Can ROSE Attain Pullback From $0.1500?

The Oasis price (ROSE) token price witnessed a retracement and sellers are engaging and attempting to push the token toward the 100-Day EMA mark. The price is in a rising wedge formation, forming the higher high swings. If the token slips below the $0.1400, a sharp fall can be seen shortly. Amidst the significant upmove, profit booking at the highs is a nominal move, but the support zone of $0.1400 needs to be secure to maintain the bullishness.

At press time, ROSE was trading at $0.1513 with an intraday drop of 6.02%, indicating neutrality on the charts. It has a monthly return ratio of 22.76% and 133.30% on a yearly basis. The pair of ROSE/BTC is at 0.000225 BTC, and the market cap is $226.52 Million. Analysts are neutral and suggest that ROSE crypto price may reflect volatile swings and will rebound soon.

Oasis Crypto At 50-Day EMA Mark, What’s Next Bounce Or Selloff?

The chart shows that sellers are want to push the token below the 50-Day EMA, forming follow-on bearish candlesticks and signifying the underperformance this week. Additionally, the trading volume also dropped over 25% to $56.80 Million this week, revealing a decline in investor interest. However, the token trades near the crucial trendline support zone of $0.1500 and further selloff may lead to a sharp decline soon.

Price Volatility and Weighted Sentiment Analysis

Per the Santiment data, the price volatility noted a bounce amidst the price decline, revealing that buyers are losing momentum and a further decline may be seen soon.

Moreover, the total weighted sentiment remained on a declining note and dragged by over 20% to a negative value of -0.565, replicating the bearish sentiment.

Social Dominance and Volume Outlook

The Oasis token noted a steep decline and has slipped by over 35% to 0.099%, revealing the drop in the investor interest. Likewise, the social volume witnessed a steady move and the value was noted at 12.

Development Activity and RSI Overview

Following the price retracement, the development activity and the contributors’ count activity noted a significant decline. The development data was noted at 42.20 with a decline of over 8% this week, whereas the contributors count dragged 56% to 5.

The Relative Strength index (RSI) curve noted a negative divergence and the value stayed near the midline. Furthermore, the total supply of the token is 10 billion, whereas the volume to market cap is 0.267.

Summary

The Oasis crypto (ROSE) price witnessed a price retracement and is hovering near the 50-Day EMA mark. Moreover, the token is displaying short buildup activity and is revealing bearish dominance.

Technical Levels

Support Levels: $0.1480 and $0.1400

Resistance Levels: $0.1670 and $0.1700

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. 

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.