ROSE Technical Analysis: Will This Uptrend Drives ROSE Prices Higher?

The ROSE price shows a bull run challenging the 100-day SMA and the $0.086 resistance level. Will the uptrend give another breakout this week? Key Technical Points: The ROSE prices jumped by 11.30% in the last 24 hours. The price action of the trendline breakout rally is ready to reach the $0.086 mark. The 24-hour trading volume of Oasis Network is $247 million, indicating a drop of 7.87%. Past Performance of ROSE In response to widespread uncertainty in the crypto market over the past two months, the ROSE/USDT price wobbled within the $0.6 to $0.458-$0.447 barrier. However, the recent bullish reversal with a Morning Star pattern and a spike in intraday trading volume gives a bullish breakout of the consolidation range. The bull run accounted for a 75% price jump in the last four days and reached the $0.086 resistance level. But, the Doji candle formation at the 100-day SMA proposes a possibility of a bearish reversal to retest the $0.060 breakout. Source – Tradingview ROSE Technical Analysis The bullish trend of trendline breakout in ROSE prices is expected to gain momentum as the trading volume increases indicating a surge in buying pressure. So, traders will likely see an entry spot that breaks the $0.0875 mark. As the market price is higher than the 50-day SMA, the next challenge for the trend is the 100-day SMA close to $0.086. As the breakout rally gains momentum, the RSI rises to the overbought zone, which indicates gro...