The boom in buying pressure results in a bullish reversal that can soon help the ROSE coin price reach above the $0.45 mark. 

Oasis Network (ROSE) is a level 1. blockchain with a primary focus on privacy is developed to promote the open economy of finance and sustainable data economy with the Cosmos SDK. This will enable Oasis to connect to its ecosystem of Cosmos (ATOM)-enabled blockchain if it launches its Inter Blockchain Communication Protocol.

Read more to know more about the technical analysis of the Oasis Network token.
<h2>Past Performance of ROSE</h2>
The ROSE coin prices have been<a href="https://www.cryptoknowmics.com/news/rose-technical-analysis-trends-currently-bearish-wait-for-the-year-end-target-of-0-455/"> cut in half</a> after facing rejection to sustainably above the $0.40 mark. However, the falling prices found support near the $0.22 level. Since then, the coin price has increased by 40 percent in the last week, resulting in the breakout of the $0.30 mark.

Therefore, the bullish recovery hints at trend reversal and promotes buying entry spots for traders at current prices. 

<img src="https://s3.tradingview.com/snapshots/y/YupcuNpO.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/YupcuNpO/">ROSE/USD 4-hour Chart</a>
<h2>ROSE Technical Analysis</h2>
Oasis is a leader in the use cases that support privacy of data and confidentiality for users and aims to provide secure, private DeFi and extend beyond the traders market to the mass market.

Traders can find this bullish reversal opportunity in ROSE coin as an entry sport; however, safe traders might want to wait until the prices sustain above the $0.30 mark.  

The price action and pivot points indicate the following upside resistance levels at the $0.35 and $0.45 mark. And, in case the $0.30 level collapses, the following support level is at $0.22.

The crucial EMAs - 50, 100, and 200 maintain a positive alignment in the daily chart. Moreover, the possibility of a golden crossover is high and will increase the bullish attention towards the token in the market.

The RSI indicator at 56 percent shows the slope rising above the central mark in the daily chart. Furthermore, the MACD indicator shows a reversal in fast and slow lines, shortly resulting in a bullish crossover in the daily chart.
<h2>Upcoming Trend</h2>
Due to the ongoing bullish recovery, the ROSE coin prices have increased 40 percent in the past week. Furthermore, the token gives a bullish breakout of the $0.30 mark, marking an entry spot for price action traders.

As for technical indicators, the recent growth has solid underlying sentiment and will maintain an upside trend. Therefore, traders can expect a target of $0.45 before the end of 2021. Moreover, traders can expect the uptrend to continue in the starting weeks of 2022.

ROSE Technical Analysis: Bulls Rise With Hopes To Create a New All-Time High

The boom in buying pressure results in a bullish reversal that can soon help the ROSE coin price reach above the $0.45 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: Bulls Rise With Hopes To Create a New All-Time High

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