Oasis

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/rose-price-defies-market-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">ROSE Price Defies Market Trends</a><br></p>
<p style="text-align: justify">The primary asset of Oasis Network, ROSE, is exhibiting indications of reversing its downward trend. This shift is illustrated by a rounding bottom pattern and is supported by the golden cross of the 50-day and 200-day Exponential Moving Averages (EMA), a well-known bullish signal in <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">technical analysis</a>.</p>
<h2 id="what-drives-rose-s-uptrend">What Drives ROSE’s Uptrend?</h2>
<p style="text-align: justify">Despite a general market slowdown and increasing selling pressure, ROSE’s price is defying the trend. The asset’s positive momentum is driven by heightened demand as it transitions from a corrective phase to a bullish rally. Experts predict that ROSE may reach the psychological threshold of $1 within the year.</p>
<p style="text-align: justify">The uptrend was initiated by a significant rebound from the support level at $0.080, which helped ROSE reclaim the key psychological level of $0.10, thereby boosting market sentiment. Currently, the altcoin’s market capitalization is nearing the billion-dollar mark, indicating rising investor confidence.</p>
<h2 id="can-rose-maintain-its-upward-momentum">Can ROSE Maintain Its Upward Momentum?</h2>
<p style="text-align: justify">On the daily chart, ROSE forms a rounding bottom with a resistance zone neckline at $0.1315, corresponding to the 50% Fibonacci retracement level, making it a critical supply area. A bullish breakout above this level could trigger a substantial price increase. Presently, ROSE is trading at $0.12305, registering a 1.86% intraday gain, and has surged nearly 50% over the past 30 days.</p>
<p style="text-align: justify">Several technical indicators support this recovery. The Directional Movement Index (DMI) shows VI lines in bullish alignment and a rising Average Directional Index (ADX), indicating a strengthening recovery rally. Additionally, the 50-day and 200-day EMAs are poised for a golden cross, often signaling significant upward price momentum.</p>
<h2 id="what-should-investors-consider">What Should Investors Consider?</h2>
<p style="text-align: justify">– Monitor the $0.13152 resistance level for potential breakout opportunities.<br> – Watch for the golden cross in the 50-day and 200-day EMAs as an indicator of continued upward movement.<br> – Consider the 78.60% Fibonacci retracement level at $0.1606 as the next significant price target, indicating a possible 30% increase.</p>
<p style="text-align: justify">If the recovery rally persists, a breakout above the $0.13152 resistance will create a valuable buying opportunity. This breakout could propel ROSE to the 78.60% Fibonacci level at $0.1606, equating to a potential 30% upward move.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/rose-price-defies-market-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">ROSE Price Defies Market Trends</a></h5>

ROSE Price Defies Market Trends

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