The cryptocurrency market is having a constructive begin to the week, with most cash and tokens now in the inexperienced zone.
The cryptocurrency market has picked up from the place it left off last week. The market has added practically 3% to its worth in the last 24 hours, with the whole market cap now closing in on the $1.2 trillion mark.
(*24*) cemented its place above the $23k stage over the weekend and is now seeking to bridge the $24k resistance stage as soon as once more after including more than 3% to its worth at this time.
Ether is additionally eyeing the $1,800 resistance stage and is up by 3% in the last 24 hours. However, ROSE, the native token of the Oasis Protocol, is the greatest performer amongst the high 100 cryptocurrencies by market cap at this time.
ROSE has added 24% to its worth in the last 24 hours and will rally greater over the coming hours and days.
ROSE has been performing excellently since the Oasis Protocol introduced its partnership with Facebook’s father or mother firm Meta last week. The cryptocurrency might surge greater as the broader market continues to carry out effectively.
Key ranges to observe
The ROSE/USD 4-hour chart is bullish as Oasis Protocol has been performing effectively over the weekend. The technical indicators present that ROSE is the greatest performer amongst the high 100 cryptocurrencies by market cap at this time.
The MACD line is deep inside the constructive territory, indicating bullish momentum for ROSE. The 14-day RSI of 68 reveals that ROSE might enter the overbought area if it could actually keep its present momentum.
At press time, ROSE is buying and selling at $0.1032 per coin. If the bulls stay in management, ROSE might surge previous the $0.112 resistance stage for the first time since May 2022.
However, the resistance stage above $0.135 ought to cap additional upward motion in the brief time period.
