Oasis Network Price Prediction 2021 – Will ROSE Hit $0.3 Soon?
- Bullish ROSE price prediction ranges from $0.12 to $0.23.
- ROSE price might also reach $0.3 soon.
- ROSE bearish market price prediction for 2021 is $0.05.
In Oasis Network price prediction 2021, we use statistics, price patterns, RSI, and much other information about ROSE to analyze the future movement of the cryptocurrency.
Oasis Network is a privacy-focused smart contract platform for open finance and a responsible data economy. The Oasis Network can Tokenize Data, unlocking game-changing use cases for blockchain. ROSE is the native utility token for the Oasis Network. It is used for staking and delegating on the Oasis Consensus Layer and for smart contract operations.
According to CoinGecko, the ROSE price is trading at $0.1104 with a 24-hour trading volume of $35,941,365 at the time of writing. Moreover, ROSE has increased by 2.46% in the last 24 hours.
However, ROSE has a circulating supply of 1.50B ROSE. Currently, ROSE trades in cryptocurrency exchanges such as Binance, CoinTiger, ZT, KuCoin, and Gate.io.
Oasis Network (ROSE) Price Prediction 2021
Oasis Network (ROSE) holds the 51st position on CoinGecko right now. ROSE price prediction 2021 is explained below with a daily time frame.
The above chart shows the Descending Triangle Pattern. It is a continuation pattern that develops in the middle of a downtrend. The descending triangle pattern, created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. A descending triangle is the reversal of an ascending triangle pattern, which is another trend line-based chart pattern.
In the weekly time frame chart, if the price of the ROSE breaks the resistance level of $0.11, it will reach the target of $0.23. Or else, if the price of the ROSE breakout will fall to the support level at $0.06. So, the trend of the ROSE is based on the breakout.
Oasis Network (ROSE) Support and Resistance Level
The below chart shows the support and resistance level of ROSE.
From the above daily time frames, it is clear the following are the resistance and support levels of ROSE.
- Resistance Level 1 – $0.12
- Resistance Level 2 – $0.18
- Resistance Level 3 – $0.23
- Support Level 1- $0.06
- Support Level 2 – $0.05
- Support Level 3 – $0.02
The charts show that ROSE has performed a bullish trend over the past month. If this trend continues, ROSE might run along with the bulls overtaking its resistance level at $0.23.
Accordingly, if the investors turn against the crypto, the price of the ROSE might plummet to almost $0.05, a bearish signal.
Oasis Network (ROSE) Average Directional Index (ADX)
Now let’s see the average directional index (ADX) of ROSE. Generally, the Average Direction Index (ADX) helps traders determine the strength of a trend, rather than its actual direction. It can used to determine whether the market is changing or a new trend is starting. It is associated with the Directional Movement Index (DMI) and includes the ADX line.
Furthermore, the range of the oscillator is from 0 to 100. A high value indicates a strong trend, and a low value indicates a weak trend. It is often combined with directional indicators.
The above chart shows the ADX of ROSE stays above the range of 58, so it indicates a very strong trend.
Conclusion
The ROSE is one of the cryptos that keeps its ground against the bearish market. Hence more, our long-term ROSE price prediction for 2021 is bullish. It has a huge possibility f overtaking its current all-time-high (ATH) of $0.245930 this year. More so, this will only happen if it breaks many past psychological resistances.
Henceforth, with the ongoing developments and upgrades within the ROSE ecosystem, it could experience a great future ahead in 2021. It may reach $0.23 soon and it might even reach high heights, however reaching $0.3, if investors have planned that ROSE is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
