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Osmosis Token Report – 13th Dec’24

OSMOSIS Token Report

Osmosis (OSMO) is a decentralized exchange (DEX) built for the Cosmos ecosystem, which comprises independent, interoperable blockchains connected seamlessly through the Inter-Blockchain Communication Protocol (IBC). In addition to IBC-enabled assets, Osmosis supports non-IBC assets bridged from ecosystems like Ethereum and Polkadot.

OSMO is ranked #175 with a market capitalization of nearly $529 million. The current market price of the token is 0.34 USDT

The OSMO/USDT price has been on a consistent uptrend since November, 2024. The trend has broken out of the flat consolidation pattern with significant volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 0.92 USDT and an immediate support is expected at 0.66 USDT.

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Weekly Market Report: Stocks and Crypto Trends

WEEKLY MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 3.3% last week. The critical support is expected at 20,000 levels and resistance is expected around 22,000 levels for the coming week. 

Docusign, Lululemon and Marvell Tech gained 29%, 26% and 22% for the week

The NASDAQ Index is expected to continue the upward momentum

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market has moved to the Extreme GREED zone. Compared to last week, the Fear & Greed Index decreased to  “78” from the previous level of “80”

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $180,000 

Bitcoin chart$BTC’s price gained 4% in the previous week. The immediate support is expected at $85K and resistance is expected at $100K. Bitcoin is expected to continue with the upward momentum 

ETH/BTC

ETH/BTC pair surged in the last week, gaining around 4%. An immediate support is expected at 0.030 level and resistance is expected at 0.060 levels. ETH is expected to rally from this level.

NIFTY

Nifty bounced back from support levels in the last week, gaining around 2%. An immediate support is expected around 24,000 levels and resistance is expected around 25,000. Nifty is expected to continue the upward momentum

PICK OF THE WEEK – GRSE

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