Osmosis (OSMO) Price Prediction 2023 – Will OSMO Hit $2 Soon?
- Bullish OSMO price prediction for 2023 is $0.756 to $1.012.
- The OSMO price will also reach $2 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 | $0.731946 |
| 24 – Hour Trading Volume | $8,143,810 |
| 24 – Hour Price Change | 1.1% down |
| Circulating Supply | 509,028,218 |
| All – Time High | $11.25 (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) holds the 85th position on CoinGecko right now. OSMO price prediction 2023 is explained below with a daily time frame.
The above chart of Osmosis (OSMO) laid out the 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 the characteristic of a bearish market.
Currently, Osmosis (OSMO) is at $0.731946. If the pattern continues, the price of OSMO might reach the resistance level of $0.736, $0.775, & $0.801. If the trend reverses, then the price of OSMO may fall to $0.674 and $0.625.
Osmosis (OSMO) Support and Resistance Levels
The chart below shows the support and resistance levels of Osmosis (OSMO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Osmosis (OSMO).
| Resistance Level 1 | $0.756 |
| Resistance Level 2 | $0.869 |
| Resistance Level 3 | $1.012 |
| 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 $1.012.
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 Relative Volume (RVOL) of Osmosis (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 weak participants in the current trend.
Moreover, the Moving Average (MA) of Osmosis (OSMO) is shown in the above chart. Notably, the OSMO price lies above 50 MA (short-term), so it is completely in an uptrend trend. Currently, OSMO is in a bullish state. There is a possibility of a reversal trend of OSMO at any time.
Meanwhile, the relative strength index (RSI) of the OSMO is at a level of 67.04. This means that OSMO is nearly an overbought state. However, this gives confidence to the traders to trade without any fear.
Osmosis (OSMO) Price Prediction 2023 — ADX, RVI
Let us now look Average Directional Index (ADX) of Osmosis (OSMO). 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 (OSMO). Currently, OSMO lies in the range of 46.140, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Osmosis (OSMO). RVI measures the constant deviation of price changes over a period of time. The RVI of OSMO lies above 50, indicating high volatility. In fact, OSMO’s RSI is at 67.04, thus confirming a potential sell signal.
Comparison of OSMO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Osmosis (OSMO).
From the above chart, we can interpret ETH, BTC, and OSMO are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and OSMO also increase or decrease respectively.
Osmosis (OSMO) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price ofOsmosis (OSMO) between 2024 and 2030.
Osmosis (OSMO) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Osmosis (OSMO) might probably attain $4 by 2024.
Osmosis (OSMO) Price Prediction 2025
With several upgrades in the network, Osmosis (OSMO) might enter a bullish trajectory. If the coin grabs the attention of major investors, OSMO might rally to hit $6 by 2025.
Osmosis (OSMO) Price Prediction 2026
If Osmosis (OSMO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, OSMO will rally to hit $8.
Osmosis (OSMO) Price Prediction 2027
If Osmosis (OSMO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, OSMO would rally to hit $10.
Osmosis (OSMO) Price Prediction 2028
If Osmosis (OSMO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, OSMO would rally to hit $12.
Osmosis (OSMO) Price Prediction 2029
If Osmosis (OSMO) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2029, OSMO would hit $14.
Osmosis (OSMO) Price Prediction 2030
If investors flock in and continue to place their bets on Osmosis (OSMO), it would witness major spikes. OSMO might hit $16 by 2030.
Conclusion
With continuous improvements in the Osmosis network, we can say that 2023 is a good year for OSMO. For this reason, the bullish price prediction of Osmosis (OSMO) in 2023 is $1.012. On the other hand, the bearish price prediction of Osmosis (OSMO) for 2023 is $0.677.
Furthermore, with the advancements and upgrades in the Osmosis ecosystem, the performance of Osmosis (OSMO) might hit $2 gaining investors’ attention. It would also rise above its all-time high (ATH) of $11.25 in the near future.
FAQ
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.
Osmosis (OSMO) has been listed on many crypto exchanges which include Binance, MEXC, LBank, Bitrue, BKEX.
With the ongoing developments and upgrades within the Osmosis platform, Osmosis (OSMO) has a high possibility of reaching its ATH soon.
On March 04, 2022, OSMO reached its new all-time high (ATH) of $11.25.
Osmosis (OSMO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Osmosis in the past few months, OSMO is considered a good investment in 2023.
Osmosis (OSMO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Osmosis (OSMO) will hit $2 soon.
Osmosis (OSMO) price is expected to reach $4 by 2024.
Osmosis (OSMO) price is expected to reach $6 by 2025.
Osmosis (OSMO) price is expected to reach $8 by 2026.
Osmosis (OSMO) price is expected to reach $10 by 2027.
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.
Read more: https://thenewscrypto.com/osmosis-osmo-price-prediction-2022-will-osmo-hit-3-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
