Oasis Network (ROSE) is a privacy-enabled and scalable layer-1 blockchain network that aims to power Web3 applications such as DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs. ROSE is the native token of the network, used for transaction fees, staking and delegation.
In this article, we will look at the daily price action along with the weekly analysis and news roundup of rose crypto.
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ROSE Crypto Price Prediction
ROSE is currently trading at $0.125159. The market cap of ROSE is $840mn. The 24-hour trading volume of ROSE is $76mn, with most of the volume coming from Binance, Coinbase and Huobi Global. The circulating supply of ROSE is 6,729,795,897, out of a total supply of 10,000,000,000.
Let’s have a look at the chart below for trend analysis:
After breaking the descending triangle. We can see a well upward movement. Currently, it has broken the horizontal Resistance and retested successfully. From here, it can give a good bounce.
Weekly Price Analysis
In the past week, ROSE has been trading in a range of $0.1097 to $0.1235 , showing some consolidation after the massive rally in January. The weekly and daily Relative Strength Index (RSI) both support the continuation of the upward movement, as they are above 50 and not overbought.
The next resistance levels for ROSE are at $0.14 and $0.18. On the other hand, the next support levels for ROSE are at $0.10 and $0.08.
News Roundup
Here are some of the latest news and updates related to ROSE and the Oasis Network:
- Oasis Network Launches Cipher ParaTime, Enabling Confidential Smart Contracts: A press release announcing the launch of the Cipher ParaTime, a new layer that enables confidential smart contracts on the Oasis Network, powered by Intel SGX technology.
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