- The price of the ROSE crypto has advanced by 127% in the last 1 year.
- Oasis Network crypto has high liquidity based on its market cap.
Oasis Labs is a privacy-centric blockchain platform developed by UC Berkeley researchers and led by Dawn Song. Launched in 2018, it prioritizes user data protection, offering a platform for highly scalable and secure decentralized applications (dApps). ROSE tokens facilitate transactions and are tradable on crypto exchanges.
Oasis Network crypto has very high volatility, which results in 8.42%, and its market cap dominance is 0.03%. This further results in a market cap value of $923.24M, making it the 106th most prominent cryptocurrency in the global cryptocurrency market.
The traded volume for the crypto has further witnessed a decline of 29.3% in the last 24 hours. The value of the traded volume for the Oasis Network crypto is $22.217M, and the ranking of the crypto traded volume is #275, as per CoinMarketCap.
Also, the crypto’s volume/market cap ratio is 2.39%, and the sentiment of the crypto is bullish. The fear and greed index further indicates greed among the investors for the Oasis Network crypto.
The supply inflation of the crypto is high, resulting in 17.25%, while the circulating supply of the crypto is 6.713B ROSE, which is just 67% of the maximum supply. Moreover, the total and maximum supply of the Oasis Network are the same, resulting in 10.0B ROSE. Also, the fully diluted market cap of the crypto is $1.377B.
Oasis Network Crypto Derivatives Analysis
The trading volume of crypto derivatives has been consistently rising over the last few days, and it has witnessed a slight decline of 19.6% in the previous 24 hours. Furthermore, the open interest in crypto has slightly advanced by 0.7%, resulting in $30.43M.
The long/short ratio for the crypto is 0.8868, and the long liquidation for the crypto is worth $4.83K, while the short liquidation for the crypto is worth just $376.
Price Volatility Vs Weighted Sentiment
The crypto’s weighted sentiment and price volatility have declined to certain lows, indicating the absence of crypto traders and the crypto’s lack of social presence.
ROSE Crypto Technical Analysis
The price of the ROSE crypto consistently formed a higher high swing structure on the weekly chart. Despite this, the crypto price is failing to sustain the highs and has started to decline by witnessing profit booking.
If the price of the crypto further fails to rebound to the recent swing highs, the price of the crypto might continue to decline to further lower levels.
ROSE/USD Chart by TradingView.com
Although the 50-day and 200-day EMAs are trading in a golden cross, the token’s price has declined below the 20-day and 50-day moving averages. This behavior of price represents a weakness in price in the short term.
The MACD indicator also indicates weakness on the chart as the MACD and the signal line have declined below the zero level, followed by a bearish cross in the metrics.
The RSI further has slipped below the 50-level following the decline below the 14-day. It indicates an enhancement in the bearish behavior of the token’s price.
Summary
In the short term, Oasis Network’s ROSE crypto faces challenges as it struggles to sustain recent highs, showing signs of weakness with declining sentiment and increased volatility. Technical indicators suggest bearish momentum, with prices falling below key moving averages.
Technical Levels:
- Support levels: $0.03300 and $0.06100
- Resistance levels: $0.18400 and $0.23800
Disclaimer
This article is for informational purposes only and does not provide any 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.