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Oasis Network Price Analysis: What about this Trend Reversal of ROSE Crypto?

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  • Oasis Network price is facing corrections after gaining significantly over the daily price chart.
  • ROSE Crypto has successfully recovered above 20, 50, and 100-days Daily Moving Average.
  • The pair of ROSE/BTC is at 0.000004314 BTC with an intraday gain of 10.49%.

Oasis Network price has gained significantly over the daily price chart. The token is now trading with downtrend momentum as it is facing short-selling pressure after gaining significantly over the daily price chart. ROSE crypto must attract more buyers in order to surge back towards the upper level. Meanwhile, bulls must push their limits to let ROSE coin rise towards the upper range. ROSE bulls accumulation is must to let the token surge back over the daily price chart.

Oasis Network price is presently approximated at $0.1035 and has gained 15.02% of its market capitalization in the last 24-hour period. Trading volume has increased significantly by 390% in the intraday trading session. This shows that buyers are getting involved in the trade to push ROSE coin upwards. Volume to market cap ratio is 0.5403.

ROSE coin price is trying to surge upwards over the daily price chart. The token must attract a significant amount of buyers in order to soar over the chart. However, volume change can be seen below average and in the favor of ROSE bears. Volume must push in favor of bulls to let ROSE coin with uptrend momentum.

Technical Indicators Shows ROSE Making its Return from Overbought Territory

ROSE coin price must gather support from the buyers in order to gain upwards over the daily price chart. Technical indicators suggest the downtrend momentum of the ROSE coin.

Relative Strength Index showcases the downtrend momentum of the ROSE coin. RSI is at 74 and is heading back from overbought territory. MACD exhibits the bearish momentum of the ROSE coin. The MACD line is ahead of the signal line but with a low difference. 

Conclusion  

Oasis Network price has gained significantly over the daily price chart. The token is now trading with downtrend momentum as it is facing short-selling pressure after gaining significantly over the daily price chart. ROSE crypto must attract more buyers in order to surge back towards the upper level. Meanwhile, bulls must push their limits to let ROSE coin rise towards the upper range. However, volume change can be seen below average and in the favor of ROSE bears. Volume must push in favor of bulls to let ROSE coin with uptrend momentum. Technical indicators suggest the downtrend momentum of the ROSE coin.

Technical Levels

Support Levels: $0.085 and $0.075

Resistance Levels: $0.13 and $0.14

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.   

Steve Anderrson

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