The cryptocurrency Oasis Network, also known as ROSE, has reached a new all-time high in price. The currency is currently trading at $0.383 and its market cap is near $6 billion while holding more than 10% of the total volume on Binance.
The “rose coin all time high” is the highest point in the history of the cryptocurrency. It was hit on December 31, 2022.
The new year has begun and there has already been a lot of action in the cryptocurrency world. Unfortunately, it hasn’t yet led to another market-wide surge, but that doesn’t mean there weren’t opportunities for those who want to take advantage.
Some currencies, such as Oasis Network (ROSE), saw significant price increases. In fact, Oasis soared to a new record, presenting a fantastic opportunity for its investors and traders to capitalize on it.
Oasis will be a fact in 2021.
Last year there was a lot of activity in Oasis and for the most part it followed a positive trend. The price has risen steadily since January, from $0.041 to $0.22 in mid-March. However, this was only a temporary break from a USD 0.20 resistance level, and the price quickly slid below it. After months of trying to break through, the price was finally brought down by a price crash in mid-May, below a support level of $0.05.
The coin stayed at this bottom for nearly two months after reaching it around May 23, before starting to rise again. However, it managed to break through the barrier at $0.20 this time, but was stopped by the next hurdle at $0.25. The price of ROSE currently fell to $0.15 before the uptrend started. The price rose higher than ever after a gradual rise from late September to mid-November.
It hit a new all-time high of $0.45 but encountered resistance that was too strong to overcome. The currency experienced a recovery that plunged it to $0.30, from which it attempted to skyrocket but failed to get very far. It hit a barrier at $0.35 and the price was rejected again, this time to $0.30.
After that, the coin tried one more time to gain, but was knocked down again by $0.35, much further than before. The price of ROSE dropped to just $0.20 this time, before quickly returning to something around $0.25. It was the first week of December 2021 and the currency gained momentum as the days and weeks passed. Before returning to $0.30, it had a short rally that tried, but failed, to bring it to $0.35.
At the end of December, ROSE reaches new heights.
However, on December 20, things started to shift, and although the ensuing boom swept the market, most of the coins collapsed just after Christmas. Oasis, on the other hand, started to rise with the others and then moved on.
From December 20, Oasis continued to rise, breaking one barrier after another until it hit an all-time high once the year 2022 began. The ROSE price attempted to break through this level on January 1, 2022. In fact this did all the first day of the year. Unfortunately, as the rest of the market is trading in the red, the price was rejected and ROSE started breaking one small support after another. It shattered that of $0.43, then that of $0.42, $0.41, and finally $0.40.
The price has started to recover in recent hours and it remains to be seen if this level will stop the decline or if ROSE will have to look for another support.
Visit our Investing in Oasis Network guide to learn more about this cryptocurrency.
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