stub Oasis Network (ROSE) Hits a New ATH as 2022 Kicks Off
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Oasis Network (ROSE) Hits a New ATH as 2022 Kicks Off

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The new year has started, and already it has brought a fair bit of activity into the cryptocurrency space. Unfortunately, it did not bring a new market-wide rally as of yet, but that doesn’t mean that there were no opportunities for those looking for ways to earn.

Some coins, such as Oasis Network (ROSE) did see a considerable price surge. Oasis even skyrocketed so high up that it reached a new all-time high, which was a great opportunity for its investors and traders to make a profit.

Oasis in 2021

Oasis has seen plenty of activity last year, and for the most part, it followed a bullish trend throughout the year. Starting in January, its price was climbing from $0.041 to $0.22, which it reached in mid-March. However, this was only a brief breach of a resistance at $0.20, and its price quickly returned below this level. After spending a few months trying to breach it, the price was finally knocked down by a mid-May price crash, and it dropped to a support at $0.05.

Oasis in 2021

After getting to this bottom around May 23rd, the coin then stayed there for about two months before it started growing again. This time, however, it managed to breach the resistance at $0.20, only to be stopped by the next one at $0.25. This level actually caused ROSE price to drop to $0.15 before resuming growth yet again. After growing steadily from late September until mid-November, its price shot up higher than ever.

It reached a new all-time high at $0.45, a resistance that proved to be too strong for it to overcome. Once again, the coin saw a recovery that took it down to $0.30, from where it attempted to surge back up, although it did not get far. It ran into a resistance at $0.35, and its price got rejected to $0.30 again.

After that, the coin tried to surge one last time, only for $0.35 to knock it down once more, and even further than before. This time, ROSE price dropped towards $0.20, before quickly recovering to just above $0.25. This was during the first week of December 2021, and as the days and weeks kept passing, the coin was gathering strength. It had one short surge that tried to take it to $0.35, although with little success, before the price came back to $0.30.

ROSE surges in late December

However, things started to change on December 20th, and while the following surge caught up the entire market, most of the coins were crashing immediately after Christmas. Oasis, on the other hand, started surging with the rest, and then it just kept going.

Starting on December 20th, Oasis kept climbing and breaking one resistance after another, until it finally reached an all-time high as soon as 2022 started. Hitting this level on January 1st, 2022, ROSE price did try to breach it. In fact, it spent the entirety of this year’s first day doing so. Unfortunately, its price was rejected as the rest of the market is trading quite deeply in the red, and ROSE started breaking one small support after another. It broke the one at $0.43, then the one at $0.42, $0.41, until it dropped to $0.40.

Over the last several hours, its price started showing signs of recovery, and it remains to be seen whether or not this level can stop the drop, or if ROSE will have to find another support that can.

To learn more about this token visit our Investing in Oasis Network guide.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.