the Oasis Network crypto asset is displaying bullish behavior
The daily chart, between October 2023 and March 10th, 2024, the ROSE price witnessed a bullish market trend, resulting in a significant increase in its value from $0.04000 to $0.18000.
During the last six months, it performed well with a 150.22% gain, but in the past week and month, the price violated the uptrend from the supply level of $0.18000. As a result, the chart showed a weekly decline of -21.67% and a monthly decline of -36.80%, respectively.
However, the ROSE crypto has revealed a sign of possible recovery coming soon on the daily chart, as the price showed sustenance gestures at a crucial support level of around $0.07900.
It is highly likely that the ROSE crypto may witness a substantial surge once again, given that its price had previously skyrocketed from the same level of support. This is largely due to the readiness of the bulls to overcome the resistance level, thereby propelling the asset to new heights from its current support zone.
Technical Indications in the ROSE Crypto
The ROSE asset indicates that its bullish strength is coming back and its capacity to rise is visible on the daily chart. If buyers come into the market, the price of ROSE could potentially surpass the important 20-day and 50-day EMA's from a lower position.
Meanwhile, the Oasis Network crypto asset is displaying bullish behavior as the MACD histogram is not growing, which is at -0.00340 and confirms the sustenance activity. Similarly, the RSI is at 34.04 this highlights that it can extend its gains, as it has turned in the 14-SMA direction in the hopes of breaking it from below.
ROSE crypto has seen an increase of 4.45% in the past 24 hours and is being traded at $0.09946 at this moment of writing.
Therefore, if the demand for the Oasis Network price (ROSE) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.12000 and $0.14000.
In case the price value of ROSE crypto is unable to remain above the level of $0.07900, it may experience a further decrease.
During the last six months, it performed well with a 150.22% gain, but in the past week and month, the price violated the uptrend from the supply level of $0.18000. As a result, the chart showed a weekly decline of -21.67% and a monthly decline of -36.80%, respectively.
However, the ROSE crypto has revealed a sign of possible recovery coming soon on the daily chart, as the price showed sustenance gestures at a crucial support level of around $0.07900.
It is highly likely that the ROSE crypto may witness a substantial surge once again, given that its price had previously skyrocketed from the same level of support. This is largely due to the readiness of the bulls to overcome the resistance level, thereby propelling the asset to new heights from its current support zone.
Technical Indications in the ROSE Crypto
The ROSE asset indicates that its bullish strength is coming back and its capacity to rise is visible on the daily chart. If buyers come into the market, the price of ROSE could potentially surpass the important 20-day and 50-day EMA's from a lower position.
Meanwhile, the Oasis Network crypto asset is displaying bullish behavior as the MACD histogram is not growing, which is at -0.00340 and confirms the sustenance activity. Similarly, the RSI is at 34.04 this highlights that it can extend its gains, as it has turned in the 14-SMA direction in the hopes of breaking it from below.
ROSE crypto has seen an increase of 4.45% in the past 24 hours and is being traded at $0.09946 at this moment of writing.
Therefore, if the demand for the Oasis Network price (ROSE) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.12000 and $0.14000.
In case the price value of ROSE crypto is unable to remain above the level of $0.07900, it may experience a further decrease.