$OSMO is in one of those phases where the chart looks messy at first glance, but the story underneath is actually pretty clear. After the push toward 0.052, price didn’t find acceptance at the highs and rolled over, but the pullback hasn’t turned into a collapse. Instead, it has slowed down and started to compress near the lower Bollinger band.
The dip toward 0.0504 is important. That level acted like a magnet for liquidity, swept stops, and immediately bounced back above it. Price didn’t stay below the lower band, which often hints that sellers are running out of momentum rather than gaining it. Since then, OSMO has been rotating back toward the mid zone around 0.051.
What’s also worth noting is how volume spiked on the flush and then calmed down. That’s usually the signature of a shakeout rather than a trend continuation to the downside. When strong selling is present, volume keeps expanding. Here, it did the opposite.
As long as OSMO holds above the 0.0505–0.0507 area, the structure stays intact. Reclaiming and holding above 0.0515 would shift momentum back in favor of buyers and put the recent high back on the radar. On the other hand, repeated failures to lift off the mid range would keep price stuck in rotation.
Right now, this looks less like distribution and more like digestion. The market already made its move, shook out the weak hands, and is now deciding whether it has enough energy for the next leg
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