Digital Assets
Oasis Network (ROSE) Shoots Up by 16%: Can it Reach its ATH in 2021?
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With only a few days left before the end of 2021, the crypto market has entered another bullish phase, with cryptocurrencies skyrocketing left and right. Most of the market seems to be trading in the green, and even Bitcoin managed to breach the $50k barrier, which might result in its price surging even higher later on.
Meanwhile, in the altcoin market, there are countless coins that are seeing a much greater increase percentage-wise, such as Oasis Network (ROSE). ROSE price has skyrocketed by over 16% in the last 24 hours alone, and by 47% in the last week. The project seems to be on its way to its former all-time high, and the only question now is: Can it reach it?
In search of an answer, we took a look at its past performances, and this is what we managed to find.
Oasis Network: Price history
Oasis Network is a project that launched in mid-November 2020, with the goal of offering a project that can support a high level of scalability, low gas fees, and token monetization. It also aims to improve privacy features in order to make it possible to safely use sensitive data in the DeFi ecosystem. With its launch taking place at a time when the crypto world was obsessing with DeFi and not much else, the project started doing well without issues.
That, and the fact that it was launched around the time when Bitcoin was leading the crypto sector into its largest bullish period to date.
At the time of launch, ROSE price was at $0.038, and it quickly started trying to go up and breach its first resistance level at $0.5. While it did take several tries and about two months to do it, the project finally managed it around January 15, 2021, although it did not get very far before being stopped by the next resistance at $0.07. This one was breached in the early days of February, however, and Oasis continued its growth.
After breaching a few more levels, Oasis Network’s price finally saw its major break in the first half of March, when it skyrocketed from $0.1 to just below $0.25. At the time, this was the project’s all-time high, and while it did result in a price rejection to $0.15, it wasn’t long before it started seeing another recovery.
Unfortunately, the price recovery was stopped by a resistance at $0.20, and the price was even pushed back towards $0.10 in late April, and then back to $0.04, following a mid-May price crash.
Oasis Network price rebounds after the summer drop
Following its drop to $0.04 in the second half of June, the coin remained relatively stable until late July. At that time, it started a recovery that was steady and consistent, and by early September, it was back to $0.15. In September, a sudden price surge took it up to $0.30, although the price quickly corrected to $0.15 by the end of the month, only to continue its steady increase.
By mid-November, this increase took it to $0.25, and after a brief drop to $0.20, ROSE price skyrocketed faster and higher than ever before, hitting a new ATH at $0.4638 on November 21st.
After this rapid surge, the price immediately corrected to $0.25 by December 6th, only to go up again, this time to $0.32, and correct to $0.25 for the second time. Finding a strong support at this level, the price managed to conduct one last price surge in 2021, which is still ongoing at the time of writing. This latest surge led ROSE to $0.38, which is a resistance that is trying to breach right now, at the time of writing, currently sitting at $0.3751.
