Oasis Network (ROSE) Hits a New ATH as 2022 Kicks Off
The cryptocurrency Oasis Network, otherwise known as ROSE, has hit a new all-time high in price. The currency is currently trading at $0.383 and its market cap is near the USD 6 billion mark while holding over 10% of 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 31st, 2022.
The new year has begun, and there has already been a lot of action in the cryptocurrency world. Unfortunately, it hasn’t yet resulted in a fresh market-wide surge, but that doesn’t mean there weren’t any possibilities for those wanting to profit.
Some currencies, like as Oasis Network (ROSE), saw significant price increases. Oasis even soared to a new all-time high, providing a fantastic chance for its investors and traders to benefit.
In 2021, Oasis will be a reality.
Last year, there was a lot of activity in Oasis, and for the most part, it followed a positive trend. Its price has been steadily increasing since January, rising from $0.041 to $0.22 in mid-March. However, this was just a temporary breakthrough of a resistance level of $0.20, and the price rapidly dropped below it. After months of attempting to break through, the price was ultimately brought down by a price crash in mid-May, dropping below a support level of $0.05.
The currency sat at this bottom for nearly two months after reaching it around May 23rd, before starting to increase again. However, it managed to break over the barrier at $0.20 this time, only to be halted by the next obstacle at $0.25. ROSE’s price dropped to $0.15 at this point before starting its upward trend. Its price rocketed up higher than ever after progressively increasing from late September to mid-November.
It hit a new all-time high of $0.45, but ran into resistance that was too powerful to overcome. The currency experienced a recovery that sent it down to $0.30, from which it tried to rocket back up, but could not go very far. It hit a barrier at $0.35, and its price was rejected once again, this time to $0.30.
After that, the coin attempted one more surge, only to be knocked down by $0.35 once again, and much farther than before. ROSE’s price fell as low as $0.20 this time, before swiftly rebounding to slightly around $0.25. It was the first week of December 2021, and the currency was gaining power as the days and weeks passed. Before returning to $0.30, it had a brief rally that attempted, but failed, to carry it to $0.35.
Late in December, ROSE reaches new highs.
However, on December 20th, things began to shift, and although the subsequent boom swept the market, most of the coins crashed just after Christmas. Oasis, on the other hand, began rising with the others and then continued going.
Starting on December 20th, Oasis continued to soar and break over one barrier after another until it achieved an all-time high as soon as the year 2022 began. ROSE price attempted to break over this level on January 1st, 2022. In fact, it did so for the whole first day of the year. Unfortunately, since the rest of the market is trading in the red, its price was rejected, and ROSE began breaching one minor support after another. It shattered the one at $0.43, then the ones at $0.42, $0.41, and finally $0.40.
Its price has begun to rebound in recent hours, and it remains to be seen whether or not this level will arrest the decline, or whether ROSE will have to look for another support.
Visit our Investing in Oasis Network guide to learn more about this cryptocurrency.