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- 1 ROSE price continued to extend the gains inside the rising parallel channel.
- 2 Buyers are gaining traction and have persisted in accumulation.
ROSE price witnessed a massive surge and redirected the gains to the psychological round mark of $0.10000. Buyers looked aggressive and the ROSE coin reverted from the lower trendline of $0.07720 near the 20-day EMA mark and is showing strength on the charts. The technicals displayed the bullish momentum and impressive performance of bulls, which led the Oasis Network coin price to the crucial hurdle of $0.08700.
The coin’s price continued to deliver higher high formation and replicate an uptrend on the charts. Moreover, the price action shows bulls’ dominance and buyers are uplifting the ROSE crypto price to claim the swing mark of $0.10000. With the crypto market pump, the ROSE token noted a smart recovery and a rally which is still in the limelight and buyers continued to put efforts for the past sessions.
The live price of the ROSE crypto is $0.08526 with an intraday gain of 7.42%, showing bullishness on the charts. Moreover, the trading volume increased by 16.33% to $44.77. However, the pair of ROSE/BTC is at 0.00000198 BTC, and the market cap is $127.90 Million. Furthermore, analysts have maintained a buy rating and suggest a positive sentimental view for the following sessions.
ROSE On Daily Charts Displays Rising Parallel Channel
On the daily charts, the ROSE price witnessed a sharp bounce from the demand zone of $0.04000 and has surged over 80% in the past few trading sessions. Moreover, the ROSE crypto price has surpassed the 50% Fibonacci retracement zone and is sustaining gains near the upper Bollinger Band.
The RSI curve stayed in the overbought zone and formed a negative divergence on the charts indicating the volatile outlook for the upcoming sessions. The MACD indicator showed a bullish crossover, favouring the bulls, and suggests an outperformance for the following sessions.
Weekly Charts Exhibits Rebound From Demand Zone
On the weekly charts, the ROSE price witnessed a classic W-shaped reversal and is close to the 100-day EMA, which buyers are trying to surpass and are looking to escape the primary hurdle of $0.09000. Per the ongoing trend, if the ROSE crypto succeeds in escaping $0.09000, it will fly toward $0.10000 in the next sessions.
Summary
ROSE price has revamped from the 20-day EMA mark and is uplifting the gains noted in buyers’ accumulation on the charts. Moreover, the price action shows bullish momentum and the ROSE crypto price is near the breakout zone and is anticipating to catch the round mark of $0.10000 to be caught soon.
Technical Levels
Support Levels: $0.08300 and $0.08100
Resistance Levels: $0.08900 and $0.09200
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.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
