- Ethena (ENA) struggles with bearish trends, eyes set on $0.65 support.
- Oasis (ROSE) showcases bullish resilience driven by robust technology.
- Bitbot presale investors eyes token claiming via Telegram ahead of plans DEX listing.
Ethena (ENA), recently a darling of many crypto investors with an impressive bullish rally, is facing a prolonged bear trend, prompting investors to seek alternative opportunities in assets like Oasis (ROSE) and innovative platforms such as Bitbot.
While Ethena declines, Oasis stand as compelling alternative for its sustained gains and Bitbot’s native token, $BITBOT, is projected to surge upon exchange listing.
Ethena price falls as analysts point to further decline
Market analysis of Ethena (ENA) reveals a downtrend marked by failed attempts at bullish reversals and significant price retracements.
Despite initial optimism, the token struggled to maintain key psychological levels, notably failing to sustain the $1 mark.
While some traders anticipate a potential bullish comeback if critical support levels around $0.65 hold firm, technical indicators, including the MACD and EMA charts, highlight ongoing bearish pressures.
The death cross formation on the 4-hour chart underscores the substantial influence of bearish sentiment, suggesting that Ethena may face further challenges in reclaiming previous highs without significant market shifts.
Oasis (ROSE) captures investors’ attention with its sustained rally
In contrast to Ethena’s struggles, Oasis (ROSE) has emerged as a beacon of optimism in the cryptocurrency market.
The native asset of Oasis Network, ROSE, has defied broader market trends with a notable uptrend characterized by a rounding bottom pattern and a golden cross of the 50-day and 200-day EMAs—a bullish signal highly regarded in technical analysis.
Investor sentiment towards ROSE has been bolstered by its resilience amidst market volatility. The token recently saw a significant rebound from support levels around $0.080, reclaiming key thresholds like $0.10 and nearing the billion-dollar market capitalization mark.
Analysts speculate that ROSE could potentially reach the psychological milestone of $1 within the near future, buoyed by robust technical indicators and growing investor confidence.
The integration of privacy-focused technologies and scalable solutions within Oasis Network, including…