Osmosis (OSMO) Price Prediction 2024-2030: Will OSMO Price Hit $5 Soon?

• Bullish Osmosis (OSMO) price prediction ranges from $2 to $4.
• Analysis suggests that the OSMO price might reach above $3.6.
• The OSMO bearish market price prediction for 2024 is $0.76.

What is Osmosis (OSMO)?

Osmosis is a decentralized exchange for Cosmos. It is an ecosystem of sovereign, interoperable blockchains all connected trustlessly over IBC, the Inter-Blockchain Communication Protocol. 

Additionally, Osmosis also supports non-IBC assets from Ethereum and Polkadot ecosystems. Osmosis is transitioning towards a more sustainable concentrated liquidity model, aiming to enhance the quality of trading and liquidity provision after initially relying on  Balancer-style pools.

As an appchain DEX, Osmosis has a higher degree of control over the entire blockchain stack compared to DEXs which are bound by a parent chain’s code. Thanks to this level of control, which makes innovation like Superfluid Staking possible. The Supernfluid Staking is an enhancement to Proof-of-Stake security.

With Superfluid staking, the underlying OSMO within a liquidity provider position contributes to chain security and earns staking rewards. Moreover, the adaptability of app chains enables the creation of a transaction meme pool secured with threshold encryption, promising a significant reduction in harmful Miner Extractable Value (MEV) on Osmosis.

Osmosis (OSMO) Market Overview

Osmosis (OSMO) Current Market Status

The maximum supply of Osmosis (OSMO) is 1,000,000,000 OSMO, while its circulating supply is 492,590,761 OSMO, according to CoinMarketCap. At the time of writing, OSMO is trading at $1.79 representing a 24-hour increase of 16%. The trading volume of OSMO in the past 24 hours is $129,625,668 which represents a 105.5%  increase.

Some top cryptocurrency exchanges for trading OSMO are Osmosis, Binance.com, Crypto.com, and MEXC.

Now that you know OSMO and its current market status, we shall discuss the price analysis of  Osmosis (OSMO) for 2024.

Osmosis (OSMO) Price Analysis 2024

Will the OSMO blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect OSMO‘s sentiment over time? Read more to find out about OSMO’s  2024 price analysis.

Osmosis (OSMO) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

The above chart illustrates how OSMO has been behaving with respect to the Bollinger bands. There was a short burst of increment in price during the beginning of 2023, but then it was followed by a long period of OSMO losing value. From February 2023 until October 2023, OSMO was losing value abruptly. However, come November 2023, the token started to gain value. It rose from as low as $0.2225 to $2 within the space of two months. 

OSMO has touched the upper Bollinger band while it is rising. Currently, the Bollinger band trend indicator is green and it shows that OSMO is on an uptrend. However, since OSMO has touched the upper band, there is a high chance that the market could correct the prices and OSMO could retrace. From another perspective, the bands are trying to widen, hence, there could be more volatility in the market. 

If the buyers outweigh the sellers, then the bands would widen. However, if the market slumps then, there might be a correction. 

Osmosis (OSMO) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued. 

The Signal which is a reference to the RSI, adjudicates how the RSI is doing with respect to the present market context. Hence, if the RSI is above the Signal line, OSMO is considered bullish and if the RSI is below the Signal, OSMO is bearish. 

The RSI is currently below the Signal line and denotes a value of 61.52. The trend is neutral as RSI is neither in the overbought nor oversold region. However, there is a divergence in the RSI with respect to the movement of the price. 

When the RSI is making higher highs, OSMO is making lower highs, this shows a bearish divergence. There could be a change in trend in the near future as per the RSI. 

Osmosis (OSMO) Price Analysis – Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length. 

The above chart shows that OSMO has been rising along the 200-day EMA. Since November 2023, the 200-day MA has been a formidable support for OSMO. Currently, as the market is correcting the price, there is a high chance that OSMO could seek assistance from the 200-day EMA once again. However, if OSMO doesn’t receive support from the 200-day EMA, then it may reach the 50-day EMA. 

Osmosis (OSMO) Price Prediction 2024-2030 Overview

Osmosis (OSMO) Price Prediction 2024

The above chart shows that OSMO has been trading inside a falling wedge since the beginning of 2023. However, come November, the token broke out from the falling wedge. As expected from a breakout from a falling wedge, OSMO spiked by the height of the wedge at the initial stages of formation. Since the breakout happened OSMO has been gaining value at a serious pace. It rose from as low as $0.2235 to $2.1 within a couple of months. 

At press time, OSMO was trading at  $1.8 and a fall from here would mean that the token could test the $1.5 support level. If support is not found at the aforementioned level, then OSMO could fall to $0.96 or $0.76. 

The above chart shows that OSMO has been moving diagonally while gaining value. At present it is consolidating on the 0.786 fib retracement level and it consolidated in the 0.618 level before the spike. Hence, if OSMO reciprocates this behavior, we could expect it to test fib retracement 1 level or $2.3 level in the short term. However, in the event that OSMO keeps its shape and maintains its rising gradient above the 2:1 Gann line, there is a high chance that it could hit the $3.6 level. 

Although the Fixed Volume Profile Indicator does not support the rise in price with volume, the bullish sentiment surrounded by the BTC halving event could invoke excitement in the crypto community. 

Osmosis (OSMO) Price Prediction – Resistance and Support Levels

OSMO has been moving horizontally with limited vertical movements since December 2022 to November 2023. OSMO tested and broke the 0.618 fib retracement level but wasnt able to hold above it for long. As such, it started to lose value and crashed below the 0.786 fib level and touched the rock bottom– fib retracement level 1. Thereafter it virtually started to rise vertically. 

After being support by the 4:1 Gann level, OSMO is currently above the 3:1 Gann level, and the market is such the OSMO could test the 2:1 Gann level. 

Osmosis (OSMO) Price Prediction 2025

OSMO  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, OSMO will continue to rise in 2025 forming new resistance levels. It is expected that OSMO will trade beyond the $10.5 level.

Osmosis (OSMO) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, OSMO could tumble into its support regions. During this period of price correction, OSMO could lose momentum and be way below its 2025 price. As such, it could be trading at $8 by 2026. 

Osmosis (OSMO) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in OSMO. As such, we could expect OSMO to trade at around $11 by the end of 2027. 

Osmosis (OSMO) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, OSMO  may reciprocate its past behavior during the BTC halving. Hence, OSMO would be trading at $15 after experiencing a considerable surge by the end of 2028. 

Osmosis (OSMO) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, OSMO could be trading at $25 by the end of 2029.

Osmosis (OSMO) Price Prediction 2030

After witnessing a bullish run in the market, OSMO and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, OSMO could be trading at $18.

Osmosis (OSMO) Price Prediction 2040

The long-term forecast for OSMO  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then OSMO  could fall in value. It is expected that the average price of OSMO could reach $26 by 2040.

Osmosis (OSMO) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such,  OSMO could reach $35.

Conclusion

If investors continue showing their interest in OSMO and add these tokens to their portfolio, it could continue to rise. OSMO’s bullish price prediction shows that it could reach the $3.6 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.