Join our Telegram channel to stay up to date on breaking news coverage
Oasis Network price rose 15% in the last 24 hours to trade at $0.0573 at 4:48 am EST. Investors’ attention is on this network’s native crypto, ROSE, as evidenced by a 200% increase in trading volume over the past day. The token skyrocketed alongside other cryptocurrencies as altcoins followed the king of cryptocurrencies, bitcoin, in its move north.
crypto?src=hash&ref_src=twsrc%5Etfw”>#CRYPT It’s going off! Wear https://t.co/Zx21aEbhhj to find where the COINS move. Cryptocurrency Tracking with HIGH Buyers and Movement in PRICE!btc?src=hash&ref_src=twsrc%5Etfw”>#btc eth?src=hash&ref_src=twsrc%5Etfw”>#eth #GHOST #UNI #PINK #AUNT #SUN #MANNA #INJ #QTUM #NEO #COMP #SNX #NEAR #SAND #CRV #COURT #AVAX #FTM #CSPR pic.twitter.com/pfCShfINYj
– Marko Omcryptokus (@omcikusmarko) November 2, 2023
Perpetual traders in particular are having a good day at the office with ROSE, taking advantage of the strong boom.
Binance Futures#PINK/ #USDT Profit Objective 3
Profit: 108.1717%
Period: 1 Day 14 Hours 25 Minutes– Signal.guyyy01 (@Crypto_guy000) November 2, 2023
This is indicated by the notable increase in open interest, registering a 50.8% increase in 24 hours. To put this in perspective, the total number of open long and short positions increased from $8.50 million on November 1 to $12.82 million on November 2. This corresponds to a volume that suggests new capital is flowing into the ROSE market. This is a bullish fundamental.
Oasis Network price generates optimism on shorter and longer time frames. The weekly period in particular shows that the altcoin is heading to collect sell-side liquidity after testing the weekly support.
$ROSE#PINK/USDT Daily time frame analysis.
The price touches the weekly support level and rises, seeking liquidity on the sell side and retesting the previous resistance level.
+20% so far, the bullish movement has just started and more is expected to reach the full target +137%#PINK #ROSEUSDT crypto?src=hash&ref_src=twsrc%5Etfw”>#CRYPT pic.twitter.com/PJn5z61EF4– Main Trading (@Pr1meCrypto) November 2, 2023
Oasis Network Price Forecast with Bullish Decider in Play
There is a bullish decider at play for the daily chart of ROSE against the stablecoin Tether (USDT). This comes after Oasis Network price broke out of a supply zone extending from $0.0501 to $0.0535. The move was confirmed above the median threshold of $0.0520, as indicated in the chart below.
From a technical point of view, there are two forces at play, indicated by the Relative Strength Index (RSI). Firstly, the momentum indicator shows that ROSE is massively overbought, with the RSI at 79. This hints at an imminent correction. Secondly, the northward orientation of the RSI shows that momentum continues to increase.
As long as the RSI remains in a northerly direction, Oasis Network price will continue to rise, potentially extending beyond the psychological level of $0.0600 to reach the resistance level of $0.0634. In a very ambitious case, the rally could extend until the altcoin breaches the psychological level of $0.0700 before testing the resistance level of $0.0794. Such a move would constitute a 38% increase above current levels.
The Awesome Oscillator (AO) is in positive territory, with large volumes of green histogram bars, suggesting that the bulls are leading the ROSE market. This adds credibility to the bullish thesis.
On the other hand
If the bullish switch fails to hold as support, Oasis Network price could fall. In such a directional bias, confirmation of the downtrend would occur once the market value of ROSE falls and closes below the mid-threshold of $0.0520.
The aforementioned move could clear the drain for Oasis Network to fall towards the psychological level of $0.04500 or worse, fall into the clutches of the descending parallel channel by turning the support at $0.0421 into a resistance.
In the most severe case, Oasis Network could spiral down to the midline of the channel, testing this support level at $0.0370. Such a measure would mean a drop of 35% compared to the current level.
On the other side of the fence, bitcoin Minetrix appears poised to explode after surpassing the $3 million mark in pre-sale sales. Its internal project and power token, BTCMTX, is currently available for purchase at a standard rate of $0.0114. Notably, this price will only increase over the next four days before the next stage brings a higher price.
Exciting announcement #BitcoinMinetrix It has raised over $3,000,000! pic.twitter.com/Hs2063y9tJ
—Bitcoinminetrix (@bitcoinminetrix) November 1, 2023
Promising alternative to the Oasis network
bitcoin Minetrix is a new mining staking cryptocurrency pre-sale that has the eyes of chart-watching analysts, influencers, traders, and investors. According to experts, the project has the potential to record 10x growth upon launch, with some labeling it as the future of cloud mining.
Its hallmark includes transparency, autonomy and security, while providing a reliable bitcoin mining avenue even for ordinary people.
#BitcoinMinetrix envisions a rejuvenated cloud mining environment that aligns stakeholders and cloud mining.
With transparency, autonomy and security, #BitcoinMinetrix aims to be a pioneer in tokenized cloud mining, offering a reliable solution $btc mining avenue for everyone. pic.twitter.com/4Vh03aonId
—Bitcoinminetrix (@bitcoinminetrix) October 30, 2023
Investors who wish to participate early in this pioneering mining staking project can do so by visiting the bitcoin Minetrix website. The BTCMTXC token is available for purchase using ethereum (eth), Tether (USDT), or your bank card.
#BitcoinMinetrix Stage 5 is now available! pic.twitter.com/OIZcFFIUeX
—Bitcoinminetrix (@bitcoinminetrix) November 2, 2023
As a side note, the bitcoin Minetrix ecosystem is easy to understand. Its dashboard is easy to operate and does not require any technical knowledge or experience to operate. Buy and stake your BTCMTX to earn mining credits.
When you burn or redeem credits, you get mining hash power in return. The project has decentralized and tokenized the entire process, thus putting control in the hands of the token holder. This technique has also put scammers out on the street, as it has eliminated third parties.
Presenting #BitcoinMinetrixthe revolutionary cloud mining solution that allows people to participate in #Decentralized $btc mine easily.
With the risks of third-party cloud mining removed, users enjoy complete control over their mining activities.#bitcoin Mining pic.twitter.com/BV7BE7AfKs
—Bitcoinminetrix (@bitcoinminetrix) November 1, 2023
Visit the bitcoin Minetrix website to pre-sell BTCMTX here.
Also read:
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
Join our Telegram channel to stay up to date on breaking news coverage
