Oasis Network Price Prediction 2022 – Will ROSE Hit $1 Soon?

  • Bullish ROSE price prediction is $0.278 to $0.61050.
  • The ROSE price will also reach $1 soon.
  • ROSE bearish market price prediction for 2022 is $0.08.

In Oasis Network’s (ROSE) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about ROSE to analyze the future movement of the cryptocurrency. 

Oasis Network Current Market Status

According to CoinGecko, the price of ROSE is  $0.20 with a 24-hour trading volume of $114,118,130 at the time of writing. However, ROSE has decreased nearly 12.8% in the last 24 hours.

Moreover, ROSE has a circulating supply of 3,490,000,000 ROSE. Currently, ROSE trades in cryptocurrency exchange such as Binance, Mandala Exchange, CoinTiger, KuCoin, and Gate.io.

What is Oasis Network (ROSE)?

Oasis Network (ROSE) is a privacy-focused layer 1 blockchain built for open finance and a responsible data economy using the Cosmos SDK. Oasis Network (ROSE) is built to support a high level of scalability, low gas fees, and token monetization. It also aims to advance privacy features in order to facilitate the use of sensitive data within DeFi.

It achieves scalability by the separation of consensus and execution, thereby allowing multiple ParaTimes to process transactions in parallel and preventing simpler transactions from slowing down more complex ones. On the Oasis Network, nodes are required to use a type of secure computing technology called a TEE, which acts as a hypothetical black box for smart contract execution in a confidential ParaTime. 

Oasis Network (ROSE) Price Prediction 2022

Oasis Network holds the 107th position on CoinGecko right now. ROSE price prediction 2022 is explained below with a daily time frame.

The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish, although it appears after a bearish trend. The falling wedge pattern works as both a trend work as a trend reversal and trend continuation pattern. If the falling wedge appears in a downtrend, it is considered a reversal pattern. 

A falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.

Currently, ROSE is in the range of $0.20. If the pattern continues, the price of ROSE might reach the resistance level of $0.594. If the trend reverses, then the price of ROSE may fall to $0.08.

Oasis Network (ROSE) Support and Resistance Level

The below chart shows the support and resistance level of ROSE.

ROSE/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of ROSE.

  • Resistance Level 1 – $0.365
  • Resistance Level 2 – $0.61
  • Support Level 1 – $0.238
  • Support Level 2 – $0.140
  • Support Level 3 – $0.08

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 $0.61.

Accordingly, if the investors turn against the crypto, the price of the ROSE might plummet to almost $0.08, a bearish signal.

Oasis Network Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of ROSE is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of ROSE lies below the cutoff line, indicating weaker participants in the current trend.

More so, the ROSE’s Moving Average (MA) is shown in the chart above. Currently, ROSE is in a bearish state. Notably, the ROSE price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of ROSE at any time.

Meanwhile, the relative strength index (RSI) of the ROSE is at level 33.43. This means that ROSE is in a nearly oversold state. However, this means a major price reversal of ROSE may occur in the upcoming days. So, traders need to trade carefully. 

Oasis Network Price Prediction 2022 — ADX, RVI

Let us now look at Oasis Network Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Oasis Network. Currently, ROSE lies in the range of 20.99, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of ROSE. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of ROSE lies below the 50 levels, indicating that the direction of volatility is low. In fact, ROSE’s RSI is at 33.43 level thus confirming a potential sell signal.

Comparison of ROSE with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Oasis Network.

BTC Vs ETH Vs ROSE Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and ROSE is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and ROSE also increases or decreases respectively.

Conclusion

With continuous improvements in the Oasis Network network, we can say that 2022 is a good year for ROSE. For this reason, the bullish price prediction of Oasis Network in 2022 is $0.61. On the other hand,  the bearish ROSE price prediction for 2022 is $0.08.

Furthermore, with the advancements and upgrades on the ROSE ecosystem, the performance of ROSE would help to reach above its current all-time high (ATH) $0.594 very soon. But, it might also reach $1 if the investors believe that ROSE is a good investment in 2022.

FAQ

1. What is Oasis Network?

Oasis Network (ROSE) is a privacy-focused layer 1 blockchain built for open finance and a responsible data economy using the Cosmos SDK.

2. Where can you purchase ROSE?

ROSE has listed on many crypto exchanges which include Binance, Mandala Exchange, CoinTiger, KuCoin, and Gate.io. 

3. Will ROSE reach a new ATH soon?

With the ongoing developments and upgrades within the ROSE platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Oasis Network?

On Jan 15, 2022, ROSE reached its new all-time high (ATH) of  $0.597347.

5. Is ROSE a good investment in 2022?

Oasis Network (ROSE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ROSE in the past few months, ROSE is considered a good investment in 2022.

6. Can Oasis Network (ROSE) reach $1?

Oasis Network (ROSE) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Oasis Network (ROSE) will hit $1 soon.

7. What will be the ROSE price by 2023?

Oasis Network (ROSE) price is expected to reach $2.7 by 2023.

8. What will be the ROSE price by 2024?

Oasis Network (ROSE) price is expected to reach $4 by 2024.

9. What will be the ROSE price by 2025?

Oasis Network (ROSE) price is expected to reach $5.9 by 2025.

10. What will be the ROSE price by 2026?

Oasis Network (ROSE) price is expected to reach $7 by 2026.

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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