- The Oasis Network Coin price has given a breakout from a symmetrical triangle pattern.
- It has surged by over 115% in the year 2023.
- The current market price of the Oasis Network Coin is $0.07352.
The Oasis Network coin price is trading in the same range in which the coin price was listed. At the time of listing, the coin price had created an all-time low level of $0.03205 on November 26, 2023.
From the lower level, the coin price has witnessed a strong jump and it surged by over 1500% from the low. It formed an all-time high level of $0.5964 on January 15, 2022.
After January 2022, a massive decline was seen in the coin and that decline has changed the whole chart structure of the coin. It has changed the structure from bullish to bearish.
Oasis network coin’s price halted the decline in June 2022, and it has been consolidating in a broader range. However, the coin has soared by over 115% in the year 2023.
Can ROSE Coin Price Reach the $0.1000 Level?
The Oasis Network Coin price has formed a symmetrical triangle pattern on the daily chart. It has surged sharply after that and the coin price has surged by over 53% in a month.
Rose Coin price has faced a rejection from the resistance level of $0.07625 and the bulls are continuously challenging the sellers present at that level. The other resistance level is present near the level of $0.08594.
The bulls are currently looking strong as the coin price is sustaining at a higher level after the massive surge. The coin price has surged by over 10% in a week which confirms the above statement.
ROSE coin’s price has formed a good support near the level of $0.05432. Apart from this, the other support level for the coin is present near the level of $0.04567.
A Quick Guide to the EMA and RSI Indicators on the ROSE Coin.
ROSE coin price is trading above the 50-day and 200-day exponential moving average (EMA), which is a bullish sign. Recently, It has witnessed a golden crossover on the daily chart which is also a bullish sign.
The Relative strength index (RSI) is curving at 60.02, this signifies that the momentum is favouring the bulls at present. However, the slope of the RSI is favouring the bears and bulls need some reinforcement to push the price up.
Conclusion
The ROSE coin price has been bullish in the recent time and it is looking strong at present. The Bulls are challenging the Sellers present near the resistance and they definitely need some reinforcement to absorb the liquidity.
Technical level
Resistance level – $0.07625 and $0.08594
Support Level – $0.05432 and $0.04567
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.