ROSE Technical Analysis | Oasis Network - Bull Run Ahead Of $0.50

Oasis Network (ROSE) is a privacy-oriented Layer 1 blockchain developed to promote the open economy of finance as well as a sustainable data economy by using the Cosmos SDK. It is created by Dawn Song and is an extremely rare instance of a blockchain-based company that was created by an individual woman. 

The live ROSE token price today is $0.48 with an intraday trading volume of $718,211,224.03. The coin price is up by 23% in the last 24 hours. With a live market cap of $1.66 Billion, the coin ranks in the Top 100 Cryptocurrency in the world.

In the last ROSE technical analysis, the breakout of the falling channel and a reversal from the horizontal level at $0.32 indicated the start of a bull run. Coming true, the coin price breaks above the previous high of $0.45. The coin price has increased by 30% in the past 36 hours leading to a follow-through candle of an extremely bullish candle. 

Let’s have a deepened insight into the technical analysis of ROSE Token and see what the indicators have to say about it.

The ROSE coin price shows higher price rejection from $0.50 as the buying pressure failed to sustain. However, the 100% jump in the intraday trading volume suggests the possibility of increasing buying pressure to surpass $0.50.

The crucial EMAs (50, 100, and 200) show a bullish alignment as the price rises above all the daily EMAs. Moreover, the constant support from the 20-day EMA helps maintain the uptrend.