- Oasis Network’s native crypto’s price has risen by 80% since February.
- The ROSE crypto price is trading far above the significant moving average, indicating the dominance of bulls.
In a broader time frame, the Oasis Network (ROSE) price has performed positively and recorded a 52-week high of $0.185 on March 10, 2024. The price has risen by 18% in the last 5 days, showcasing the bullish trend. The price was dumped on March 05, 2024, by 20% and melted to the $0.130 hurdle, but in the next few hours, it recovered the losses.
Based on the chart, the ROSE crypto price had been bullish and reached the $0.140 mark in January but failed to sustain. It attempted again in the first week of March with strong buying momentum and surpassed the last swing high. Since the beginning of March, the ROSE price has remained bullish and recently triggered a pullback and jumped by 18% in a week.
The current market price of ROSE is $0.180, which is up by 1.95% in the last 24 hours. The market capitalization of Oasis Network price is $1.20 billion, and the 24-hour trading volume is $64.25 million.
ROSE Crypto Price vs Volume Analysis
According to the graph of price vs volume for Oasis Network, the trading volume has decreased for the last four days, but the price has remained constant. Based on these data, the price may take a short-term pullback and rise if the trading volume increases. Suppose the trading volume keeps draining; it may decline further.
ROSE Price Technical Analysis Over 1-Day Timeframe
Based on the technical chart, the Oasis Network crypto price has been bullish and has surpassed the last swing high with buying pressure. Recently, it has triggered a pullback and risen by approximately 20% in the last few days.
The price is witnessing a sharp up move. If the buyers hold the grip, it may reach the resistance level of $0.210. As we can see, the ROSE price is showing a slow and steady momentum. So, it may generate a pullback near the $0.200 mark.
Alternatively, if the Oasis Network crypto price falls to the 20-day exponential moving average and forms a positive candlestick, it may trigger a pullback. Suppose the ROSE price slips below the 20-day EMA and sustains; it may easily drop to the $0.130 mark.
Oasis Network Price Technical Analysis on 4-H Timeframe
In a 4-H time frame, the ROSE price is rising by taking support on the 20-day exponential moving average. It is facing resistance from the trendline, and according to the candlestick, it is displaying the week buying.
If the price slips below the 20-day EMA and sustains, then the buyers may prefer to book profit, resulting in a bearish forecast. However, if the price drops to the 100-day EMA and fails to defend, sellers may dominate, and short-term selling can be seen.
On the other hand, if the ROSE price rises with the strong buying candlestick and trading volume increases, it may perform positively for the next few days.
The RSI is at 72 and staying in the overbought zone but is not rising with the price. According to this data, the price may decline in the next few trading sessions. However, the price is trading over the significant moving average, showcasing the bullish trend.
Conclusion
The ROSE crypto price has been bullish and reached a 52-week high, showing the buyers’ strength. It has risen by 80% since February and recently has increased by 18% in a few days after a pullback. Most of the technical indicators are supporting the buying momentum. The price was dumped by 20% on March 05, 2024, but the buyers were strong enough to bounce back.
Technical Levels
Resistance: $0.250 & $0.330
Support: $0.150 & $0.120.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.