🟣 $OSMO – Falling Channel Reversal or Breakdown?
$OSMO has been trading within a falling channel throughout the 1M timeframe after topping out at $0.23. Price recently bounced from a critical support at $0.14, forming a potential reversal structure.
With over 90% buy pressure on Coinbase today, this altcoin is drawing strong interest.
📍 Current Price: ~$0.17 (▲ 23.20% 1M)
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📉 Key Support Levels:
• $0.14 – Critical reversal support (multi-touch base)
• $0.16 – Mid-channel support (minor bounce zone)
📈 Key Resistance Levels:
• R1: $0.20 – Resistance zone 1 (falling channel top)
• R2: $0.23 – Resistance zone 2 (monthly high)
• TP2: $0.27 – Breakout extension target above structure
🎯 Breakout Target Range: $0.20 → $0.27 (on confirmed channel break)
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🔍 Technical Indicators
🧪 RSI (1M): Recovering from oversold zone with bullish divergence signs building.
📊 Volume Profile:
• Increased buying interest near $0.14–$0.17
• Watch for a breakout spike above $0.20 to confirm trend shift
📐 Market Structure Notes:
• Clear falling channel from $0.23 high
• Break above resistance trendline would confirm bullish reversal
• Bearish structure still intact until resistance is broken
🧲 Liquidity Zones:
• $0.20–$0.23: First take-profit zone (TP1)
• $0.23–$0.27: Full extension target (TP2)
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📌 Bottom Line:
• ⚠ $OSMO in a falling channel with strong bounce from $0.14
• ✅ Break above $0.20 opens path to $0.23 → $0.27
• ❌ Breakdown below $0.14 invalidates the reversal setup
With Coinbase buy pressure exceeding 90%, eyes are on a potential breakout from the channel. But confirmation is key — volume must lead.
Always DYOR. 💭📈📉
