The ROSE technical analysis offers a selling opportunity with the potential breakdown from the $0.54 support, suggesting a revisit to the June-July support. The ROSE price action has recently rebounded from the $0.54 support and is heading upwards. The altcoin currently trades at $0.056 with an intraday gain of 0.88%. A 3% jump will hit the dynamic resistance trendline with sustained buying. However, until this trendline is intact, the coin holders are under bearish threat. Key Points: Multiple retests to the downsloping trendline indicate the trader are aggressively selling at rallies. A bullish divergence in the daily-RSI slope, the buying pressure increases at $0.0054 support. The intraday trading volume in Oasis Network is $17.3 Million. Source-Tradingview ROSE Technical Analysis Over the past seven weeks, the ROSE coin price has faced constant resistance from a downsloping trendline. Moreover, the ongoing bearish sentiment in the market fueled this downfall and contained the growth. Therefore, the series of lower highs indicates a gradual loss of bullish momentum, which may lead to a significant price drop. Currently, the $0.54 horizontal support is holding up the price and has prevented the altcoin from reaching the June-July bottom support of $0.45. Thus, a daily candle closing below the $0.54 floor will intensify the selling pressure and plunge the prices 20% down to the $0.45 mark. On a contrary note, if the market se...
