The price of the Oasis Network’s native cryptocurrency, ROSE, has increased by 15% in the last 24 hours, reaching $0.0573. This surge in price has been accompanied by a significant increase in trading volume, indicating growing investor interest in ROSE. The token’s rise can be attributed to the overall positive market sentiment towards cryptocurrencies, with altcoins following Bitcoin’s upward movement.
Perpetual traders who have invested in ROSE are particularly benefiting from this price increase. The open interest for ROSE has also seen a significant boost, rising by 50.8% in just 24 hours. This suggests that new capital is flowing into the ROSE market, which is a bullish sign.
On a technical level, the Oasis Network price chart against Tether (USDT) stablecoin shows a bullish breaker in play. The price broke past a supply zone and confirmed its move above a mean threshold. The Relative Strength Index (RSI) indicates that ROSE is currently overbought but still shows upward momentum.
If the bullish breaker fails to hold as support, the Oasis Network price could drop. In this scenario, the price could fall towards psychological support levels or even enter a descending parallel channel.
In other news, Bitcoin Minetrix, a stake-to-mine crypto project, has raised over $3 million in presale sales. The project aims to provide transparent and secure cloud mining options for Bitcoin. Investors interested in participating can purchase BTCMTXC tokens on their website using Ethereum (ETH), Tether (USDT), or their bank card.
Bitcoin Minetrix offers an easy-to-use dashboard for users to buy and stake BTCMTX tokens for mining credits. By eliminating third parties and decentralizing the process, users have more control over their mining activities.
Overall, both Oasis Network and Bitcoin Minetrix present promising opportunities for investors in the crypto market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.