The Osmosis (OSMO) price has experienced a retracement and range breakdown recently. The coin has dropped to the critical 200-day Exponential Moving Average (EMA) level and may soon retest the $1 mark. Sellers have been dominant, maintaining low volume and adding short positions consistently.

Currently, the Osmosis coin is trading at $1.26, showing a 0.37% drop for the day with neutral chart indicators. The monthly return rate is -17.89% and yearly return stands at 58.90%. OSMO/BTC pair is at 0.0000190 BTC with a market cap of $802.70 million. Analysts predict volatility in the OSMO price with a possible retest of $1.

OSMO Price to Volume Profile On Daily Chart

The price to volume profile of OSMO shows a decline in recent sessions with a prevailing downtrend. Lower lows and minimal buying activity have been observed with below-average trading volume of around $13.71 million.

Price Volatility and Sentiment Analysis

Price volatility has surged by over 85% to 0.023, indicating further volatility ahead. Despite this, the total weighted sentiment remains positive at approximately 0.249.

Social Dominance and Twitter Followers Outlook

Social dominance dropped by 27% to 0.053% following the price decline, reflecting a decrease in social media discussions. Similarly, Twitter followers decreased by 325% to 240, displaying a negative sentiment.

Development Activity and Whales Activity Overview

Despite the price decline, development activity surged by 15% to 192. Whales activity shows a consistent increase with 56.923% of the stablecoin supply held by whales.

According to Fibonacci levels, OSMO price is at the 23.6% zone, near the support level of $1.20. The RSI curve is in the oversold region, showing a negative divergence.

The total OSMO coin supply is 325 million with a volume-to-market cap ratio of 0.0171 and a market cap ranking of 121 in the global crypto market.

Summary

OSMO coin price has broken the range and dropped to the 200-day EMA level. Further losses are possible, with a potential retest of $1. The trend is bearish, indicating more selling pressure to come.

Technical Levels

Support Levels: $1.0 and $0.8500

Resistance Levels: $1.35 and $1.50

Disclaimer

The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Any views expressed are solely for educational purposes.