- Oasis Network price has seen a bounceback from its major support level and can see a new high. In contrast, ROSE coin has seen a gain of more than 12% in the intraday session.
- Technical indicators of ROSE coin are currently favoring the bulls. In contrast, ROSE/BTC pair has seen a gain of more than 10% in the intraday session.
Why Invest In ROSE Token?
ROSE token price has given a major breakout from a downside trend and is ready for a new move. Oasis Network is currently trading near the value of $0.38 and has seen a jump of more than 10% in the intraday session. There are 10,000,000,000 of maximum supply in the market and approximately 3.5BN coins are circulating in the market. It is a privacy-focused blockchain built for finance using the Cosmos platform. Oasis interacts with the ecosystem of the Cosmos using its blockchain when its Inter Blockchain Communication Protocol launches. Oasis prioritizes the uses which promote data privacy and user confidentiality and gives the power of private, scalable Defi and a place to launch into the broader market. The asset price is currently down by more than 16% from its ATH and can soon see a rebound. One can invest in the ROSE token as per their needs and risk capacity.
OASIS Network is currently ranked 80th in the CMC and has a market dominance of more than 0.2%. The volume of the asset has seen a jump of more than 100% which can push the asset to a new high. The volume to market cap ratio of the ROSE token suggests a strong upside trend for the future.
Technical Indicators Of ROSE Token Favors The Bulls
OASIS Networks weekly technical chart suggests a consolidated trend in the price for the future. On coming to the daily chart, the asset has given a positive breakout for the future. The upside momentum of the ROSE token may see a setback near the value of $0.6. If the downside trend of the Oasis network sees a fall then a bounceback near $0.25 can be seen. ROSE/BTC pair can also see a strong upside trend in the future.
Conclusion
OASIS network has given a breakout in the daily chart and can also see a strong upside trend in the future. ROSE/BTC pair can also observe a new high in the future. One should do their due diligence before investing in the Oasis Network.
Technical Levels
Major Resistance: $0.5
Major Support: $0.25