$ROSE is currently priced at $0.02136, indicating an impressive 10.12% recovery over the past 24 hours. Technical indicators indicate the possibility of a bullish reversal, with a falling wedge pattern forming and resistance at $0.2060, $0.2180, and $0.2330.
$ROSE is developing a falling wedge, and this is generally a bullish setup that can lead to a breakout.
Selling pressure is easing and buying interest is slow to develop.
Targets:
First Resistance: $0.2180
Second Resistance: $0.2330
ROSE below 0.02$ is a high risk/high reward entry for long term holders.
Although it's a bullish setup from here, ROSE is high risk since it's still down 69% YTD.
Oasis Network Project focusing on privacy preserving smart contracts There's a focus on the oasis network project while still slow in terms of adoption/ecosystem growth compared to other projects.
ROSE is being marked for a technical rebound despite the broader market sentiment and Oasis Network’s ecosystem traction. Traders should monitor for a breakout confirmation above $0.02 and trade cautiously.