The Oasis Network price was stretching upwards on Friday, showing positive gains by the afternoon. The buyers are playing aggressive bullish bets for the last couple of sessions after the crypto took support near the 20-Day EMA placed on the daily chart.
At the time of writing, the ROSE crypto was at $0.119 recording an intraday gain of 3.55%. It has a market capitalization of $805.2 Million and ranks 83rd among all cryptos. The volume to market cap ratio is 6.24%, suggesting mild volatility.
The ROSE crypto is edging higher after losing in the earlier sessions of the week. The crypto is heading to close the week in green for three consecutive weeks. The buyers have regained control of the trend which may help the crypto attain higher levels.
On the upper side, the $0.125 level may act as a hurdle for buyers as it has been acting as a recent supply zone. Once the buyers are able to surpass it, it may indicate a short-term trend reversal towards the bullish side. Thereafter, upward trajectory may be observed on the charts.
Oasis Network Trend Analysis
The long-term trend rests on the bullish side above all the key exponential moving averages (20, 50 and 200-Day EMAs). The price chart witnessed volatility in the recent weeks. However, the crypto price has been edging higher in recent months.
ROSE crypto surged from a low of $0.04 in October to a high of $0.15 in January 2024 thus gaining over 200$ return. Crypto has turned out to be a multibagger for the crypto investors and traders in recent months.
In the recent weeks, the crypto entered a short-term correction phase and declined and found support from the lower demand zones, and is about to break out of the correction phase.
Now, fresh upside moves might be observed if the crypto breaks out of its correction phase with high volume and sustains above it. Any breakout above the recent swing high level of $0.125 may indicate a short-term bullishness in the trend.
Oasis Network Price Prediction For February 2024
The positive view of analysts predicts an upside potential of over 15.14% by February end, which could take the Oasis Network price above the $0.141 mark. On the other hand, the bearish view of analysts predicts that the price could drop near the $0.108 level and 50-Day EMA.
Oasis Network Price Prediction for 2024
The price prediction for 2024 shows that the Oasis Network may advance to a high of $0.202 by the end of 2024. The less optimistic analysts estimate a price target of $0.163 by the end of the year.
Oasis Network Price Prediction for 2025
As per the most positive view of our analysts, the price may hit the $0.285 mark, suggesting an upside potential of 134.01% by 2025. The pessimistic view is that the price could reach $0.208 by the end of the financial year 2025.
Disclaimer
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.
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.
Source: https://www.thecoinrepublic.com/2024/02/09/oasis-network-crypto-analysis-is-rose-set-to-grow-in-2024/