In this Osmosis technical analysis, we will examine the current price action, trading volume, key levels and indicators for OSMO-USDT. Osmosis (OSMO) is a decentralized platform that utilizes blockchain technology to provide a secure and transparent ecosystem for various industries such as supply chain management, voting systems, and digital identity verification. The OSMO token serves as the primary mechanism for accessing and interacting with the Osmosis network, enabling users to participate in the governance of the platform and benefit from its growth. With its innovative approach to decentralized governance, Osmosis has the potential to revolutionize the way we think about trustless systems and their applications in various industries.
Osmosis Price Overview:
As of October 02, 2023, Osmosis is trading at approximately 0.308 USDT. Let’s dive into the detailed price action for OSMO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.32 |
| High (H) | 0.321 |
| Low (L) | 0.307 |
| Close (C) | 0.308 |
| Volume (C) | 2,389,943.77 |
- Open (O): The opening price for today’s trading session was approximately 0.32 USDT.
- High (H): Osmosis reached a daily high of around 0.321 USDT.
- Low (L): The daily low for OSMO-USDT was approximately 0.307 USDT.
- Close (C): At the time of analysis, Osmosis is trading near its daily close of 0.308 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.75% |
| 3D Change (%) | -0.96% |
| 7D Change (%) | -3.14% |
| 30D Change (%) | -13.73% |
| 90D Change (%) | -38.77% |
| YTD Change (%) | -54.90% |
Over the past three days, OSMOUSDT has fallen by approximately -0.96%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.14%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OSMOUSDT maintaining a downward trend of approximately -13.73%, despite intermittent fluctuations. Examining the last 90 days, OSMOUSDT has witnessed substantial decline of approximately -38.77%, reflecting strong long-term confidence. Year-to-date, OSMOUSDT has steadily dropped by around -54.90%, 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-USDT 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 0.32589.
- Momentum score is -0.13725.
OSMO USDT Technical Analysis
Osmosis Trading Volume:
The trading volume for Osmosis (OSMO) over the past 24 hours has been significant, with approximately 2,389,943.77 USDT 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-USDT is currently in the low zone, around 32.03773. This suggests that Osmosis is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Osmosis (OSMO-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
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.
