Oasis Network (ROSE) price analysis

hello everyone and welcome to my Channel today I'll discuss about Oasis native token row and I'll provide an update of price analysis using trading view I'll put a link into the description down below my previous video about this token if you like the content make sure to subscribe to my channel it helps a lot this channel to grow and it helps in YouTube algorithm you can give this video a thumbs up and you can leave a comment into the comment section down below okay so let's get started today it is 24th June 2024 and right now Oasis Rose it is at about 0.09 or9 the market cap it is around 6477 million us and it's situated on 105 position here on qu market cap and the volume in the last 24 hours it is around 19.64% us and it's situated on 235 position here on coin market cap and um since the last time uh you can see that the market uh it has been falling a little bit uh the market cap and the volumes are pretty different from my previous video especially the volume in the last 24 hours I think uh this one has a lot of room to grow okay and let's go to the Chart uh on trading view we have uh oas's Network paired with US dollar or Rose paired with US dollar at one day and the chart it is from crypto and uh since uh 10 March 2024 you can see that uh we have uh here a correction and let's measure this overall correction it is uh almost uh minus 60% in 34 days and also we have a flash crash that it is specific to almost all Al coins in this time period from uh 10 11 or 12 April and in this case we have a flash crash that it is minus 45% in uh 4 days okay that is huge and after that we had a sideways movement and we have also a pump we have an increase of let's see almost 70% in 28 days after that uh we have a decrease in price we have right now a correction and uh that's the whole situation on all crypto Market exception Bitcoin and ethereum you can see that uh total three if you exclude also usdt and usdc you can see that uh the candles if you put this uh formula in a trading view we can see that it is an aurr direction also if you put the total 3 minus usdt minus usdc all divided by Bitcoin you can see that the candles have a minimum level a lower level so all altcoins are bleeding against Bitcoin Bitcoin right now attracts the most capital in the market that's the reality all altcoins right now are in bare market and uh that's the situation we like it or not and uh let's go further I put here the 20 and 200 100 daily simple moving averages and uh as we are expecting the price right now it is below those two levels uh the candles stood above the 200 daily simple moving average uh since October 2023 went Below on that flash crash tested as a resistance we have a rejection and uh managed to go above when we had that uh pump that I just measured a few minutes ago and right now we are below last time I put here the 100 simple moving average and uh it is uh a similar situation you can see very clearly that right now the price it is below 100 daily simple moving average but I believe if we want to keep the market structure bullish I think it is important to reach the 200 daily simple moving average and you all know that this is the average price of this token in the last 200 days a pump from uh the actual level to the 200 daily sample moving average it will be an increase of uh 29% it will be possible or not you can leave some comments into the comment section down below and tell me exactly what are you thinking right now 200 daily SMA [Music] 0.151 okay let's uh look on other indicators here on daily stochastic RSI and RSI both of them are bearish moreover stochastic RSI it's oversold okay okay let's uh move on another time frame on weekly we can see clearly that both stochastic RSI and RSI are bearish stochastic RSI at the first glance has a little uh turn upwards but you can see that those two moving averages here are intersecting and this is a bearish signal from my point of view RSI it is bearish let's look on the 10 weekly simple moving average and uh as I told you last time in my previous video the market structure kept Above This 10 weekly simple moving average very very well but after 10 April we can see that we have the first candle that went below this level tested as a resistance we have a rejection a few weeks ago went above and right now we are still below let's look also on 20 weekly simple moving average I personally consider this indicator an important one that tells us if the price momentum is bullish or bearish clearly right now the price momentum is bearish the candles tested two weeks ago this uh 20weekly simple moving average and here we can see that we have a rejection from this level it is important to reach and exceed this level to keep the market structure bullish this is similar to 200 daily simple moving average and even the actual levels are pretty similar right now 20 weekly SMA it is at 0.1156 an increase from the actual level to 20 weekly SMA it will be around 29% so very similar to 200 daily simple moving average let's look for curiosity at the 50 weekly SMA and as you can see here this one plays as a support we had the last week candle that uh touched this level and hold above it and right now we are at about the same level with the 50 SMA you can see very very very clearly here so that's the reality if the price will fall even further I believe that the next support it will be somewhere between 0.08 and 0.075 somewhere around this I put this green line at 0.077 and fall from the actual level to 0.077 it will be not such a big deal minus 133% we will see what will happen Okay and uh that's the current situation with row it is in bare market like most altcoins I see some potential in this token because uh it is linked to artificial intelligence you can check all the details by simple search online the purpose of this video it is to analyze the price and for now let's go to bitcoin and discuss a little bit what's going on right now Bitcoin it is at 61k you can see that it is in a correction and moreover it is below the 50 daily simp simple moving average if you look back to the end of 2020 and the first half of 2021 you can see that bitcoin's price stood above the 50 daily simple moving average and that was a bullish momentum but what it is absolutely clear it is that since 7 June 2024 the price went down and we have by now since then a correction of- 15% According to some uh of the voices from uh YouTube we are still in a bull market despite the fact that uh we have uh basically a sideways movement since uh February or March this year and let's look also on bitcoin dominance it is important for all altcoin market right now Bitcoin dominance it is at 54.97 it is uh an increase since November 2022 and kept above the 20 weekly simple moving average since December 2022 so it is in a bullish momentum kep above the this level the 20weekly SMA and that's the whole situation that is one of the causes that altcoin market have to suffer that's the whole situation today what do you think about row do you have in your portfolio do you believe in this token uh that will perform well in the next Alo season you can leave some comments into the comment section down below thank you guys for joining me here today don't forget to like share subscribe if you enjoy this it helps a lot this channel to grow and until next time time be well and see you soon take care