The price action reflects a bearish perspective at the moment. Osmosis price action suggests that the investors and traders are bearish on the 1-D time frame. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the OSMO crypto price. Osmosis (USD: OSMO) technical oscillators also support the bearish trend. The MACD is also giving a neutral signal, and both the moving averages converge, which suggests that a significant move can be seen in the upcoming sessions. The relative strength index (RSI) curve is near 49, indicating a neutral outlook. The price action indicates that sellers are persistently pushing back the bulls below the 50 EMA. On the 4-hour charts, the OSMO price is currently under the control of the sellers, and buyers are not able to surpass the range of neutrality. A bearish crossover is observed in the MACD indicator which signals more bearishness for the OSMO crypto price.
The MACD line at -0.0204 and the signal line at -0.0229 are above the zero line. The 14 SMA is above the median line at 26.30 points which indicates that the Osmosis crypto is bearish. The current value of RSI is 33.51 points. Hence, OSMO price is expected to move downwards giving bearish views over the daily time frame chart. However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. At the time of publishing, Osmosis crypto ( USD: OSMO) is trading below the 50 and 100-day SMAs (simple moving averages), which are not supporting the price trend.
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