ROSE BTC Oasis Network Technical Analysis

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By Frans van Elst

Oasis Network logo 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 privacy-focused blockchain that utilizes cutting-edge technologies such as zk-SNARKs and homomorphic encryption to protect user data. With its innovative consensus algorithm, ROSE enables fast and secure transactions while maintaining decentralization. Oasis Network’s interoperability features allow for seamless interactions with other blockchains, further expanding its potential use cases.

Oasis Network Price Overview:

As of May 18, 2024, Oasis Network is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ROSE-BTC:

Consider bearish sentiment for Oasis Network (ROSEBTC) at 1.37e-06 BTC as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 307,192.00
  • 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 (%) -1.44%
3D Change (%) 3.79%
7D Change (%) -2.14%
30D Change (%) -9.27%
90D Change (%) -42.44%
YTD Change (%) -57.85%

Over the past three days, ROSEBTC has risen by approximately 3.79%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.14%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ROSEBTC maintaining a downward trend of approximately -9.27%, despite intermittent fluctuations. Examining the last 90 days, ROSEBTC has witnessed substantial drop of approximately -42.44%, reflecting strong long-term confidence. Year-to-date, ROSEBTC has steadily dropped by around -57.85%, 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 0.38631.
  • Momentum score is -0.12179.

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 307,192.00 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 37.09282. 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 insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Oasis Network (ROSEBTC) at 1.37e-06 BTC as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Unlock additional insights on ROSE USDT Oasis Network Technical Analysis with our detailed analysis; a must-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.

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