ROSE is poised to rise towards the upper border of the wedge

4 days agoROSE crypto showed a strong recovery from the last quarter of 2023 to the first quarter of 2024 but entered a wedge pattern in the second quarter, which continued into the third quarter.

However, ROSE entered the final month of the third quarter, ROSE has shown signs of revival, bouncing back from a critical level around $0.04900 on the daily chart.
The asset is displaying bullish potential, staying above the 20-day EMA. With increased bullish interest, ROSE could break through the 50-day and 200-day EMA bands as it moves upward.

In the short term, ROSE is poised to rise towards the upper border of the wedge. Bulls are working hard to overcome resistance levels and push the price to new heights from the current support zone.

The asset is showing bullish strength, with the RSI above 50 at 58.74, indicating it is still in positive territory and could move higher. If the price crosses the 50-day EMA, the short-term target could be near the upper border at $0.08500.
In the long term, breaking past the 200-day EMA and upper border could set targets at $0.1050 and $0.1400, respectively. However, if the price fails to break these levels, it may continue to consolidate.