Osmosis crypto has seen an minor increase
The price of Osmosis experienced a positive or upward trend in the market, between October 20th, 2023 and January 4th, 2024. Consequently, the price value of Osmosis saw a significant increase from $0.2100 to $1.9600, as per the daily chart.
OSMO has been performing well in the last six months, with a gain of 293.15%. However, in the past week and month, the price violated the uptrend from the supply level of $1.9600. As a result, the weekly and monthly charts showed a decline of -31.31% and -33.14%, respectively.
However, the Osmosis crypto has signified a sign of possible turnaround rally coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $0.8475.
The OSMO crypto may probably experience a significant increase once again. That's because its price had previously soared from nearby to this level of support, which will push the asset to higher levels from its current supporting range.
The Osmosis crypto asset is displaying bullish behavior as the MACD histogram is not growing, which seems stagnant at -0.0354 in the last couple of sessions, and confirms the sustenance activity. Similarly, the RSI is at 24.53, which highlights that it can extend its gains as it has been in extremely oversold territory from the last couple of sessions.
Meanwhile, The OSMO asset indicates that its bullish strength is coming back, and the probability of its price to rise is visible on the daily chart. If buyers come into the market, the price of Osmosis could potentially surpass the important 20-day and 50-day EMA's from a lower position.
Osmosis crypto has seen an increase of 0.43% in the past 24 hours and is being traded at $0.9190 at this moment of writing.
Therefore, if the demand for the Osmosis price (OSMO) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $1.20 and $1.40.
Another possibility would be, if the price value of OSMO crypto fails to stay above $0.8475, it could also see a further decrease.
OSMO has been performing well in the last six months, with a gain of 293.15%. However, in the past week and month, the price violated the uptrend from the supply level of $1.9600. As a result, the weekly and monthly charts showed a decline of -31.31% and -33.14%, respectively.
However, the Osmosis crypto has signified a sign of possible turnaround rally coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $0.8475.
The OSMO crypto may probably experience a significant increase once again. That's because its price had previously soared from nearby to this level of support, which will push the asset to higher levels from its current supporting range.
The Osmosis crypto asset is displaying bullish behavior as the MACD histogram is not growing, which seems stagnant at -0.0354 in the last couple of sessions, and confirms the sustenance activity. Similarly, the RSI is at 24.53, which highlights that it can extend its gains as it has been in extremely oversold territory from the last couple of sessions.
Meanwhile, The OSMO asset indicates that its bullish strength is coming back, and the probability of its price to rise is visible on the daily chart. If buyers come into the market, the price of Osmosis could potentially surpass the important 20-day and 50-day EMA's from a lower position.
Osmosis crypto has seen an increase of 0.43% in the past 24 hours and is being traded at $0.9190 at this moment of writing.
Therefore, if the demand for the Osmosis price (OSMO) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $1.20 and $1.40.
Another possibility would be, if the price value of OSMO crypto fails to stay above $0.8475, it could also see a further decrease.
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