Osmosis

Bitcoin

Million

Spot

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Osmosis price is currently trading at $0.468 while witnessing a loss of -0.64% during the intraday session.</a> </li> 
 <li> <span>2</span> <a>OSMO price trades below 20,50,100 and 200-day EMAs.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Osmosis is -31.33%.</a> </li> 
</ul> 
<p>OSMO price has been in a strong downtrend since the formation of the annual high at $1.259, dropping nearly about 62%. The cryptocurrency price has declined significantly after the break of yearly lows.&nbsp;</p> 
<p>The announcement by BlackRock, an investment banking firm, regarding Bitcoin Spot ETF which turned the whole crypto market bullish, helped Osmo price in gaining stability.&nbsp;</p> 
<p>Osmosis price formed support at $0.45 and commenced its bullish journey which helped the price in rising above $0.50. The news regarding XRP vs the Securities and Exchange Commission (SEC) also fueled the bullish rally and the price surged to form a high of $0.679 on July 14, 2023. The price faced strong rejection from the high and closed below the $0.56 level.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/9nuiFZHtarDcoqr38zB6AbWybPjEcCQSSTTv1FXu_iYWyy5DJrTg9dNKb_15_1QSpAmIBUkOtnr6hH308Pm-5npAnmIdm7KLLAyqAWBCqLBF6SaEseKTsUW16jUe-LYptCnIg4wWfoFmT0k8G2qO-A" alt="Osmosis Price Prediction: OSMO Price Drops As Well As The TVL"> 
  <figcaption class="wp-element-caption">
    Source: OSMO/USDT By <a href="https://www.tradingview.com/x/fum7eK9c/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The move was halted and the trend was shifted to bearish. Recently, the OSMO price has broken below the support level of $0.48. Bears did not find the price justifiable above $0.50 and entered into the market to push below it.&nbsp;</p> 
<p>The previous candle has been successful in closing below $0.48 and the current candle has broken the low. The current candle seems to have less bearish volume and has not shown any major moves. If bearish momentum hits the market, the price might melt to the $0.45 level causing a loss of roughly 3.37%.&nbsp;</p> 
<p>On the other hand, if bulls take control and push the price above the $0.48 level, it might rise above $0.50 and retest the resistance level of $0.56.</p> 
<h2 class="wp-block-heading" id="strong-osmosis-fundamentals-strong"><strong>Osmosis Fundamentals&nbsp;</strong></h2> 
<p>The daily active addresses of <a href="https://www.thecoinrepublic.com/2022/12/18/osmosis-price-prediction-buyers-lost-key-hedge-level-whats-next-for-osmo/" target="_blank" rel="noopener noreferrer nofollow">Osmosis</a> have declined by 40% to 8550 in the past 90 days. The DAA peaked on May 7th reaching, 36,910 since then there has been a strong drop. The daily transaction has also dropped 8.1% to 83,609 in the last 90 days.&nbsp;</p> 
<p>The total value locked also fell by 29.8% to $114.3 in the last 90 days. TVL reached $166.15 Million on May 3rd after which it has been declining, indicating an outflow of capital and a decrease in the trust of the users.</p> 
<h2 class="wp-block-heading" id="strong-will-osmo-price-fall-to-0-45-strong"><strong>Will OSMO Price Fall To $0.45?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/GlgJEd8l31Dqx93ogTtl1O2ZlmNc1XMY56qVHYL684TzKFxSbXcG-v-caqxJFFu2WCATEyXMt9v5bi7IUiLHS4NabjoKTVVpSH0Ypm74aurV9xyi2_LEeGFOvchTBct7VmsgU0KsaCXt48DJWEFz4Q" alt="Osmosis Price Prediction: OSMO Price Drops As Well As The TVL"> 
  <figcaption class="wp-element-caption">
    Source: OSMO/USDT By <a href="https://www.tradingview.com/x/D0L1sPaD/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2022/12/18/osmosis-price-prediction-buyers-lost-key-hedge-level-whats-next-for-osmo/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency price</a> trades below 20,50,100 and 200-day exponential moving averages (EMAs), indicating bearish momentum. Chaikin money flow score has dropped to -0.41 suggesting strong weakness in the market.&nbsp;</p> 
<p>The relative strength index is 33.75 nearing the oversold zone indicating strong bearish momentum in the price. OSMO price has reached near the lower band of Bollinger and has not shown any signs of a short-term pullback.</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Technical parameters suggest that OSMO price is in strong bearish momentum and might drop to the $0.45 level in the upcoming days.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Major support: $0.45 and $0.40</li> 
 <li>Major resistance: $0.56 and $0.68</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Osmosis Price Prediction: OSMO Price Drops As Well As The TVL

Tabla de contenidos

Thecoinrepublic.com

Otros artículos publicados el 3 ago 2023

Liechtenstein Admits to $4.5 Billion in Crypto Theft and Money Laundering!

Will MercadoLibre Stock (NASDAQ: MELI) Rebound From 200-Day EMA?

KuCoin Halts Bitcoin and Litecoin Mining Pools Amidst Strategic Shift

Shiba Inu whale activity plummets despite uptick in burn rate

Shibarium Breaks Above This Major Threshold, Expanding Utility

Elizabeth Warren and Bernie Sanders Urge a Crackdown on Crypto Tax Evaders!

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!