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- 1 OSMO coin price signifies a range breakdown and has slipped to the 200 day EMA mark.
- 2 Bears have showcased their strength and are pushing the token toward the $1 mark.
Osmosis (OSMO) price chart displays retracement and a range breakdown in the last few sessions. The Osmosis coin has slipped to its make or break region of 200 day EMA and may retest the round mark of $1 soon. Moreover, the price action signifies a low volume and the sellers have persisted in adding short positions and are continuing to showcase their dominance for the past sessions.
At press time, the Osmosis coin (OSMO) price was trading at $1.26 with an intraday drop of 0.37%, reflecting neutrality on the charts. It has a monthly return ratio of -17.89% and 58.90% on a yearly basis. The pair of OSMO/BTC is at 0.0000190 BTC, and the market cap is $802.70 Million. Analysts are neutral and suggest that the OSMO coin price may deliver a volatile move and will retest the $1 mark soon.
OSMO Price to Volume Profile On Daily Chart
The above data showcased the price to volume profile of the OSMO coin, indicating the decline in the past sessions. The trend is favoring the downside and the coin has persisted in delivering the lower low swings and there is no significant buying activity witnessed for the past weeks. The intraday trading volume remained below average, noted around $13.71 Million.
Price Volatility and Sentiment Analysis
The price volatility data signifies a sharp spike of over 85% to 0.023, and suggests more volatility will be seen ahead. However, the total weighted sentiment value remained in the positive region at around 0.249.
Social Dominance and Twitter Followers Outlook
Following the price decline, the social dominance value noted a decline and dragged over 27% to 0.053%, signifying a decrease in the media discussions and reports on the social platforms. Similarly, the X followers data dropped over 325% to 240, displaying a negative outlook.
Development Activity and Whales Activity Overview
Amidst the price decline, the development activity noted a surge of over 15% and reached 192 this week. Similarly, the percent of stablecoin total supply held by whales activity showed a consistent rise to 56.923.
Per the Fib levels, the OSMO price has slipped to the 23.6% zone and is trading in the bearish region near to the support zone of $1.20.The RSI curve stayed in the oversold region and reflecting a negative divergence on the charts.
The total supply of the OSMO coin is 325 million, whereas the volume-to-market cap ratio is 0.0171, whereas it stands at 121 per the market cap in the global crypto market.
Summary
The Osmosis coin price has slipped to the 200-day EMA zone and noted a range breakout on the charts.The coin may continue to drain gains and may retest the round mark of $1 shortly. Additionally, the trend is bearish and follow on selling pressure may be seen ahead.
Technical Levels
Support Levels: $1.0 and $0.8500
Resistance Levels: $1.35 and $1.50
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
