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- 1 ROSE crypto price witnessed a surge of 4.55% in the last 24 hours.
- 2 Oasis network break above 20 EMA heading toward 50 EMA.
ROSE crypto witnessed buyers’ presence as rose price surpassed key moving averages of 50, 100, and 200-day EMA showcasing bullishness on the 4-hour timeframe. Rose crypto volume is increased by 69.75%, which is $10,961,411 Million, and a 3.91% increase in the market cap of 273.836 Million.
ROSE price prediction suggests that the Oasis Network crypto is presently moving on an uptrend after breaking out of the bear’s stronghold in a short timeframe. The price is trying to breach critical EMAs on the daily timeframe. The volume is seeing an incline which indicates that there is a rise in buying and selling activity.
Oasis Network is trying to breach the 50 EMA level in the 1-day time frame. If the price gains buyers’ support at the present level, it can see a surge within the next few weeks. The price movements are relevantly more stable for Oasis Network crypto than other major cryptocurrencies.
The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the key EMAs, which would put the anticipated outcomes in the bulls’ favor
Technical Analysis of ROSE Crypto Price in 1-D Timeframe
The present value of Oasis Network is $0.04185639, and it has a market capitalization of around $273.836 Million (press time). The ROSE price has been trading above key moving averages on the 4H timeframe and above 20 EMA on the daily timeframe. After making a breakout, Oasis Network’s crypto price has been finding consistent support from the bulls from the trendline. Observing the historical price action, it can be estimated that the 200 EMA level has been acting as a crucial demand zone for a daily time frame.
If it can keep this level, the ROSE price could continue to go up and reach the first and second targets of $0.04670118 and $0.05359275. However, if the Oasis Network price cannot maintain this level and falls, then it might hit the closest support levels of $0.03510824 and $0.03040687.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the ROSE price is expected to move upward, giving bullish views over the daily time frame chart.
The current value of RSI is 55.96 points. The 14 SMA is above the median line at 43.57 points which indicates that the ROSE crypto is bullish. The MACD line at -0.00047847 and the signal line at -0.00093050 are heading towards the zero line. A bullish crossover is observed in the MACD indicator, which signals strength in the momentum of the Oasis Network crypto price.
Summary
ROSE technical oscillators also support the bullish trend. The MACD, RSI, and EMA are highlighting positive signs and imply that the uptrend may continue in the Oasis Network crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, Investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
- Support Levels: $0.03510824 and $0.03040687.
- Resistance Levels: $0.04670118 and $0.05359275.
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 own research before making any financial decisions
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.
