ROSE crypto experiences an upward spike
Upon observing the ROSE chart, it's evident that the price trend was upward until March 10th, experiencing a substantial increase. However, the trend reversed on March 11th, as the price entered a correction phase, forming what seems to be a falling wedge pattern.
This wedge pattern was observed as the price of ROSE cryptocurrency plummeted from $0.1850 to the $0.0800 support level by mid-April and then consolidated for nearly two months. By June 5th, the price broke out of the sideways range. Subsequently, the ROSE price witnessed a pullback and seems to be showing signs of positivity on the daily chart.
Currently, ROSE is trading at $0.11782, marking an intraday dip of -5.63%. The MACD indicator displayed a bullish cross with the MACD line at 0.00651, positioned above the zero line with a histogram at 0.00194. Additionally, the RSI was above the midpoint at 61.13, indicating that the momentum has not yet reached the overbought zone, leaving room for potential growth for Oasis Crypto.
If the ROSE crypto experiences an upward spike, the upper targets would be $0.1510 and $0.2000. However, if Oasis fails to maintain a position above the $10500 level, the price could decline back to the crucial support at $0.0800.
This wedge pattern was observed as the price of ROSE cryptocurrency plummeted from $0.1850 to the $0.0800 support level by mid-April and then consolidated for nearly two months. By June 5th, the price broke out of the sideways range. Subsequently, the ROSE price witnessed a pullback and seems to be showing signs of positivity on the daily chart.
Currently, ROSE is trading at $0.11782, marking an intraday dip of -5.63%. The MACD indicator displayed a bullish cross with the MACD line at 0.00651, positioned above the zero line with a histogram at 0.00194. Additionally, the RSI was above the midpoint at 61.13, indicating that the momentum has not yet reached the overbought zone, leaving room for potential growth for Oasis Crypto.
If the ROSE crypto experiences an upward spike, the upper targets would be $0.1510 and $0.2000. However, if Oasis fails to maintain a position above the $10500 level, the price could decline back to the crucial support at $0.0800.
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