- Bullish OSMO price prediction for 2023 is $0.870 to $1.010.
- Osmosis (OSMO) price might reach $5 soon.
- Bearish OSMO price prediction for 2023 is $0.677.
In Osmosis (OSMO) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about OSMO to analyze the future movement of the cryptocurrency.
Osmosis (OSMO) Current Market Status
| Current Price | $0.7895 |
| 24 – Hour Trading Volume | $13,968,945 |
| 24 – Hour Price Change | 1.68% down |
| Circulating Supply | 492,590,761 |
| All – Time High | $11.21 (On March 04, 2022) |
What is Osmosis (OSMO)?
OSMO is the native token of the Osmosis Protocol. Osmosis is a protocol for automated market makers (AMMs) that enables programmers to design custom AMMs with sovereign liquidity pools. It was launched in June 2021.
OSMO is the staking token used by validators and delegators to verify transactions and generate new blocks at the consensus level. These contributors are rewarded with inflation for donating resources to the network. OSMO token holders can engage in on-chain governance by creating and voting on governance proposals. Such as assigning liquidity mining rewards to liquidity pools or determining the basic network swap charge.
Osmosis (OSMO) Price Prediction 2023
Osmosis (OSMO) ranks 100th on CoinMarketCap in terms of its market capitalization. The overview of the Osmosis price prediction for 2023 is explained below with a daily time frame.
OSMO/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Osmosis (OSMO) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Osmosis (OSMO) was recorded at $0.7895. If the pattern trend continues, then the price of OSMO might reach the resistance levels of $0.884, $0.963 and $1.095. If the trend reverses, then the price of OSMO may fall to the support of $0.787, & $723.
Osmosis (OSMO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Osmosis (OSMO) in 2023.
OSMO/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and OSMOentify the following as the resistance and support levels of Osmosis (OSMO) for 2023.
| Resistance Level 1 | $0.870 |
| Resistance Level 2 | $1.010 |
| Resistance Level 3 | $0.756 |
| Support Level | $0.677 |
The charts show that OSMO has performed a bullish trend over the past month. If this trend continues, OSMO might run along with the bulls overtaking its resistance level at $1.010.
Accordingly, if the investors turn against the crypto, the price of the OSMO might plummet to almost $0.677, a bearish signal.
Osmosis (OSMO) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Osmosis (OSMO) are shown in the chart below.
OSMO/USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in OSMOentifying unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of Osmosis (OSMO) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the OSMO price lies below 50 MA (short-term), indicating its downtrend. Hence, OSMO is in a bearish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of OSMO is at 51.23. Therefore, this indicates OSMO is nearly in an oversold state. Also, this confirms that OSMO sends out a buy signal.
Osmosis (OSMO) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Osmosis (OSMO) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
OSMO/USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of OSMO lies in the range of 15.881 pointing out a strong trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of OSMO lies above 50, indicating high volatility.
Comparison of OSMO with BTC, ETH
Let us now compare the price movements of Osmosis (OSMO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs OSMO Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of OSMO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of OSMO also increases or decreases respectively.
Osmosis (OSMO) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Osmosis (OSMO) between 2024 and 2030.
Osmosis (OSMO) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then Osmosis (OSMO) might successfully test and surpass its resistance levels to hit $6.9 by 2024.
Osmosis (OSMO) Price Prediction 2025
The significant upgrades in the Osmosis ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Osmosis (OSMO) price to reach $7.5 by 2025.
Osmosis (OSMO) Price Prediction 2026
If Osmosis (OSMO) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $8.9.
Osmosis (OSMO) Price Prediction 2027
If Osmosis (OSMO) sustains major resistance levels and stands as a better investment option in the market, then OSMO would rally to hit $9.5.
Osmosis (OSMO) Price Prediction 2028
If Osmosis (OSMO) holds a positive market sentiment amOSMO the highly-volatile crypto market by driving significant price rallies, then OSMO would hit $10 by 2028.
Osmosis (OSMO) Price Prediction 2029
If investors flock in and continue to place their bets on Osmosis (OSMO), then the crypto would witness major spikes. Hence, OSMO might hit $10.5 by 2029.
Osmosis (OSMO) Price Prediction 2030
By 2030, the OSMO price might rally to $11 if the trend momentum aligns in favor of Osmosis. Furthermore, OSMO would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.
Conclusion
If Osmosis (OSMO) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Osmosis (OSMO) price prediction for 2023 is $1.010. Comparatively, the bearish Osmosis (OSMO) price prediction for 2023 is $0.677.
If there is a positive elevation in the market momentum and investors’ sentiment, then Osmosis (OSMO) might hit $5. Furthermore, with future upgrades and advancements in the Osmosis ecosystem, OSMO might surpass its current all-time high (ATH) of $11.21 and mark its new ATH.
FAQ
1. What is Osmosis (OSMO)?
OSMO is the native token of the Osmosis Protocol. Osmosis is an automated market maker (AMM) protocol that allows programmers to create unique AMMs with sovereign liquidity pools.
2. Where can you buy Osmosis (OSMO)?
Traders can trade Osmosis (OSMO) on the following cryptocurrency exchanges such as Binance, Deepcoin, Bitrue, BingX, and Bitget.
3. Will Osmosis (OSMO) record a new ATH soon?
With the ongoing developments and upgrades within the Osmosis platform, Osmosis (OSMO) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Osmosis (OSMO)?
Osmosis (OSMO) hit its current all-time high (ATH) of $11.21 on March 04, 2022.
5. What is the lowest price of Osmosis (OSMO)?
According to CoinMarketCap, OSMO hit its all-time low (ATL) of $0.6784 on January 01, 2023.
6. Will Osmosis (OSMO) hit $5?
If Osmosis (OSMO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be the Osmosis (OSMO) price by 2024?
Osmosis (OSMO) price might reach $6.9 by 2024.
8. What will be the Osmosis (OSMO) price by 2025?
Osmosis (OSMO) price might reach $7.5 by 2025.
9. What will be the Osmosis (OSMO) price by 2026?
Osmosis (OSMO) price might reach $8.9 by 2026.
10. What will be the Osmosis (OSMO) price by 2027?
Osmosis (OSMO) price might reach $9.5 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
