Falling below the support trendline, the Oasis Network (ROSE) price trend shows a bullish turnaround from the 200-day EMA while the 50-day EMA supports the uptrend. Since the weekend, the prices have jumped by 12% resulting in the $106 breakout. But, will this uptrend continue to reach the overhead resistance at $135? Key Points: The ROSE price trend shines a bullish trend reversal hope after a 40% drop. The 100-day SMA helps the bullish trend resurface after the sharp fall. With a market cap of $369 billion, the intraday trading volume of Oasis Network has increased by 1.88% to reach $60.12 million. Source – Tradingview ROSE Technical Analysis After a remarkable 150% jump with a trendline breakout, as mentioned in our previous article, the ROSE prices take a bearish turnaround. With the increased selling pressure about the $0.10 psychological mark, the correction phase results in a 40% decline in the market value. However, the falling prices take a bullish reversal from the 100-day SMA with a morning star pattern. This increases the likelihood of a recovery rally reaching the height of $0.85. Unfortunately for buyers, the lack of any spike in the intraday trading volume lower is the possibility of an uptrend. Hence it is possible that the ROSE prices may start the prevailing downtrend from $0.080. Nonetheless, if the uptrend continues to $0.85, the possibility of a bullish breakout with the potential to jump to the $0.10 psyc...
