views of traders and investors are bearish. If the price continues to move under the seller’s control, it is expected to fall more from the current levels. The sentiments of investors and traders are bearish regarding the price of the coin in the 1D timeframe.

Technical Levels:

• The Nearest Support level is $0.408.
• The Nearest Resistance level is $0.628.
  

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.