Oasis

April

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>ROSE crypto was trading close to $0.138 registering a fall of 2.4%.&nbsp;</a></li>
 <li><span>2</span> <a>The daily chart illustrates the formation of a rising parallel channel pattern.</a></li>
</ul>
<p>The ROSE crypto remains depressed below the recent supply of $0.154 as traders lack directional impetus on Friday. The price hovers below the 20-day exponential moving average and is struggling for a firm footing near the 50-day EMA.</p>
<p>Moreover, the daily chart illustrates the formation of a bearish flag pattern with the Oasis Network price hovering near the lower boundary of the pattern. At press time, the ROSE<a href="https://www.thecoinrepublic.com/2024/01/29/cryptocurrencies-to-observe-in-february-manta-shib-and-ftt/" target="_blank" rel="noopener noreferrer nofollow"> cryptocurrency </a>was trading close to $0.138, recording an intraday fall of 2.4%.</p>
<p>The short term trend outlook has weekend after the price made a breakdown below the 20-day EMA. However, the bulls are struggling to find grounds near the 50-day EMA.&nbsp;</p>
<p>Further breakdown may be anticipated as a trend reversal in the short term and the price may register a decline towards the 200-day EMA.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-rose-crypto-stabilizes-at-the-lower-side-as-volatility-drops-strong"><strong>ROSE Crypto Stabilizes At The Lower Side As Volatility Drops</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (ROSE), Price Volatility 1w (ROSE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=oasis-network&amp;pt=ROSE&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_hOTFUTWfTB1O&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bprice_volatility_1w&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%23FF5B5B&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>The above chart depicts the volatility in the price of ROSE crypto along with the change in price. The analysis of ROSE price vs volatility shows that the volatility was low in January and the price was also trading at the lower levels.</p>
<p>However, in February the ROSE price demonstrated a consolidation whereas the volatility dropped indicating a rise in the volume and a breakout was noted on the charts.</p>
<p>Recently, the volatility decreased after the Oasis Network crypto noted a fall from the monthly highs.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-social-volume-and-social-dominance-draws-a-positive-curve-strong"><strong>Social Volume And Social Dominance Draws A Positive Curve!</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (ROSE), Social Volume (ROSE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=oasis-network&amp;pt=ROSE&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_hOTFUTWfTB1O&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%235275FF%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social volume and social dominance of the Oasis Network chart displays a positive trajectory. It highlights the rising interest and awareness of the social media users of the ROSE cryptocurrency among the social media users.</p>
<p>The social media users include users engaging from the various social media platforms like X, Telegram etc. The more engagement of the social users suggests the gaining popularity of Oasis Network among the public.</p>
<h2 class="wp-block-heading" id="strong-rose-crypto-technical-outlook-strong"><strong>ROSE Crypto Technical Outlook</strong></h2>
<p>ROSE cryptocurrency has broken below the 20-day exponential moving average and is trading near the 50-day EMA suggesting a weak technical outlook. The short term trend may turn bearish if the crypto breaks below the 50-day EMA.</p>
<p>Also, at the time of writing, the RSI line was hovering below the mean line at 44.25 points. The 14-day SMA line was placed at 45.98 points. Both the RSI and SMA line were hovering below the mean line suggesting a bearish outlook. Also, a bearish crossover of both the lines was observed on the charts which further adds confirmation to it.</p> <iframe loading="lazy" title="Santiment Chart: Price (ROSE), RSI 1d (ROSE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=oasis-network&amp;pt=ROSE&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_hOTFUTWfTB1O&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Brsi_1d&amp;wax=0%3B1&amp;wc=%23317945%3B%234f60ce&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22__appliedInterval%22%3Atrue%2C%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-rose-crypto-price-forecast-april-2024-strong"><strong>ROSE Crypto Price Forecast April 2024</strong></h2> 
<p><a href="https://in.tradingview.com/chart/ROSEUSD/68QdPkkV-ROSE-Price-Prediction/" rel="noopener noreferrer nofollow"></a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>The analysts have a wide range of price targets for April 2024. The most optimistic view of analysts assumes the price could advance to a high of $0.182 suggesting a potential gain of over 32.17%. The lower price target which the crypto could attain as per the analysts is $0.120 if it breaks below the 50-day EMA.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The ROSE crypto price dropped below the 20-day EMA and delivers weakness in the short term. The daily chart illustrates the formation of a bear flag pattern. The price currently hovers near the lower boundary of the channel.0</p>
<p>Now, the trend outlook is neutral to positive until the crypto is maintained in the channel. However, the breakdown below the lower boundary may indicate a trend reversal and a short term fall is anticipated.</p>
<h4 class="wp-block-heading"><strong>Technical levels:</strong></h4>
<ul>
 <li>Support Levels: $0.138 and $0.120</li>
 <li>Resistance Levels: $0.154 and $0.182</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Will ROSE Crypto Succeed In Resurgence Or Fail From Its Ground?

Table of Contents

Thecoinrepublic.com

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