What do the Short-Term Technicals Predict for Oasis Network (ROSE) Friday?

Friday, January 13, 2023 02:42 PM | InvestorsObserver Analysts

InvestorsObserver gives Oasis Network a strong short-term technical score of 89 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. ROSE has currently traded better than 89% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Oasis Network a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Oasis Network!

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Trading Analysis

ROSE is currently $0.009226 (27.54%) above its 30-day low of $0.033495396 and -$0.002438 (-5.40%) below its 30-day high of $0.04515913. Additionally, ROSE is above its average price of $0.037386768 over the past month of trading with its current price of $0.042721443. Overall, the recent trading history of Oasis Network suggest that traders are currently bullish on the token. ROSE has a relatively average market cap for a token with a total market value of $244,610,955.65. The market valuation for Oasis Network is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ROSE sits underneath that mark but remains above $100 million in market capilization. Oasis Network's average volume meanwhile is average with $136,926,054.30 worth of the token traded over a typical 24 hour period. The volume for ROSE is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, ROSE's volume is below its average with $26,710,316.48 exchanged. Oasis Network's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

Oasis Network's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Oasis Network (ROSE).