Osmosis (OSMO) Coin Going Bullish, Surges by +75% in a Week

/ Discover the Osmosis (OSMO) coin’s incredible +75% surge in a week, driven by a major breakout and bullish momentum in the crypto market.

By Nilesh Hembade.

Date: 03 Nov 2023, 10:35 PM IST

In the volatile world of cryptocurrencies, Osmosis, the decentralized exchange (DEX) designed for Cosmos, is currently catching the eye of investors as it embarks on a remarkable bullish streak. Over the last week, the OSMO coin has maintained an impressive upward trajectory, witnessing a notable gain of +73.79%.

Today, Osmosis enthusiasts and traders have even more reason to celebrate, as the OSMO coin price has seen a staggering surge of +30% in the last 24 hours. At the time of writing, the OSMO coin is exchanging hands at a price of $0.4713, boasting a substantial market capitalization of $231 million, as per coinmarketcap.

Why Osmosis (OSMO) Coin is Surging?

The driving force behind this spectacular rally can be traced back to a major breakout from a descending channel pattern. This breakout occurred on October 24 at a price level of $0.2480, marking a pivotal turning point for the OSMO coin. Since that fateful day, Osmosis has been on an unrelenting ascent, surging by nearly +100%.

The impressive gains made by OSMO coin over the past week and the significant surge in the last 24 hours underscore the growing interest and confidence of investors in the Osmosis project and its native token. As the crypto market continues to evolve, Osmosis remains a prime example of innovation and resilience, making it a compelling choice for those seeking opportunities in the ever-expanding digital asset landscape. Investors and analysts will be closely watching Osmosis to see if this bullish momentum can be sustained in the coming days and weeks.

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