The ROSE coin price is under tremendous buying pressure and breaks above $0.45 to continue its bull run further ahead than $0.50. Oasis Network (ROSE) is a privacy-oriented Layer 1 blockchain. It aims to promote an open economy of finance and a sustainable data economy by using the Cosmos SDK. It is created by Dawn Song, an extremely rare instance of a blockchain-based company created by a woman. Dawn Song is a professor in the Department of Electrical Engineering and Computer Science at the University of California at Berkeley. She has spent a lot of time researching and creating technology for privacy and security. Let us move ahead to read about ROSE technical analysis. Past Performance of ROSE In the last ROSE technical analysis, the breakout of the falling channel and a reversal from the horizontal level at $0.32 indicated the start of a bull run. Coming true, the coin price breaks above the previous high of $0.45. The coin price has increased by 30% in the past 36 hours leading to a follow-through candle of an extremely bullish candle. Therefore, traders can expect the coin price to continue a bull run above $0.50. ROSE/USD Daily Chart ROSE Technical Analysis The ROSE coin price shows higher price rejection from $0.50 as the buying pressure failed to sustain. However, the 100% jump in the intraday trading volume suggests the possibility of increasing buying pressure to surpass $0.50. The crucial EMAs (50, 100, and 200) s...
