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


  • Oasis Network’s EMA(10) shows a upward trend.
  • The current trading volume of Oasis Network is at $49,730,349.00.
  • ROSE/USD medium term support stood at $0.047.
  • ROSE/USD is confronted with resistance level of R1 at 0.060 dollars.

28 March 2024 : 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 $2,655,466,473,503. The total trading volume stands at $106,138,220,289. Bitcoin shares 52.29 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $70,597.89 level after an upward movement of 1.96%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.06 percent reaching to $3,559.60 during the previous 24 hours.
While publishing this blog, BNB traded at $582.87, following a price change of 2.02% within the same time frame. SOL the native coin of Solana is up by 1.24 and currently trading at $185.20. 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 PriceAnalysis Market Index, Oasis Network (ROSE) is trading at $0.15 with a trading volume of $49,730,349.00. However,ROSE has seen a price increase of 10.49% in the last 24 hours.ROSE price changes -11.82% over the week with a total market capitalization of $999,388,637.00 USD.

Oasis Network Price Analysis

ROSE price analysis for 28 March 2024 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 Buy
Exponential Moving Average (10) 0.057 Buy
Simple Moving Average (20) 0.058 Buy
Exponential Moving Average (20) 0.058 Buy
Simple Moving Average (50) 0.060 Buy
Exponential Moving Average (50) 0.060 Buy

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.

Conclusions

ROSE price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Oasis Network to make a one directional move to make a good entry in the market.