OSMO USDT 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-USDT. Osmosis (OSMO) is a decentralized exchange (DEX) built on the Cosmos-Binance Smart Chain that enables users to trade assets across multiple blockchains. OSMO utilizes a novel liquidity pool model, allowing for more efficient and secure trading experiences. With its innovative features and interoperability capabilities, Osmosis is poised to revolutionize the decentralized finance (DeFi) landscape.

Osmosis Price Overview:

As of May 13, 2024, Osmosis is trading at approximately 0.8118 USDT. Let’s dive into the detailed price action for OSMO-USDT:

Explore potential downturns for Osmosis (OSMOUSDT) at 8.12e-01 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Metric Value
Open (O) 0.8267
High (H) 0.8309
Low (L) 0.7985
Close (C) 0.8118
Volume (C) 1,776,490.92
  • Open (O): The opening price for today’s trading session was approximately 0.8267 USDT.
  • High (H): Osmosis reached a daily high of around 0.8309 USDT.
  • Low (L): The daily low for OSMO-USDT was approximately 0.7985 USDT.
  • Close (C): At the time of analysis, Osmosis is trading near its daily close of 0.8118 USDT.
Metric Value
1D Change (%) -1.80%
3D Change (%) -2.59%
7D Change (%) -10.14%
30D Change (%) -13.34%
90D Change (%) -50.48%
YTD Change (%) -46.38%

Over the past three days, OSMOUSDT has declined by approximately -2.59%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -10.14%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OSMOUSDT maintaining a downward trend of approximately -13.34%, despite intermittent fluctuations. Examining the last 90 days, OSMOUSDT has witnessed substantial decline of approximately -50.48%, reflecting strong long-term confidence. Year-to-date, OSMOUSDT has steadily decreased by around -46.38%, 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 0.41932.
  • Momentum score is -0.1718.

OSMO USDT Technical Analysis

Osmosis Trading Volume:

The trading volume for Osmosis (OSMO) over the past 24 hours has been significant, with approximately 1,776,490.92 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 35.07266. 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.

Explore potential downturns for Osmosis (OSMOUSDT) at 8.12e-01 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Explore more with our thorough insights on OSMO BTC Osmosis Technical Analysis — an essential read if you enjoyed the content of 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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