ROSE coin price retests the rising channel fallout increasing the chances of a downtrend continuation below the $0.20 mark. Key technical points: The ROSE price action is ready to fall under $0.25. The market price trades below all the crucial EMAs. Finally, the 24-hour trading volume of Oasis Network is $68.84 Million, marking an 8.22% rise. Past Performance of ROSE ROSE coin price action showcased the $0.25 breakout rally taking the shape of a rising channel pattern in the daily chart. However, the recent rejection from the resistance trendline broke below the support trendline and the psychological barrier of $0.25. Moreover, the price action shows post-retest reversal as the selling activity increases as the $0.25 support level cracks. Source-Tradingview ROSE Technical Analysis ROSE coin price completes the retest phase and continues the downtrend with the fallout of the $0.25 level. Hence, traders can find selling opportunities at the current market price with a 20% downside potential. The crucial daily EMAs maintain a bullish alignment, but the rising bearish influence increases the possibility of a death cross. Hence, the EMAs are ready to regain the bearish alignment as the bearish power grows. RSI Indicator: The RSI slope maintains a downtrend with the breakout of the 14-day SMA and retests the 50% breakout to continue the approach towards the oversold zone. Hence, the indicator reflects a high possibility of freefall...
