- Bullish OSMO price prediction is $ 9.7809 to $15.1537.
- The OSMO price will also reach $16 soon.
- OSMO’s bearish market price prediction for 2022 is $5.0038.
In Osmosis’s (OSMO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about OSMO to analyze the future movement of the cryptocurrency.
Osmosis Current Market Status
According to CoinGecko, the price of OSMO is $8.84 with a 24-hour trading volume of $58,643,121 at the time of writing. However, OSMO has increased nearly 1.2% in the last 24 hours.
Moreover, OSMO has a circulating supply of 289,861,630 OSMO. Currently, OSMO trades in cryptocurrency exchanges such as MEXC, and Osmosis.
What is Osmosis (OSMO)?
Osmosis is a cross-chain automated market maker (AMM) protocol built using the Cosmos SDK that enables developers to design, build and deploy their own customized AMMs. Osmosis is one of the first Cosmos-based AMM DEX. Cosmos has the market cap among the 30 largest in the cryptocurrency market, so the growth potential of Osmosis in the future is enormous. OSMO is the governance token of Osmosis. The OSMO token will be distributed only to network participants who contribute resources to the success of the Osmosis network such as liquidity providers, developers, stakers, and more.
Osmosis (OSMO) Price Prediction 2022
Osmosis holds the 55th position on CoinGecko right now. OSMO price prediction 2022 is explained below with a daily time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, OSMO is in the range of $8.84. If the pattern continues, the price of OSMO might reach the resistance level of $10.5164 & $13.8997. If the trend reverses, then the price of OSMO may fall to $8.5511 & $6.7461.
Osmosis (OSMO) Support and Resistance Level
The below chart shows the support and resistance level of OSMO.
From the above daily time frame, it is clear the following are the resistance and support levels of OSMO.
| Resistance Level 1 | $9.7809 |
| Resistance Level 2 | $12.1088 |
| Resistance Level 3 | $15.1537 |
| Support Level 1 | $6.8093 |
| Support Level 2 | $5.0038 |
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 $12.1088.
Accordingly, if the investors turn against the crypto, the price of the OSMO might plummet to almost $5.0038, a bearish signal.
Osmosis Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of OSMO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of OSMO lies below the cutoff line, indicating weaker participants in the current trend.
More so, the OSMO’s Moving Average (MA) is shown in the chart above. Currently, OSMO is in a bullish state. Notably, the OSMO price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of OSMO at any time.
Meanwhile, the relative strength index (RSI) of the OSMO is at level 69.64. This means that OSMO is in a nearly overbought. However, this means a major price reversal of OSMO may occur in the upcoming days.
Osmosis Price Prediction 2022 — ADX, RVI
Let us now look at Osmosis’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Osmosis. Currently, OSMO lies in the range of 40.5535, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of OSMO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of OSMO lies above the 50 levels, indicating that the direction of volatility is high. In fact, OSMO’s RSI is at 69.64 level thus confirming a potential buy signal.
Comparison of OSMO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Osmosis.
From the above chart, we can identify the trend of the OSMO is moving at an upward trend. But, the recent trend of BTC and ETH move in a consolidation trend.
Conclusion
With continuous improvements in the Osmosis network, we can say that 2022 is a good year for OSMO. For this reason, the bullish price prediction of Osmosis in 2022 is $15.1537. On the other hand, the bearish OSMO price prediction for 2022 is $5.0038.
Furthermore, with the advancements and upgrades on the OSMO ecosystem, the performance of OSMO would help to reach above its current all-time high (ATH) $10.96 very soon. But, it might also reach $16 if the investors believe that OSMO is a good investment in 2022.
FAQ
Osmosis is a decentralized metaverse based on the Ethereum blockchain that enables users to explore, communicate, and exchange NFTs for virtual land and other commodities.
OSMO has been listed on many crypto exchanges which include MEXC, and Osmosis.
With the ongoing developments and upgrades within the OSMO platform, it has a high possibility of reaching its ATH soon.
On January 17, 2022, OSMO reached its new all-time high (ATH) of $10.96.
Osmosis (OSMO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of OSMO in the past few months, OSMO is considered a good investment in 2022.
Osmosis (OSMO) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Osmosis (OSMO) will hit $16 soon.
Osmosis (OSMO) price is expected to reach $17.5 by 2023.
Osmosis (OSMO) price is expected to reach $18.8 by 2024.
Osmosis (OSMO) price is expected to reach $20 by 2025.
Osmosis (OSMO) price is expected to reach $22 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
