In this technical analysis of the Oasis Network, we’ll delve into the current price action, trading volume, key levels, and indicators for ROSE-BTC. The Oasis Network is a privacy-focused blockchain that leverages cutting-edge technologies such as zk-SNARKs and homomorphic encryption to safeguard user data. Its innovative consensus algorithm enables fast and secure transactions while maintaining decentralization, ensuring seamless interactions with other blockchains through its interoperability features.
Oasis Network Price Overview:
As of July 19, 2024, Oasis Network is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ROSE-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 74,420.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Oasis Network reached a daily high of around 0.0 BTC.
- Low (L): The daily low for ROSE-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Oasis Network is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.39% |
| 3D Change (%) | 0.71% |
| 7D Change (%) | 5.19% |
| 30D Change (%) | -4.05% |
| 90D Change (%) | -12.88% |
| YTD Change (%) | -56.31% |
Over the past three days, ROSEBTC has experienced a notable increase of approximately 0.71%, indicating heightened market volatility. This upward trend continued throughout the week, with a gain of around 5.19%, suggesting growing investor interest. A 30-day analysis provides a more comprehensive view, revealing that ROSEBTC has maintained a downward trajectory of approximately -4.05%, despite occasional fluctuations. Looking at the last 90 days, ROSEBTC has witnessed a significant decline of around -12.88%, reflecting a loss of long-term confidence. Year-to-date, ROSEBTC has steadily depreciated by approximately -56.31%.
Oasis Network Live Chart:
You can access a live price chart for ROSE-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.47919.
- Momentum score is -0.1125.
ROSE BTC Technical Analysis
Oasis Network Trading Volume:
The trading volume for Oasis Network (ROSE) over the past 24 hours has been insignificant, with approximately 74,420.00 BTC traded against ROSE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ROSE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Oasis Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ROSE-BTC is currently in the neutral zone, around 46.40329. This suggests that Oasis Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Oasis Network’s (ROSE-BTC) short-term momentum appears to be trending bearishly, with key support and resistance levels currently in focus for traders and investors. It is essential to monitor the BTC monthly resistance level and the BTC support level closely, as they may present potential trading opportunities. Furthermore, the neutral RSI reading and insignificant trading volume are indicative of a sideways movement that could persist.
Explore Oasis Network’s (ROSEBTC) bullish trends at 1.42e-06 BTC, supported by strong fundamentals and promising indicators, as revealed in technical analysis.
Explore more with our thorough insights on ROSE USDT Oasis Network Technical Analysis — an essential read if you enjoyed the content of this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.