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- 1 Oasis Network price prediction (BINANCE: ROSE) shows the price rebounded from the $0.049655 support level.
- 2 The ROSE coin price increased by 1.96% over the last 24 hours and 8.88% over the past week.
- 3 At press time, Oasis Network trades at $0.05087, and the 52-week price range is $0.08160 – $0.04159.
Oasis Network (BINANCE: ROSE) is a platform that protects privacy and enables open finance and ethical data usage. It is a Layer-1 blockchain network that can run dApps compatible with EVM with high speed, low cost, and security.
The maximum market capital of Oasis Network (BINANCE: ROSE) is $508,733,448, based on the assumption that all 10 Billion ROSE tokens are available today. This is a statistical representation of the fully diluted valuation (FDV) of Oasis Network crypto, as reported by Coingecko, a crypto data and information website. The actual market cap may be lower, depending on how the ROSE tokens are released over time.
Oasis crypto plummeted 0.23% in market value and by 19.43% in trading volume in the last 24 hours, per Coinmarketcap, a crypto data and info website. Its market value is $291,917,784, and its trading volume is $7,748,393. There are 5,725,718,533 ROSE in circulation.
Oasis Network’s (ROSE) open interest is $9.76 Million. As per Coinglass, a crypto analysis website, it rose by 3.01% in the previous session. The long versus short ratio for 24 hours is 0.981. The total number of short positions added in the last 24 hours is $0 against longs of $9,429.938.
Moreover, the ROSE price rose by 5.50% in the past six months, showing a good performance. Also, the year-to-date return of the ROSE price is positive, with a 49.57% incline.
Oasis Price Technical Analysis in 1-D Timeframe
The Oasis Network price dropped by about 47% in two months from April to June 2023, making lower highs and lower lows from a supply zone near $0.07933 to a demand zone near $0.04189. Then, the ROSE price bounced back from the demand zone and went up by around 31% to $0.05498 by July 14th, 2023, but the coin faced resistance and pulled back for a few days to a minor support level at $0.049655. From there, the ROSE price rebounded again, trading close to $0.05118 at press time.
Moreover, in the long term, the ROSE price seems to be forming an ascending wedge pattern, and we may see it moving up in the short term. However, this bullish trend may not last long as the long-term pattern is bearish. Therefore, as per Oasis price prediction, we can assume that the price may rise in the short term to reach targets one and two, which are $0.05528 and $0.05938, respectively.
Oasis crypto price (ROSE) is above the 50-day EMA (exponential moving average). The 50 EMA is acting as support, pushing the price trend up. However, the price is below 200-day EMAs, implying that the price is trading below in a longer trend. Therefore, Oasis price prediction suggests that the coin price could spike if the buyers accumulate more in the short term.
The MACD line at 0.00035150 and the signal line at 0.00006446 are above the zero line. A bullish crossover is observed. The current value of RSI is 54.62 points, and the 14 SMA is at 50.15 points. The RSI line took support and headed for the overbought zone. Hence, the Oasis price prediction suggests the coin price is bullish.
Conclusion
ROSE coin chart shows investors are bullish regarding the coin on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. Technical parameters of Oasis Network price also support the bullish trend. The major indicators are giving positive signals and imply that the uptrend may continue. Hence, as per Oasis’s price prediction, the coin is bullish.
Technical Levels:
- The nearest support: $0.04624 and $0.04189.
- The closest resistance: $0.05528 and $0.05938.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
