Oasis Network Price Analysis: ROSE Crypto Continues To Fall After Reversal, What Are The Speculations?

  • After making huge gains throughout the daily price chart, the price of the Oasis Network is now experiencing corrections.
  • ROSE Crypto is trading above the 20-, 50-, and 100-day daily moving average.
  • The ROSE/BTC pair is at 0.000004393 BTC with an intraday decline of 5.37%.

On the daily price chart, the price of Oasis Network has increased significantly. The token has gained a lot throughout the daily price chart, but is currently down due to pressure from short sellers. To return to the next level, the ROSE cryptocurrency must attract more customers. To allow the ROSE currency to rise to the top of the range, the bulls must push each other to the maximum in the meantime. In order for the token to retake the daily price chart, the ROSE bulls must accumulate.

The price of Oasis Network is currently estimated at $0.1012, and in the last 24 hours it has lost 8.71% of its market value. The intraday trading session saw a 34.47% decline in trading volume. This demonstrates that the bears are capturing the token and dragging it down. The volume to market capitalization ratio is 0.2196.

The price of ROSE is trying to climb higher than the daily price chart. For the token to top the board, a significant number of buyers are needed. However, the change in volume is below normal and in favor of the bears for ROSE. To give the ROSE currency momentum for a rally, volume must push towards the bulls.

What do technical indicators suggest about ROSE?

To move higher than the daily price chart, the price of the PINK currency must attract buyers. Technical signs indicate the downward trajectory of the ROSE coin.

The Relative Strength Index presents the downtrend momentum of the PINK coin. The RSI is at 68 and is coming back from overbought territory. MACD presents the bearish momentum of the coin ROSE. The MACD line moves back towards the signal line for a negative crossover.

Conclusion

On the daily price chart, the price of Oasis Network has increased significantly. The token has gained a lot throughout the daily price chart, but is currently down due to pressure from short sellers. To return to the upper level, PINK cryptocurrency needs to attract more customers. However, the change in volume is below normal and in favor of the bears for ROSE. Technical signs indicate the downward trajectory of the ROSE coin. The MACD line moves back towards the signal line for a negative crossover.

Technical levels

Support levels: $0.085 and $0.075

Resistance levels: $0.1080 and $0.116

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only, and they do not constitute financial, investment or other advice. Investing in or trading crypto assets involves the risk of financial loss.

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