- Osmosis crypto has shown only 12 green days in the last 30 days.
- OSMO price has outperformed by 56% of the top 100 cryptocurrencies in the last 1 year.
Osmosis is a cross-chain DeFi hub offering premier decentralized applications (dApps) integrated with AMMs and IBC routing. Founded by Sunny Aggarwal and Dev Ojha, Osmosis utilizes its native token, $OSMO, for governance. Token holders shape protocol upgrades, allocate rewards, and influence swap fees, enhancing Osmosis’s decentralized ecosystem.
Osmosis crypto has a market cap of $808.415M which has declined by 2.1% in the last 24 hours. The market cap ranking of the crypto is 110th as per CoinMarketCap. The value of the traded volume for the crypto over the last 24 hours is $33.544M.
The value of the traded volume for the crypto is just 4.16% of the market cap of the crypto. Also, the circulating supply of the crypto is 651.267M OSMO which is 65% of the maximum supply of the crypto.
The market cap dominance of the Osmosis crypto is 0.01% and the volatility of the crypto is very high resulting in 10.44%. The sentiment of the crypto is also bullish while the fear and greed index of the crypto is at 70 showing greed.
The derivatives trading volume for the Osmosis has further witnessed a slight decline of 1.17% in the last 24 hours followed by a traded value of $1.37M. The open interest of the crypto is also flat witnessing no significant change.
Osmosis has a total supply of 998.281M OSMO and the maximum supply of the crypto is 1.0B OSMO. This further results in a fully diluted market cap of $1.247B.
Osmosis Crypto Blockchain Data Overview
The total value locked for the crypto has been static over the last few days after an advance followed by the rise in the market cap of the token. Despite this, the stablecoin market cap of the crypto has advanced to certain highs witnessing a huge surge.
The total value locked for the crypto is $221.19M as per DefiLlama and the stablecoins market cap of the crypto is $32.94K. Also, the recorded fees for the crypto over the last 24 hours is $32.9K.
Price Volatility Vs Weighted Sentiment
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The price of the crypto is relatively low and has declined in the last few days. The weighted sentiment of the crypto is also static showing no significant change over the last few weeks.
OSMO Crypto Technical Analysis
The OSMO crypto trading price has declined below a crucial support level which results in a change of character to bearish and confirms a downtrend in the crypto price.
Further after the price breakdown, the price of the crypto retraced to the breakdown level and is now continuing the decline in the price of the crypto.
OSMO/USD Chart by AMANDA_TMP TradingView.com
The 20-day and the 50-day EMAs on the daily chart of the OSMO crypto has formed a bearish cross and the price of the crypto has further declined below the following EMAs.
The 50-day and the 200-day EMAs together are trading in a golden cross and the price of the crypto is sustaining at the 200-day EMA. If the price of the crypto further breaks below the 200-day EMA, a further decline in the crypto price might be seen.
The MACD indicator further gives a sell signal on the chart as the MACD and the signal line have declined below the zero level and are forming a fresh death cross by the following metrics.
The RSI further follows a bearish cycle on the daily timeframe chart of the OSMO crypto. The RSI has further declined below the 14-day SMA and the 50-level. It is currently trading at a level of 35.9.
Summary
The Osmosis (OSMO) crypto price has confirmed a downtrend, breaching crucial support levels. Despite its high volatility and bullish sentiment, technical indicators signal a bearish outlook.
With declining trading prices and EMAs forming bearish crosses, further downside is anticipated, presenting a bearish sentiment for Osmosis in the near term.
Technical Levels:
- Support levels: $0.5800 and $0.9800
- Resistance levels: $1.7900 and $1.9700
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.