Will ROSE Strike Above the $0.1500 Mark?

The ROSE price rebounded from the 100-day EMA and decisively retained the bullish zone. ROSE crypto has the potential to crack the prompt hurdle of $0.1300 to unlock further upside in the upcoming sessions. The crypto price has recently recovered from the bottom zone of $0.0400 and healed over 180% amid the adverse market sentiments. Following the market surge, ROSE crypto has held the gains above the 20-day EMA support region and is poised for a rally soon.

The ROSE crypto price climbed above the key moving averages and is taking support on the 20-day EMA mark. Per the Fibonacci retracement levels, the Oasis Network price has fallen from the highs, sustained above the 38.2% zone, and is close to exceeding the 50% zone. The trend is intact, and buyers have showcased their legacy, which might strike the neckline of $0.1500 and will skyrocket the crypto price toward $0.1800 shortly.

The Oasis Network (ROSE) price was $0.1199 at press time, with an intraday drop of 5.20%, reflecting neutrality on the charts. Moreover, the trading volume increased by 10.20% to $97.58 Million. The pair of ROSE/BTC is at 0.00000231 BTC, and the market cap is $179.59 Million. Analysts are neutral and suggest that the price will retest the upside of $0.1500 in the following sessions.

The ROSE Price on Daily Charts Displays Trendline Breakout

The ROSE crypto has shown a channel breakout on the daily charts and reverted the lower high swing formations. The buyers have regained momentum, and fresh higher highs were displayed. If the crypto price scratched the upside of $0.1300, the new buying momentum would trigger the supply zone of $0.1600, followed by $0.1800 soon.

The Relative Strength Index (RSI) curve stays near the midline of 50, and a negative divergence is portrayed on the charts. Moreover, the MACD indicator shows a bullish crossover and suggests that the ROSE crypto price will continue to boost the gains and reach $0.1500 soon.

The ROSE Price on Weekly Charts Reveals Range Breakout

On the weekly charts, the crypto price has surpassed the consolidation zone and witnessed a range breakout in the last sessions. Moreover, the technicals replicated a bullish crossover, and the ROSE price sharply rolled above the 100-day EMA. However, a retracement was noted from the highs of $0.1500 until the mark is not breached; investors must wait and watch the levels before making any positions.

Summary

The ROSE crypto price has rebounded from the critical support zone of $0.08900 and cracked the trendline hurdle, resulting in a reversal. Moreover, the buyers are looking aggressive and are eyeing to claim $0.1500 in the following sessions. 

Technical Levels

Support Levels: $0.1200 and $0.1000

Resistance Levels:$0.1400 and $0.1500

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.