Osmosis (OSMO) Rises 1.39%, Underperforms the Crypto Market Monday

Monday, April 10, 2023 05:35 PM | InvestorsObserver Analysts

Osmosis (OSMO) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has advanced 1.39% to $0.7774803937.

InvestorsObserver is giving Osmosis a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Osmosis!

Low Volatility

InvestorsObserver gives Osmosis a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. OSMO's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Osmosis price is trading above resistance. With support around $0.761214044802368 and resistance around $0.772343781702697. This leaves Osmosis out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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