Osmosis is Predicted to Drop to $1.84 By Dec 31, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Osmosis is up 24.38% today against the US Dollar
• OSMO/BTC increased by 23.69% today
• OSMO/ETH increased by 25.43% today
• Osmosis is currently trading 3.62% above our prediction on Dec 31, 2023
• Osmosis gained 185.72% in the last month and is up 155.83% since 1 year ago

OSMO price is expected to drop by -8.77% in the next 5 days according to our Osmosis price prediction

Osmosis price today is trading at $ 1.91 after gaining 24.38% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 23.09% in the same time period. OSMO performed well against BTC today and recorded a 23.69% gain against the world’s largest cryptocurrency.

According to our Osmosis price prediction, OSMO is expected to reach a price of $ 1.84 by Dec 31, 2023. This would represent a -8.77% price decrease for OSMO in the next 5 days.

OSMO Price Prediction Chart

Buy/Sell Osmosis

What has been going on with Osmosis in the last 30 days

Osmosis has been displaying a positive trend recently, as the coin gained 185.72% in the last 30-days. The medium-term trend for Osmosis has been bullish, with OSMO increasing by 505.38% in the last 3 months. The long-term picture for Osmosis has been positive, as OSMO is currently displaying a 155.83% 1-year price change. On this day last year, OSMO was trading at $ 0.745932.

Osmosis reached its all-time high price on Mar 04, 2022, when the price of OSMO peaked at $ 11.18. The current OSMO cycle high is $ 2.14, while the cycle low is at $ 0.224557. OSMO has been displaying high volatility recently – the 1-month volatility of the coin is at 33.47. Osmosis recorded 24 green days in the last 30 days.

Osmosis technical analysis for today – Dec 26, 2023

The sentiment in the Osmosis markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 1.52, $ 1.49 and $ 1.46, while $ 1.58, $ 1.61 and $ 1.64 are the key resistance levels.

Bullish sentiment for Osmosis

28 indicators are currently signaling a bullish prediction for Osmosis, while 3 indicators are showing a bearish forecast. With 90% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Osmosis.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 71 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Osmosis moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Osmosis is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Osmosis is at 72.53, suggesting that OSMO is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Osmosis over the last 50 days. Currently, Osmosis is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the OSMO closing price for the last 200 days. OSMO is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Osmosis prediction

After considering the above factors, we can conclude that the current forecast for Osmosis price prediction is Bullish. OSMO would have to decrease by -8.77% to hit our $ 1.84 target within the next five days. Moving forward, it will be important to monitor the OSMO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Osmosis price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.