Oasis Network Price Prediction 2021 – Will ROSE Hit $0.3 Soon? The Oasis Network (ROSE) has been very popular recently due to its price increase, however, what is the reason behind the price rise? The developers of the Oasis Network have released a new video outlining the information they have on their current project, which you can view below.
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- The range of bullish ROSE price predictions is $0.12 to $0.23.
- The price of ROSE may potentially hit $0.3 in the near future.
- The price forecast for the ROSE negative market in 2021 is $0.05.
We utilize data, price trends, RSI, and other information about ROSE to evaluate the cryptocurrency’s future movement in Oasis Network price forecast 2021.
Oasis Network is a smart contract platform for open finance and a responsible data economy that prioritizes privacy. The Oasis Network can Tokenize Data, allowing blockchain to be used in game-changing ways. ROSE is the Oasis Network’s native utility token. On the Oasis Consensus Layer, it’s utilized for staking and delegating, as well as smart contract activities.
At the time of writing, the ROSE price was trading at $0.1104 with a 24-hour trading volume of $35,941,365, according to CoinGecko. In addition, ROSE has gained 2.46 percent in the past 24 hours.
ROSE, on the other hand, has a circulation supply of 1.50 billion ROSE. ROSE is currently traded on Binance, CoinTiger, ZT, KuCoin, and Gate.io, among other cryptocurrency exchanges.
Price Prediction for Oasis Network (ROSE) in 2021
On CoinGecko, Oasis Network (ROSE) is now ranked 51st. The price of ROSE in 2021 is forecasted using a daily time period, as shown below.
ROSE/USDT Weekly Time Frame Price Chart (Source: TradingView)
The Descending Triangle Pattern is shown in the graph above. It’s a downward continuation pattern that emerges in the middle. The descending triangle pattern is formed by connecting a series of lower highs with a series of lower lows using one trend line and a second horizontal trend line. The reverse of an ascending triangle pattern, which is another trend line-based chart pattern, is a descending triangle.
If the price of the ROSE breaks through the resistance level of $0.11 on the weekly time frame chart, it will achieve the goal of $0.23. Alternatively, if the price of the ROSE breakthrough falls below the $0.06 support level. As a result, the ROSE’s trend is dependent on the breakout.
Support and Resistance Levels of the Oasis Network (ROSE)
ROSE’s support and resistance levels are shown in the chart below.
Support and Resistance Levels for ROSE/USDT (Source: TradingView)
The resistance and support levels of ROSE are clearly visible in the above daily time frames.
- $0.12 is the first level of resistance.
- $0.18 is the second level of resistance.
- $0.23 is the third level of resistance.
- Level 1 Support: $0.06
- Level 2 Support – $0.05
- Level 3 Support – $0.02
ROSE has been on a bullish trend for the last month, according to the charts. If the current trend continues, ROSE may catch up with the bulls and break over the $0.23 resistance mark.
As a result, if investors turn against cryptocurrency, the ROSE’s price may fall to nearly $0.05, indicating a negative indication.
Average Directional Index of the Oasis Network (ROSE) (ADX)
Let’s look at ROSE’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It contains the ADX line and is linked to the Directional Movement Index (DMI).
Furthermore, the oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators.
The ADX of ROSE remains above the range of 58 in the chart above, indicating a very strong trend.
The ROSE is one of the cryptos that has managed to hold its ground in the face of a negative market. As a result, we have a positive long-term ROSE price forecast for 2021. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.245930. This will only happen if it overcomes numerous previous psychological barriers.
With the continuous improvements and upgrades inside the ROSE environment, the ROSE ecosystem may have a bright future in 2021. It may soon reach $0.23 and even higher levels, but it is more likely to reach $0.3, if investors believe ROSE is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Frequently Asked Questions
What is Rose Crypto?
Rose Crypto is a cryptocurrency for the video game industry.
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The future of WINk coin is unknown.
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