OSMO BTC Osmosis Technical Analysis

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By Frans van Elst

Osmosis logo In this Osmosis technical analysis, we will examine the current price action, trading volume, key levels and indicators for OSMO-BTC. Osmosis (OSMO) is a decentralized exchange (DEX) built on the Cosmos-SDK blockchain framework. It enables users to trade assets across different blockchains without the need for intermediaries or order books, offering faster and more secure transactions. With Osmosis, users can enjoy greater flexibility and control over their trading experiences while benefiting from the security and transparency of decentralized technology.

Osmosis Price Overview:

As of May 20, 2024, Osmosis is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for OSMO-BTC:

Acknowledge bearish outlook for Osmosis (OSMOBTC) at 1.25e-05 BTC with technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 17,082.07
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Osmosis reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for OSMO-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Osmosis is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -0.63%
3D Change (%) -3.98%
7D Change (%) -2.72%
30D Change (%) -16.47%
90D Change (%) -59.25%
YTD Change (%) -65.08%

Over the past three days, OSMOBTC has declined by approximately -3.98%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -2.72%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OSMOBTC maintaining a downward trend of approximately -16.47%, despite intermittent fluctuations. Examining the last 90 days, OSMOBTC has witnessed substantial decrease of approximately -59.25%, reflecting strong long-term confidence. Year-to-date, OSMOBTC has steadily depreciated by around -65.08%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Osmosis Live Chart:

You can access a live price chart for OSMO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.35909.
  • Momentum score is -0.10564.

OSMO BTC Technical Analysis

Osmosis Trading Volume:

The trading volume for Osmosis (OSMO) over the past 24 hours has been insignificant, with approximately 17,082.07 BTC traded against OSMO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): OSMO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Osmosis is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for OSMO-BTC is currently in the low zone, around 30.93093. This suggests that Osmosis is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Osmosis (OSMO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Acknowledge bearish outlook for Osmosis (OSMOBTC) at 1.25e-05 BTC with technical analysis, emphasizing weakened support and cautionary indicators.

Missing our detailed breakdown on OSMO USDT Osmosis Technical Analysis would be a lost opportunity if you found value in this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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