Can Oasis Price (ROSE) Show gains Amid Improved Sentiments?

3 июл.

Can Oasis Price (ROSE) Show gains Amid Improved Sentiments?
The Social metrics have grown in the recent sessions indicating an improved sentiment in the community.
The bulls need to surpass the key 200 day EMA in order to reclaim control over the trend.

Oasis price seemed to be struggling in order to reclaim bullish territory above the 200 day Exponential moving average. The recent sessions have recorded an improvement in the Oasis price after bouncing back from the demand zone.

However, The prevailing weakness in the market leaders like Bitcoin and Ethereum has also dented the recent gains of The ROSE crypto dragging it lower in Intraday. At the time of writing, the Oasis crypto was exchanging hands closer to $0.097 marking a 3.08% decline in intraday.

Moreover, there has been a positive development in the social metrics curve indicating a possible improvement in the price on the horizon. Let's decode the possible trajectory of Oasis crypto for the upcoming sessions.
Social Sentiments On The Rise!
The recent sessions recorded a sharp crash in the price in the mid June followed by a recovery after bouncing back from the demand zone. Along with the positive recovery in the price there has been a similar development in the social metrics.

The social metrics like social dominance and social volume curve have exhibited an upward trajectory in the recent sessions indicating an improving sentiment among the community and users.

Moreover, social metrics are an important tool which records the change in activity of the users across social media platforms like X (Twitter) and Telegram. A heightened social metrics generally prints a heightened price on the charts.

Is Oasis Crypto Bullish Or Bearish On The Charts?
The short term trend outlook seemed bearish however, the bulls were observed to be struggling for a trend control in the recent sessions. The selling pressure in intraday reveals that the bears might be returning back. However, the price is still maintained above the recent swing of$0.095 indicating the buyer's establishment at the lower levels.

Now, if the ROSE crypto price slumps below the $0.095 level it may validate a bearish continuation and the price may decline towards the lower levels of $0.089 and $0.081.

Conversely, if the bulls manage to recover again and surpass above the 200 day Exponential moving average marking a bullish reversal in the short term. The RSI and SMA line have withdrawn below the mean line indicating weakness on the charts.
Conclusion.
Oasis crypto's struggle to stay above the 200-day EMA reflects a challenging market. Despite taking rebound from a demand zone, the short-term outlook still seemed to be bearish. Social metrics recorded a positive development in the recent sessions.

However, the intraday selling pressure suggests that the bears might be returning back. However the bulls may attempt for recovery until the price is maintained above the recent support of $0.095. A break below the recent support could lead to further declines to $0.089 and $0.081.

Furthermore, A bullish shift requires the price to surpass and sustain above the 200-day EMA. Also, the RSI and SMA lines were placed below the average point to market weakness.