ROSE coin price shows lower price rejection of 17% to close above $0.20, and the market value increases by 10% over the last 48 hours. 

The ROSE sellers failed to take a dive below the $0.20 mark for long, as the buyers started stepping in to reverse the trend. The 17% rejection to close above $0.20 brings back the uptrend possibility. Will the uptrend cross above the $0.30 mark?
<h2>Key technical points:</h2>
<ul>
 	<li style="font-weight: 400">ROSE price sustains above the $0.20 mark.</li>
 	<li style="font-weight: 400">The Stochastic daily RSI shows a bullish crossover</li>
 	<li style="font-weight: 400">The 24-hour trading volume in the Oasis Network token is $188 Billion, indicating a 34% fall. </li>
</ul>
<h2>Past Performance of ROSE</h2>
The ROSE/USDT technical chart shows an increase in buying pressure as the prices overcome the sellers to avoid closing below $0.20. The recent overnight growth of 9.80% creates a bullish engulfing candlestick and continuation candle. Hence, the bullish powers may soon overcome the last week’s downfall of 35%. 

<img src="https://s3.tradingview.com/snapshots/g/gofVkcgx.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/gofVkcgx/">Tradingview</a>
<h2>ROSE Technical Analysis </h2>
At press time, the ROSE price shows a lack of bullish commitment in the bullish reversal, evident by the 34% in the trading volume. Hence, an increase in trading volume is a must for bullish continuation.

The ROSE price retraces higher to the 200-day EMA as the 50 and 100-day EMA get closer to give a bearish crossover. However, a potential rally can reverse the EMAs and avoid the crossover. And as for the rally, a dynamic barrier at the 200-day EMA can be observed. 

The Stochastic RSI indicator shows the K and D lines rise higher in a bullish alignment from the oversold zone after the recent merger. Hence, a bull cycle is possible if the lines sustain above the 30% mark. 

The RSI Indicator slope avoids entering the oversold zone as it sustains above the 30% mark. The recent jump brings it closer to the 14-day SMA and increases the chances of a potential bullish crossover. 

In a nutshell, the ROSE technical analysis shows a bullish sentiment reversal, but the uptrend continuation will demand a rise in trading volume. 
<h2>Upcoming Trend</h2>
The upcoming trend anticipation of the ROSE coin price gets highly bullish as the reversal from $0.20 with massive tail formation. Hence, a potential rally to the $0.26 will test the 200-day EMA. However, the decreased trading volume remains a bearish splinter.

Support Levels: $0.20 and $0.16

Resistance Levels: $0.26 and $0.30

ROSE Technical Analysis: ROSE Buyers Brings Reversal At $0.20

ROSE coin price shows lower price rejection of 17% to close above $0.20, and the market value increases by 10% over the last 48 hours. 

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: ROSE Buyers Brings Reversal At $0.20

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