Oasis Network Price Analysis: Will ROSE again Showcase its Potential?

  • Oasis Network’s EMA(10) shows a downward trend.
  • The current trading volume of Oasis Network is at $4,085,617.00.
  • ROSE/USD medium term support stood at $0.047.
  • ROSE/USD is confronted with resistance level of R1 at 0.060 dollars.

24 September 2023 : In this article we will walk you through Oasis Network price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Oasis Network, Is ROSE a good investment? Oasis Network support & resistance levels etc. But before diving deep into the ROSE technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,055,192,935,020. The total trading volume stands at $14,664,124,939. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,608.51 level after an upward movement of 0.12%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.18 percent reaching to $1,595.45 during the previous 24 hours.
While publishing this blog, BNB traded at $210.91, following a price change of 0.03% within the same time frame. XRP the native coin of XRP is down by -0.06 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Oasis Network Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Oasis Network (ROSE)

ROSE Resistance Levels ROSE Support Levels
Resistance Level 1 $0.060 Support Level 1 $0.051
Resistance Level 2 $0.063 Support Level 2 $0.047
Resistance Level 3 $0.068 Support Level 3 $0.043

Oasis Network Performance

According to Price Analysis Market Index, Oasis Network (ROSE) is trading at $0.042 with a trading volume of $4,085,617.00. However,ROSE has a price decline of -0.5% in the last 24 hours.ROSE price changes 3.46% over the week with a total market capitalization of $275,716,642.00 USD.

Oasis Network Price Analysis

ROSE price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Oasis Network.

Moving Averages Price Indicator
Simple Moving Average (10) 0.056 Sell
Exponential Moving Average (10) 0.057 Sell
Simple Moving Average (20) 0.058 Sell
Exponential Moving Average (20) 0.058 Sell
Simple Moving Average (50) 0.060 Sell
Exponential Moving Average (50) 0.060 Sell

The Oasis Network has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take ROSE price below the crucial support level of $0.051. The MACD line is standing below of the signal line after a crossover. Oasis Network investors need to wait for any directional change over the daily chart. The relative Strength Index (RSI) indicates that the ROSE coin is near oversold zone, as RSI is at 38. While ROSE’s Williams %R indicator is at -28.242 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.


According to the Oasis Network (ROSE) price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.