Osmosis (OSMOUSD) Price Forecast: December 28
The OSMOUSD pair at the moment sticks to its bullishness and remains on the positive side today. If the coin price could sustain above the current supply level at $1.9618, the coin price may trigger up to the overhead resistance mark at the $2.0000 level, thus a clear buy signal, line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $1.9300 $1.9400, $1.9500
Support Levels: $0.9000, $0.8000, $0.7000
OSMO (USD) Long-term Trend: Bullish (Daily Chart)
OSMOUSD remains positive and sticks to its bullishness on the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
However, the previous action at the $1.5897 high level in the past session has sustained the coin price to remain above the trend line in its recent high.
Today’s daily bullish candle at $1.9618 confirms the bulls’ dominance in the market; however, there are indications that the Osmosis pair sticks to its bullishness as we can see bullish signals above the level of $1.5500 indicating a possible further increase in the market value.
Further, the OSMOUSD price indicates an upward momentum on the daily signal, this indicates that the pair will continue to stick to its bullishness and this may get to the $2.0000 upper resistance trend mark soon in its long-term outlook.
OSMO (USD) Medium-term Trend: Bullish (4H Chart)
OSMOUSD pair also sticks to its bullishness by trading strongly above the supply level in the medium-term outlook.
The coin has been having a series of higher highs and higher lows which has made it easier for the price to remain stronger in an upward trend in its recent high.
Earlier today, the bull run caused the price of Osmosis to rise to a high above the moving averages at the $1.8900 level. This current trend will allow the coin price to stick to its bullishness and remain in positive territory. This however will generate a lot of interest among buyers.
Additionally, with the price of Osmosis pointing upwards on the daily stochastic, further upside is assured. As a result, it is expected that buy investors will drive the price action higher, with the price likely to reach the $2.0000 upper resistance level soon as the crypto sticks to its bullishness in the medium-term time frame.
Buy Osmosis on Longhorn
Leave a Reply