ROSE USDT 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-USDT. Oasis Network (ROSE) is a privacy-focused blockchain that leverages cutting-edge technologies like zero-knowledge proofs and homomorphic encryption to protect user data. With ROSE, users can enjoy secure and private transactions without sacrificing the speed and scalability of their network. Additionally, Oasis Network’s novel consensus algorithm ensures that the network is highly secure and resistant to 51% attacks.

Oasis Network Price Overview:

As of May 15, 2024, Oasis Network is trading at approximately 0.08636 USDT. Let’s dive into the detailed price action for ROSE-USDT:

Understand Oasis Network’s (ROSEUSDT) challenges at 8.64e-02 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.08122
High (H) 0.08695
Low (L) 0.08061
Close (C) 0.08636
Volume (C) 36,962,972.30
  • Open (O): The opening price for today’s trading session was approximately 0.08122 USDT.
  • High (H): Oasis Network reached a daily high of around 0.08695 USDT.
  • Low (L): The daily low for ROSE-USDT was approximately 0.08061 USDT.
  • Close (C): At the time of analysis, Oasis Network is trading near its daily close of 0.08636 USDT.
Metric Value
1D Change (%) 6.33%
3D Change (%) 3.57%
7D Change (%) -3.01%
30D Change (%) -6.27%
90D Change (%) -30.21%
YTD Change (%) -37.12%

Over the past three days, ROSEUSDT has increased by approximately 3.57%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ROSEUSDT maintaining a downward trend of approximately -6.27%, despite intermittent fluctuations. Examining the last 90 days, ROSEUSDT has witnessed substantial fall of approximately -30.21%, reflecting strong long-term confidence. Year-to-date, ROSEUSDT has steadily decreased by around -37.12%, 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-USDT 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 0.50125.
  • Momentum score is -0.12979.

ROSE USDT Technical Analysis

Oasis Network Trading Volume:

The trading volume for Oasis Network (ROSE) over the past 24 hours has been insignificant, with approximately 36,962,972.30 USDT 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-USDT is currently in the low zone, around 40.70451. This suggests that Oasis Network is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Oasis Network (ROSE-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Understand Oasis Network’s (ROSEUSDT) challenges at 8.64e-02 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Dive into the details with our in-depth analysis on ROSE BTC Oasis Network Technical Analysis; you won’t want to miss it if you found this post interesting.

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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