In this Oasis Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for ROSE-BTC. Oasis Network is a decentralized blockchain platform that enables the development of scalable, interoperable, and secure applications. With its innovative consensus algorithm and modular architecture, Oasis Network provides a high-performance and flexible infrastructure for building next-generation decentralized applications. By leveraging the power of blockchain technology, Oasis Network empowers developers to create a wide range of use cases, from decentralized finance to gaming and social media platforms.
Oasis Network Price Overview:
As of October 02, 2023, 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) | 2,178,708.00 |
- 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 (%) | -3.85% |
| 3D Change (%) | -3.23% |
| 7D Change (%) | -3.85% |
| 30D Change (%) | -1.96% |
| 90D Change (%) | -10.71% |
| YTD Change (%) | -27.54% |
Over the past three days, ROSEBTC has dropped by approximately -3.23%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ROSEBTC maintaining a downward trend of approximately -1.96%, despite intermittent fluctuations. Examining the last 90 days, ROSEBTC has witnessed substantial decline of approximately -10.71%, reflecting strong long-term confidence. Year-to-date, ROSEBTC has steadily depreciated by around -27.54%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
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 0.25974.
- Momentum score is -0.01961.
ROSE BTC Technical Analysis
Oasis Network Trading Volume:
The trading volume for Oasis Network (ROSE) over the past 24 hours has been significant, with approximately 2,178,708.00 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 low zone, around 44.08282. This suggests that Oasis Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Oasis Network (ROSE-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
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.
