Oasis Network Price Prediction: ROSE Rises 14% But This Bitcoin Alternative Might Explode

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The Oasis Network price is up 15% in the last 24 hours to trade at $0.0573 as of 4:48 AM EST. Investor attention is on the native crypto for this network, ROSE, evidenced by a 200% increase in trading volume over the last day. The token shot up alongside other cryptocurrencies as altcoins followed the king of crypto, Bitcoin, in its move north.

#CRYPTO is shooting up! Use https://t.co/Zx21aEbhhj to find where COINS are moving. Track crypto with HIGH buyers and moving in PRICE!#BTC #ETH #AAVE #UNI #ROSE #TIA #SOL #MANA #INJ #QTUM #NEO #COMP #SNX #NEAR #SAND #CRV #WOO #AVAX #FTM #CSPR pic.twitter.com/pfCShfINYj

— Marko Omcryptokus (@omcikusmarko) November 2, 2023

Perpetual traders in particular are having a good day in the office with ROSE, taking advantage of the hard pump..

Binance Futures#ROSE/ #USDT Take-Profit target 3 ✅
Profit: 108.1717% 📈
Period: 1 Days 14 Hours 25 Minutes

— Signal.guyyy01 (@Crypto_guy000) November 2, 2023

This is indicated in the remarkable surge in open interest, recording a 50.8% increase in 24 hours. To put this in perspective, the total number of open long and short positions increased from $8.50 million on November 1 to $12.82 million on November 2. This corresponds to a volume suggesting new capital is flowing into the ROSE market. This is a bullish fundamental.

Oasis Network Open Interest — ROSE Open Interest

Oasis Network price spurs optimism on shorter and longer timeframes. The weekly timeframe in particular shows the altcoin heading up to collect sell-side liquidity after testing the weekly support.

$ROSE #ROSE/USDT Daily timeframe analysis.
Price touch the Weekly Support level and Rally up, going for Sell Side Liquidity and retesting Old Resistance level
+20% so far, Bullish move just started expecting more to go for Full target +137%#ROSE #ROSEUSDT #CRYPTO pic.twitter.com/PJn5z61EF4

— Pro Crypto Signals (@Pr1meCrypto) November 2, 2023

Oasis Network Price Prognosis With A Bullish Breaker In Play

A bullish breaker is in play for ROSE’s daily chart against the Tether (USDT) stablecoin. This comes after the Oasis Network price shattered past a supply zone extending from $0.0501 to $0.0535. The move was confirmed above the mean threshold at $0.0520 as indicated in the chart below.

From a technical standpoint, there are two forces in play, indicated by the Relative Strength Index (RSI). First, the momentum indicator shows ROSE is massively overbought, with the RSI at 79. This hints at an impending correction. Second, the orientation of the RSI to the north shows momentum is still rising.

As long as the RSI remains northbound, Oasis Network price will continue rising, potentially stretching past the $0.0600 psychological level to tag the $0.0634 resistance level. In a highly ambitious case, the climb could extend for the altcoin to foray into the $0.0700 psychological level before testing the $0.0794 resistance level. Such a move would constitute a 38% climb above current levels.

The Awesome Oscillator (AO) is in the positive territory, with large volumes of green histogram bars, suggesting bulls are leading the ROSE market. This adds credence to the bullish thesis.

On the flip side

If the bullish breaker fails to hold as a support, Oasis Network price could drop. In such a directional bias, the confirmation of the downtrend would happen once ROSE market value drops and closes below the $0.0520 mean threshold.

The aforementioned move could clear the drain for Oasis Network to drop towards the $0.04500 psychological level, or worse, fall into the grasp of the descending parallel channel by flipping the $0.0421 support into a resistance.

In the dire case, Oasis Network could spiral down to the midline of the channel, testing this support level at $0.0370. Such a move would denote a 35% fall from the current level.

On the other side of the fence, Bitcoin Minetrix looks set to explode after breaching the $3 million mark in presale sales. Its in-house project and powering token, BTCMTX, is currently available for purchase at a standard rate of $0.0114. Notably, this price is only up for the next four days before the next stage brings a higher price.

Exciting Announcement 🚀#BitcoinMinetrix has raised over $3,000,000! pic.twitter.com/Hs2063y9tJ

— Bitcoinminetrix (@bitcoinminetrix) November 1, 2023

Promising Alternative To Oasis Network

Bitcoin Minetrix is a new stake-to-mine crypto presale that has analysts, influencers, traders and investors’ eyes peeled to the charts. According to pundits, the project has the potential to record 10X growth at launch, with some labeling it the future of cloud mining.

Its hallmark includes transparency, autonomy, and security, all the while providing a dependable Bitcoin mining avenue even for ordinary folk.

#BitcoinMinetrix envisions a rejuvenated cloud mining environment that aligns stakeholding and cloud mining.

With transparency, autonomy, and security, #BitcoinMinetrix aims to pioneer tokenized cloud mining, offering a dependable $BTC mining avenue for all. 🪙⛏️ pic.twitter.com/4Vh03aonId

— Bitcoinminetrix (@bitcoinminetrix) October 30, 2023

Investors looking to get in early on this pioneer stake-to-mine project can do so by heading over to the Bitcoin Minetrix website. The BTCMTXC token is available for purchase using Ethereum (ETH), Tether (USDT), and or your bank card.

#BitcoinMinetrix Stage 5 is Live! 🔥 pic.twitter.com/OIZcFFIUeX

— Bitcoinminetrix (@bitcoinminetrix) November 2, 2023

As a side note, the Bitcoin Minetrix ecosystem is easy to understand. Its dashboard is simple to operate, not requiring any technical knowledge or expertise to work out whatsoever. Buy and stake your BTCMTX for mining credits.

When you burn or redeem the credits, you get mining hash power in return. The project has decentralized and tokenized the entire process, thereby putting control in the hands of the token holder. This technique has also kicked swindlers to the curb as it has eliminated third parties.

Introducing #BitcoinMinetrix, the revolutionary cloud mining solution empowering individuals to engage in #Decentralised $BTC mining with ease. 💠

With the elimination of third-party cloud mining risks, users enjoy total control over their mining activities.#BitcoinMining pic.twitter.com/BV7BE7AfKs

— Bitcoinminetrix (@bitcoinminetrix) November 1, 2023

Visit Bitcoin Minetrix website to buy BTCMTX in the presale here.