With a double bottom breakout in the daily chart, Oasis Network (ROSE) coin price plans to create a new all-time high above the $0.5 mark with a 25% gain.

Oasis Network (ROSE) is designed to offer the highest level of privacy and scalability. It also has low gas costs and token revenue. It seeks to enhance privacy options to allow the use of sensitive information within Defi.

Let us read ahead to know more about Oasis Network technical analysis.
<h2>Past Performance of ROSE</h2>
After a 50% discount in price due to the rejection at $0.45, the ROSE coin finds support at the horizontal level of $0.22. The price action forms a double bottom pattern above $0.22 and gives a bullish breakout with the <a href="https://www.cryptoknowmics.com/news/rose-technical-analysis-bulls-rise-with-hopes-to-create-a-new-all-time-high/">recent recovery</a> of more than 30%. 

Therefore, traders can expect an entry point at current prices as the price action shows the possibility of a nearly 25% price jump.

<img src="https://s3.tradingview.com/snapshots/o/O34rAWDG.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/O34rAWDG/">ROSE/USD Daily Chart</a>
<h2>ROSE Technical Analysis</h2>
The bullish price pattern triggers a bull run in ROSE coin that can shortly break above the previous high near the $0.45 mark, an entry point for traders. Moreover, the phenomenal increase in the intraday trading volume provides an extra edge. 

The price action indicates resistance levels at $0.35 and $0.45, which have reversed the previous bullish attempt to reach $0.50. And, on the opposite end, the support level is at $0.22. 

The crucial EMAs - 50, 100, 200 in the daily chart maintain a bullish alignment, and the 50-day EMA provides constant support to retracements during the short-correction phase.

The RSI indicator at 60% in the daily chart breaks above the bearish influence and the central line quite easily.

 Moreover, the MACD indicator gives a positive crossover of the MACD line and the signal line, showing growth in underlying bullishness. Furthermore, the rising trend of bullish histograms increases buying pressure in the ROSE coin. 
<h2>Upcoming Trend</h2>
The rising uptrend with the bullish breakout of the double bottom pattern will shortly result in a rally. The rally aims to break above the resistance of $0.50 and create a new all-time high soon. Therefore, ROSE coin plans to end 2021 with a BANG!

ROSE Technical Analysis: Double Bottom Breakout Triggers a Bull Run

With a double bottom breakout in the daily chart, Oasis Network (ROSE) coin price plans to create a new all-time high above the $0.5 mark with a 25% gain.

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: Double Bottom Breakout Triggers a Bull Run

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