Oasis

Show

Gains

<ul class="list-ic vertical"> 
 <li> 1 <a>The Social metrics for Oasis (ROSE) have grown in recent sessions indicating an improved sentiment in the community.</a> </li> 
 <li> 2 <a>The bulls must surpass the key 200 day EMA to reclaim control over the trend.&nbsp;</a> </li> 
</ul> 
Oasis price was struggling to reclaim bullish territory above the 200 day exponential moving average. Recent sessions recorded an improvement in the Oasis price after bouncing back from the demand zone. 
The prevailing weakness on the chart of the market leaders including Bitcoin and Ethereum affected the ROSE chart. At the time of writing, ROSE was exchanging hands at $0.097, marking a 3.08% intraday decline. 
Moreover, there has been a positive development in the social metrics curve indicating a possible improvement in the price on the horizon. Let’s decode the possible trajectory of Oasis crypto for the upcoming sessions.&nbsp; 
<h2 class="wp-block-heading" id="strong-social-sentiments-on-the-rise-strong">Social Sentiments on the Rise!</h2> 
The recent sessions recorded a sharp crash in price mid June followed by a recovery after bouncing back from the demand zone. Along with the recovery, there was a similar development in the<a href="https://www.thecoinrepublic.com/2024/05/15/bitcoin-social-metrics-on-decline-will-btc-break-below-50k/" target="_blank" rel="noreferrer noopener"> social metrics</a>. <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=2024-04-02T18%3A30%3A01.973Z&amp;dt=2024-07-03T18%3A29%3A59.973Z&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> 
The social metrics including social dominance and social volume curve exhibited an upward trajectory in recent sessions reflcting an improving sentiment among the community and users. 
Moreover, social metrics are an important tool which record the change in activity of the users across social media platforms like X and Telegram. Heightened social metrics generally correspond to a heightened price on the chart. 
<h3 class="wp-block-heading" id="strong-is-oasis-crypto-bullish-or-bearish-strong">Is Oasis Crypto Bullish or Bearish?&nbsp;</h3> 
The short-term trend outlook is bearish, as the bulls struggled for control in recent sessions. However, the price is still above the recent swing high of $0.095 indicating the buyers’ presence at the lower levels.&nbsp;  
<a href="https://in.tradingview.com/chart/ROSEUSD/anbS4kiP-Can-Oasis-Price-ROSE-Show-gains-Amid-Improved-Sentiments/"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a> &nbsp; <a href="https://in.tradingview.com/"> </a>  
Now, if ROSE slumps below $0.095, it may validate a bearish continuation and the price may decline towards $0.089 and $0.081.&nbsp; 
Conversely, if the bulls recover again and surpass the 200 day exponential moving average marking a bullish reversal in the short term, the RSI and SMA line would withdraw below the mean line, reflecting weakness on the chart. 
ROSE struggled to stay above the 200-day EMA highlighting the challenging market conditions. Despite rebounding from a demand zone, the short-term outlook was bearish. Social metrics recorded a positive developments in recent sessions. 
The bulls may attempt a recovery until the price is above the recent support of $0.095. A break below the recent support could lead to further declines to $0.089 and $0.081.&nbsp; 
Furthermore, a bullish shift would require the price to surpass and sustain above the 200-day EMA. Also, the RSI and SMA lines were placed below the average, reflecting weakness. 
<h4 class="wp-block-heading">Disclaimer</h4> 
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.

Can Oasis Price (ROSE) Show Gains Amid Improved Sentiments?

Obsah

Thecoinrepublic.com

Ďalšie články zverejnené 4. 7. 2024

XRP Lawsuit: SEC Strikes Back At Ripple With Bold New Filing

Aave Protocol GHO Stablecoin Takes Flight on Arbitrum

Analysts Put Weight Behind BlockDAG as the Next Crypto to Hit $1 in 2024 as BCH Price Declines & ...

Enterprise-Grade Integration: Deutsche Telekom MMS Boosts Subsquid’s Network with Dedicated Nodes

New SEC framework mandates Nigerian crypto companies to have physical offices in Nigeria, among o...

Bitcoin (BTC) Slips Below $60K: Will Altcoins Surge or Crash? Key Metrics to Watch

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!