The cryptocurrency market is about to finish the week in a constructive trend regardless of its poor begin.
The cryptocurrency market is buying and selling within the inexperienced zone for the third-consecutive day this week. The market has added greater than 4% to its worth within the final 24 hours, with the full market cap now above the $1.1 trillion mark.
Bitcoin stays the market’s chief and is buying and selling above $24k after including greater than 3% to its worth over the previous 24 hours. Ether is eyeing the $1,800 stage after rallying by greater than 5% as we speak.
ROSE, the native token of the Oasis Protocol, is without doubt one of the finest performers amongst the highest 120 cryptocurrencies by market cap. ROSE has added greater than 35% to its worth within the final 24 hours, outperforming the opposite main cryptocurrencies within the course of.
The rally comes after Oasis Labs announced that it has partnered with Meta, Facebook’s mother or father firm.
According to Oasis Labs, the partnership ends in the launch of a platform to evaluate equity in Meta’s merchandise, whereas defending individuals’s privateness.
Key ranges to observe
The ROSE/USD 4-hour chart is extraordinarily bullish as Oasis Protocol has been performing nicely over the previous 24 hours. The technical indicators present that ROSE is outperforming the broader crypto market.
The MACD line crossed into the constructive zone as ROSE has been performing nicely over the previous few days. The 14-day RSI of 85 reveals that ROSE is presently within the overbought area.
At press time, ROSE is buying and selling at $0.070 per coin. If the rally continues, ROSE might attain the $0.090 resistance stage over the approaching hours.
However, it might want the assist of the broader market to succeed in the $0.10 resistance stage for the primary time in months.
