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- 1 The Rose crypto price is trading in the bullish zone, indicating bullishness.
- 2 Oasis Network is trading above the key moving averages, showcasing bulls’ presence in the price.
The Rose crypto is trading in the bullish zone, showcasing the bullishness in the price. Last week, the price rose by approximately 32.57%; last month, it grew by 57.01%, showing the bulls are dominating the bears.
About The Oasis Network (ROSE)
Oasis is the leading privacy-enabled and scalable layer-1 blockchain network. It blends high capacity and low gas fees with protected architecture to offer a next-generation foundation for Web3 and will strengthen DeFi, GameFi, NFTs, Metaverse, Data tokenization, and Data DAOs.
Oasis pushes web3 ahead, scaling it and evolving it from infancy to maturity. Endorsed by top industry backers, Oasis latterly announced the $235 Million Ecosystem Fund to promote projects to build on the network.
Oasis Labs, the ecosystem technical backer, has associated with the likes of Meta, BMW Group Genetica, and others to construct platforms and products that further particular privacy protection, data governance, and responsible data use.
ROSE Price Overview
As per the data of CoinGecko, Oasis Network’s cryptocurrency had a trading volume of $106,392,963 in the last 24 hours, indicating a recent decline in market activity by 20.10% from the previous day.
The highest price ever registered for ROSE was $0.5973, which occurred on January 15, 2022, approximately two years ago. Currently, the price is 73.56% lower than its all-time high.
On the other hand, the lowest price ever paid for ROSE was $0.03201, recorded over three years ago, on November 26, 2020. The current price is 393.56% higher than the all-time low price, showing a significant increase in value.
The market capitalization of ROSE is $1,063,644,709, and it has experienced a price increase of 29.60% in the last seven days.
Furthermore, the fully diluted valuation (FDV) of ROSE is $1,580,500,695, representing the highest market cap, assuming the maximum number of 10 Billion ROSE tokens are in circulation today. However, it may take several years before FDV is realized, depending on how the ROSE token emission schedule is designed.
Technical Analysis of the Oasis Network Crypto on the Daily Time Frame
Oasis Network crypto showed buyers’ strength and daily charts showed favorable outcomes in crypto. Moreover, the price is trading above the major EMAs, indicating further strength in the cryptocurrency.
The RSI line is close to 60, a positive zone, with a bullish outlook reflecting bullish sentiment in the cryptocurrency. The MACD indicator continued to show green bars and a bullish crossover appeared, showing a bullish move.
Summary
In the daily time frame, the Oasis Network crypto showcases bullishness, and several technical indicators support this outlook. The RSI curve has climbed up from the oversold region, illustrating a bullish divergence. It indicates a positive outlook for the upcoming trading sessions.
Technical Levels
Support Levels: $0.12148.
Resistance Levels: $0.16000.
Disclaimer
This article is for informational purposes only and provides no 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
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
