Oasis Protocol’s token $ROSE entered the list of top gainers on Monday, with a rise of nearly 4%. The price rise also fueled speculations in the market about the coin’s price hitting $1 by the year-end. The price of Oasis Network’s $ROSE increased along with an increase in trading and transaction volume. It reached its best price since April 12th, rising to $0.12.
Will Oasis (ROSE) Hit $1 By Year End?
With the rise in the prices of Monday, market participants are raising bets on the trajectory of $ROSE for the year-end. More and more people are wondering if the token can pick cues to hit its very essential milestone of $1 a piece by the year’s end. The Oasis price has risen over 14% in the last week, continuing to show strong price activity. In addition, the AI token has increased by 38.58% over the last 30 days, suggesting a favorable influence in the cryptocurrency market.
Positively, the Cross EMA 50/200-day indicates a strong bearish sentiment for the altcoin this week and shows a significant likelihood of a Golden Cross in the 1D time frame. The buying-over-selling pressure in the cryptocurrency market is increasing, as seen by the technical indicator RSI, which is constantly trending upward toward the overbought area. Additionally, the average shows bullish convergence, indicating a promising future for the price of Oasis coins.
The bulls will regain momentum and get ready to target the ROSE price’s upper resistance level of $0.161 if the market keeps it above the support level of $0.11320. On the other hand, a bearish reversal would push the price of Oasis Network this month closer to its critical support level of $0.08775.
However, with analyst predictions prevailing, it seems a bit unlikely for the token to $1 by year-end but definitely in the following trading sessions.
$ROSE Fear and Greed Index Indicates Bullish Momentum
The Fear & Greed Index shows a score of 72 (Greed), and technical indicators indicate that the market mood on Oasis Network is Bullish at 85%. Oasis Network has seen 12./30 (40%) green days and 10.28% price volatility over the previous 30 days.
ROSE price has increased by 14.17% during the past seven days due to a strong rising trend. ROSE has seen a price gain of 38.58% over the past month, adding a massive average of $0.01 to its present worth. Due to its rapid growth, the coin has the potential to rise further and turn into a reliable asset.
