- The ROSE crypto price has increased by 36% in the last 30 days.
- The Oasis Network uses the PoS Consensus mechanism.
Oasis Labs (ROSE) is a blockchain platform for privacy-preserving dApps. It uses secure computing to protect user data. It was founded by UC Berkeley researchers in 2018. This platform has its unique token, ROSE, used for paying fees and trading.
The crypto is trading with a decline of 48.84% in volumes in the last 24 hours, resulting in $64.537M. The volume ranking of the crypto as per Coinmarketcap is 85th and the volume/market cap ratio of the ROSE crypto is 14.72%.
The circulating supply of the crypto is 6.713B ROSE, which is 67.14% of the max supply. Also, the fully diluted market cap of the ROSE crypto is $964.697M. The market cap dominance of the crypto is 0.028%.
ROSE Crypto Derivatives Data Analysis
The trading volume of the ROSE crypto has declined in the last few days and is currently trading with a decline of 49.7% in the last 24 hours. The liquidations in the crypto derivatives are also quite low. It is followed by a total long liquidation of $93.48K in the last 24 hours while the short liquidation for the crypto is $24.86K.
Technical Analysis for ROSE Crypto
The crypto price has consolidated inside a dynamic range for more than a year, which led to the formation of the descending triangle pattern. The ROSE token price has broken abcoe the same pattern leading to an advance of more than 80% in the price since the breakout.
ROSE/USD Chart by TradingView
The crucial 50-day and the 200-day EMAs are trading in a golden cross on the charts. The ROSE crypto price is also sustaining above the EMAs followed by an advancing Bollinger band.
The RSI is also trading at a level of 64.25 and has advanced above the 14-day SMA line. The RSI value has declined to the following levels from the overbought zones, this could be a sign of retracement in the crypto price.
Conclusion
The ROSE Crypto is an innovative project that offers a platform for privacy-preserving dApps. The price has recently broken out of a bearish pattern and is showing strong momentum. The technical indicators are also bullish, as the price is above the EMAs and the RSI is above 50. This crypto could be a great investment for those who value privacy and security.
Technical Levels
- Support levels- $0.0330 and $0.06180
- Resistance levels- $0.1170 and $0.190
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.