Oasis Network Price Prediction: Is ROSE good for long term pick?

• Oasis Network Price Prediction suggests a rise in the long run.
• The ROSE crypto attempting to push the price above the 50 day EMA.
• Oasis Network Price formed a double top pattern. 

Oasis Network Price Prediction is bullish for the long term and suggests a significant rise is possible. The ROSE Price is near to the yearly lows and buyers are trying their best to rebound. 

Previously, Oasis Network Price formed a double top pattern and bears trying to break down the neckline support. From the past few months, ROSE Price has continuously declined by forming lower lows swings which shows the dominance of sellers. 

In the recent sell off the prices dropped below the neckline support. But bears failed to give the follow through and prices took a U-turn. 

Presently, Price is near to the 50 day EMA which is acting as an immediate hurdle for the bulls. It indicates that the trend is in a downward direction and it will be difficult for bulls to reverse the trend. 

The trading volume in ROSE crypto is in a declining phase shows big players are not active at current levels. 

Oasis Price is trading at $0.05042 with an intraday rise of 1.53%. The 24 hour volume to market cap is 5.60%. The pair of ROSE/BTC is trading at 0.00000168 with an intraday rise of 1.20%. 

Will Oasis Network Price take U-turn?

Oasis Network Price performed well in the beginning of 2023 and hit a swing high at $0.08550. Later, it witnessed correction from the higher levels and eroded 50% of the gains. 

In the mid of March, the downfall halted near $0.05000 and buyers again pushed the price higher with strong momentum. It tried to create new highs but due to the presence of strong sellers prices faced rejection and reverted down. 

Till, ROSE Price holds $0.04000 and $0.03340 support zone. The probability of short term bounce remains high. The technical analysis suggests, Oasis Price is near to the demand zone and downside seems to be limited. 

ROSE Price formed bullish reversal pattern

ROSE Price is up 9% in the current week and formed a bullish reversal candle. If the market leader BTC price continues to rise upward and holds the $30K mark. The ROSE Price will get positively impacted and might continue the pullback. 

The technical indicators like MACD curve are rising upward and intersect positively with the moving average. It indicates bullish momentum might continue for some more time and buyers are active at lower levels. 

The RSI at 52 sloping sideways denotes price is near to neutral territory and likely to consolidate for a few weeks in the narrow range.

Conclusion

Oasis Network Price Prediction is bullish and suggests a rise in the long run. The ROSE Price has corrected a lot and downfall seems to be getting halted. The technical analysis suggests, ROSE Price is near the demand zone and preparing for the pull back rally.

Technical levels

Resistance levels: $0.06000 and $0.08550

Support levels: $0.04000 and $0.03340

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.