Osmosis, an exchange token on the Cosmos ecosystem had a great pump in early 2022, but that quickly faded. OSMO could not sustain the uptrend and in March fell below a key ascending trendline which was re-tested as resistance = BEARISH! See yellow circle. For this reason, do not FOMO into OSMO. It can easily drop to $8 before any sustained recovery. To turn...
LUNA, AVAX and OSMO have outperformed most altcoins, hinting that a DeFi revival could be in store. The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR. Following January's market sell-off, where Bitcoin (BTC) price dropped to bottom below...
#KAVA defi on COSMOS launchin on 19h Jan, Buy the run up! #kava #osmo #atom Stop loss if bitcoin crash
Standard trend lines with fibo support - transition to a triangle and its path determined by Eliott Wave
With Osmosis finally bringing DeFi to the Cosmoverse and Gravity DEX and Bridge(to Ethereum) coming very soon, things are about to get crazy for ATOM. Also it should be mentioned that the Gravity DEX being rooted in the Cosmos Hub should help the ATOM tokenomics out quite a bit.