ROSE coin price retests the rising channel fallout increasing the chances of a downtrend continuation below the $0.20 mark.

Key technical points:
<ul>
 	<li style="font-weight: 400">The ROSE price action is ready to fall under $0.25.</li>
 	<li style="font-weight: 400">The market price trades below all the crucial EMAs. </li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Oasis Network is $68.84 Million, marking an 8.22% rise.</li>
</ul>
<h2>Past Performance of ROSE</h2>
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.

<img src="https://s3.tradingview.com/snapshots/j/jTKwqb77.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/jTKwqb77/">Tradingview</a>
<h2>ROSE Technical Analysis </h2>
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 to the $0.20 mark.

MACD Indicator: The rising trend of the negative histogram after the bearish crossover reflects a boom in selling pressure. Moreover, the downtrend in the MACD and signal lines gains momentum and approaches the zero line.

In a nutshell, the ROSE technical analysis highlights the downtrend possibility to the $0.20 mark. 
<h2>Upcoming Trend </h2>
ROSE coin price experiences a surge in selling activity with the reversal from the $0.25 mark reflecting a post-retest reversal. Hence, selling opportunities are available at the market price with the possibility of a $0.20 breakout. 

Support Levels: $0.20 and $0.16

Resistance Levels: $0.26 and $0.30

ROSE Technical Analysis: $0.26 Retest Threatens A 15% Fall To $0.20

ROSE coin price retests the rising channel fallout increasing the chances of a downtrend continuation below the $0.20 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ROSE Technical Analysis: $0.26 Retest Threatens A 15% Fall To $0.20

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