Undervalued Altcoins to Buy This Week

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 13 2024

OSMO-1.036%

TON-0.789%

XCH-4.19%

Should l Buy OSMO?

Undervalued Altcoins:
- The bull run of 2024 has intensified the search for promising altcoins that are undervalued and have growth potential.
- BlastUP token is projected to soar by 1000% by the end of the year, attracting attention with its presale success and benefits for crypto startups.
- Osmosis (OSMO), Ondo, Chia (XCH), and Toncoin are discussed for their recent price movements and future outlooks.
- BlastUP stands out as a strong investment option due to its roadmap, community benefits, and ties to the Blast network.
- Altcoins like OSMO, ONDO, XCH, and TON may not see immediate value spikes but could offer long-term growth opportunities.

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Technical Analysis for OSMO

Technical Sentiment Analysis for Osmosis (OSMO) As of , Osmosis (OSMO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for OSMO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, OSMO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Osmosis (OSMO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0201	0.0269	0.0335	0.0403	0.0469	0.0537	0.0603
Fibonacci	0.0269	0.032	0.0352	0.0403	0.0454	0.0486	0.0537

About OSMO

Osmosis launched in 2021 as a DeFi-focused appchain (application-specific blockchain) and decentralized exchange (DEX). Osmosis DEX is the premier application built on the Osmosis chain and serves as the leading DEX and DeFi Hub for the Cosmos ecosystem and beyond.As an appchain DEX, Osmosis has greater control over the full blockchain stack than DEXs that must follow the code of a parent chain. This fine-grained control has enabled the development of innovative features like Smart Accounts, 1-Click Trading, highly-performant on-chain orderbooks, and more.To date, the Osmosis DEX has facilitated over $40 Billion in trading volume, and more than 140 separate blockchains have connected to the Osmosis appchain via various external bridges and IBC, the Inter-Blockchain Communication Protocol.Osmosis has seen significant success, especially as a liquidity and trading hub for assets from appchains without their own native DEX (e.g., Akash, Celestia). This is one of the largest untapped markets in crypto, with Bitcoin itself being an appchain without a native DEX.Home to an ever-expanding ecosystem of DeFi applications, Osmosis merges native tooling with powerful third-party integrations to provide a one-stop experience that raises the bar over centralized exchange offerings.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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