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The cryptocurrency market is having a optimistic 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 complete market cap now closing in on the $1.2 trillion mark.
(*24*) cemented its place above the $23k degree over the weekend and is now seeking to bridge the $24k resistance degree as soon as once more after including more than 3% to its worth at the moment.
Ether is additionally eyeing the $1,800 resistance degree and is up by 3% in the last 24 hours. However, ROSE, the native token of the Oasis Protocol, is the finest performer amongst the prime 100 cryptocurrencies by market cap at the moment.
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 mum or dad firm Meta last week. The cryptocurrency may 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 finest performer amongst the prime 100 cryptocurrencies by market cap at the moment.
The MACD line is deep inside the optimistic territory, indicating bullish momentum for ROSE. The 14-day RSI of 68 exhibits that ROSE may enter the overbought area if it might keep its present momentum.
At press time, ROSE is buying and selling at $0.1032 per coin. If the bulls stay in management, ROSE may surge previous the $0.112 resistance degree for the first time since May 2022.
However, the resistance degree above $0.135 ought to cap additional upward motion in the quick time period.
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