Oasis Network Price Prediction – Will ROSE Price Hit $2 in 2022?

This Oasis Network (ROSE) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ROSE price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, ROSE is perhaps one of the most surprising for some. It is not directly connected to the crypto king Bitcoin, nor is it the most hyped digital currency today. But for those that are aware, ROSE has been around since 2020.

Can ROSE reach $2 in 2022? We will find out shortly. But before we proceed to our ROSE price prediction, let us first answer the question “What is Oasis Network (ROSE)?” in this ROSE price prediction 2022 article.

What is Oasis Network (ROSE)?

Oasis Network is a privacy-enabled, scalable blockchain built for decentralized finance and a responsible, user-owned data economy.

With high scalability and privacy-preserving architecture, Oasis Network aims to power private scalable Decentralized Finance (DeFi) — expanding early adopters and traders to a mass market. Its privacy features also create a new type of digital asset called Tokenized Data that allows users to take control of their data and earn rewards for staking it.

Another thing is, the Oasis ParaTime scaling architecture supports fast transaction speed, large workloads, and high scalability by separating execution from consensus. To support a rich ecosystem of applications and use-cases, Oasis Network lets anyone create their own ParaTime. This model is similar to how Avalanches displays various subnets or how Polkadot secures and connects independent Parachains. Although, unlike Parachain, a ParaTime does not need to do consensus itself. This makes ParaTime simpler to develop and more integrated into the network in the big picture.

The core developer of the Oasis Network is called Oasis Labs. This was founded in 2018 by Dawn Song from the University of California at Berkeley. The development team raised $45 million from 16z crypto, Polychain Capital, and Binance Labs to support initial protocol development.

Currently, the Oasis Network is running a release candidate for Mainnet which is the Amber Network. Hence, this remains to be one of the cryptocurrencies to look for in 2022. With that said, is Oasis Network a good cryptocurrency to invest in this 2022? Let’s find out in this ROSE price prediction 2022 article.

Oasis Network (ROSE) Current Market Status

As of the time of writing this Oasis Network price analysis, ROSE trades at $0.253 with a 24-hour trading volume of $89,107,797, according to CoinMarketCap. The price of ROSE has decreased by 4.81% in the last 24 hours.

Furthermore, ROSE has a current circulating supply of 3.49 billion ROSE. Currently, the top cryptocurrency exchanges for ROSE are Binance, Gate.io, KuCoin, CoinTiger, and ZT. Now, let’s proceed to the next part of this ROSE price prediction for 2022.

Oasis Network (ROSE) Price Analysis

Currently, Oasis Network holds 136th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ROSE blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ROSE price prediction article.

In the chart above, which is set in a daily time frame, we can see the Ascending Channel pattern. An Ascending channel is the price action that takes place in a downward direction through a sloping parallel line. Also, the chart displays the higher highs and higher lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, OKB turned from its bull to bear trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) of ROSE points at level 45.96, this means that ROSE is at an overbought state. In this case, traders and investors can confidently trade without worrying about any major price reversal.

Therefore, traders must trade crypto wisely and should not be affected by the market hype. Keeping all this in mind, traders can move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ROSE.

Since the start of 2022, ROSE’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ROSE has a competitive market this 2022.

Oasis Network (ROSE) Price Prediction 2022

The chart below shows that ROSE has performed great over the past few days. However, the ROSE price shows a bullish signal. If this trend continues, ROSE might run along with the bulls, breaking its $0.795 resistance level and go higher.

Conversely, if the investors do not favor crypto, the bears might take over and pull ROSE from its uptrend position. In simpler terms, the price of ROSE might decrease to almost $0.2, a bearish signal.

Meanwhile, our long-term ROSE price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.465 this year. Moreover, ROSE can hit ATH only if it breaks many previous psychological resistances.

Oasis Network (ROSE) Price Prediction 2023

If this bullish trend continues, ROSE will reach $2.5 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $3. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $2.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Oasis Network (ROSE) Price Prediction 2024

If ROSE holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $5, making it not plummet but play consistently.

Oasis Network (ROSE) Price Prediction 2025

As per the latest upgrades, developments, ROSE price prediction, and new project forecasts of the platform, ROSE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ROSE in the crypto market, and it will be the best investment as the price can spike and reach around $10.

Oasis Network (ROSE) Price Prediction 2026

In the next four years, ROSE prices could race up to $15. However, reaching this level could not be so difficult for ROSE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ROSE has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Oasis Network has a bright future ahead of it in 2022. With the ongoing developments happening within the ROSE system, as well as in the overall cryptocurrency market, we may see ROSE reach new heights.

Bullish ROSE price prediction 2022 is $0.75. As said above, it may even reach $2 if investors have decided that ROSE is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

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