Over the past week, the price of the Oasis token (ROSE) has climbed by 8% and is now at its highest point since April 8. The fact that the cryptocurrency is trading higher than its 20-day exponential moving average (EMA) is a positive indicator. The 20-day moving average is what this technical indicator is following. An asset's price movement above this level suggests that buyers are exerting more pressure.
The current upward trend is confirmed by the Aroon Up line value of 85.71%. The metric's use in identifying asset trend strength and possible price turning points is extensive. The Aroon Up line is in a strong uptrend and the most recent high was reached relatively recently when it approaches the 100 level.
The current trend suggests that ROSE's value could increase by 8%, reaching $0.13, if it persists.
