Oasis Network Price Analysis: Will ROSE maintain above $0.058


  • ROSE has its next resistance at $0.064.
  • Support for the bears has been established at $0.058
  • Oasis Network is presently valued at $0.059
  • ROSE price flashes signs of bearishness on 7-days price chart.

03 October 2022 : 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 -1.34 percent, bringing the entire cryptocurrency market to $938,674,107,757. The total trading volume stands at $53,771,713,429. Bitcoin shares 39.72 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,449.78 level after an upward movement of 1.29%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.85 percent reaching to $1,321.44 during the previous 24 hours.
While publishing this blog, BNB traded at $287.58, following a price change of 1.59% within the same time frame. XRP the native coin of XRP is down by -1.56 and currently trading at $0.45. Additionally, Cardano reached $0.43 after seeing a uplift of 0.31% 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 $0.064 Support Level 1 $0.058
Resistance Level 2 $0.067 Support Level 2 $0.055
Resistance Level 3 $0.070 Support Level 3 $0.052

Oasis Network Performance

The current Oasis Network price is $0.059, with a trading volume of $23,073,877.00 in the past 24-hours. Currently, ROSE is down by -0.54% since yesterday with a market capitalization of $298,634,308.00 USD.

Oasis Network Price Analysis

ROSE price analysis for 03 October 2022 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) 0.061 Sell
Exponential Moving Average (10) 0.061 Sell
Simple Moving Average (20) 0.060 Sell
Exponential Moving Average (20) 0.060 Sell
Simple Moving Average (50) 0.066 Sell
Exponential Moving Average (50) 0.066 Sell

The relative Strength Index (RSI) indicates that the ROSE coin is in heading towards overbought zone, as RSI is at 57. While ROSE’s Williams %R indicator is at -46.107 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. 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. ROSE has a nearest resistance of $0.064. A bullish breakout in this resistance level would boost the uptrend momentum. The buyers could then target the resistance R2 placed at $0.067. Alternatively, if the investors turn against the Oasis Network (ROSE), the bears might control the market and take ROSE price below the crucial support level of $0.058.

Conclusions

As of now, Oasis Network is not doing well and is trading in reddish zone. In order to invest in the digital currency, crypto investors want to see the ROSE move into the positive zone. In 2022 and beyond, the Oasis Network price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.