OSMO TECHNICAL ANALYSIS UPDATE
I'm tracking $OSMO closely as volume expands, it's currently hovering near the mid range of $0.05780, and a potential bounce off the support zone of ~$0.05186 shouldn't be ruled out. The 24h change of 2.67% indicates a moderate bullish momentum, with a 24h volume of $2.66M suggesting a moderate increase in buying pressure.
The volume profile suggests $OSMO is likely to test the resistance zone of ~$0.06368, given its current price of $0.05760. I'm watching for a potential long entry above $0.05900, with a target of $0.06150, representing a 6.8% upside, as $OSMO's funding rates are relatively neutral, which could indicate a potential shift in market structure.
$OSMO