The ROSE technical analysis offers a selling opportunity with the potential breakdown from the $0.54 support, suggesting a revisit to the June-July support.

The ROSE price action has recently rebounded from the $0.54 support and is heading upwards. The altcoin currently trades at $0.056 with an intraday gain of 0.88%. A 3% jump will hit the dynamic resistance trendline with sustained buying. However, until this trendline is intact, the coin holders are under bearish threat.
<h3>Key Points:</h3>
<ul>
 	<li style="font-weight: 400">Multiple retests to the downsloping trendline indicate the trader are aggressively selling at rallies.</li>
 	<li style="font-weight: 400">A bullish divergence in the daily-RSI slope, the buying pressure increases at $0.0054 support.</li>
 	<li style="font-weight: 400">The intraday trading volume in Oasis Network is $17.3 Million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/m/mrJQwQV9.png" alt="ROSE Price Chart" width="2047" height="1006" />

Source-<a href="https://www.tradingview.com/x/mrJQwQV9/">Tradingview</a>
<h2>ROSE Technical Analysis</h2>
Over the past seven weeks, the ROSE coin price has faced constant resistance from a downsloping trendline. Moreover, the ongoing bearish sentiment in the market fueled this downfall and contained the growth.

Therefore, the series of lower highs indicates a gradual loss of bullish momentum, which may lead to a significant price drop. Currently, the $0.54 horizontal support is holding up the price and has prevented the altcoin from reaching the June-July bottom support of $0.45.

Thus, a daily candle closing below the $0.54 floor will intensify the selling pressure and plunge the prices 20% down to the $0.45 mark.

On a contrary note, if the market sentiment improves, a bullish breakout from the overhead resistance will offset the bearish thesis. Additionally, this development could push prices 17.5% higher to hit the $0.66 mark.
<h2>Technical Indicator</h2>
The RSI indicator shows bullish divergence for $0.054 support, strengthening the possibility for the trendline breakout. Moreover, the multiple crossovers between the fast and slow lines indicate uncertainty among market participants, which gives rise to no-trading zones.

Therefore, the ROSE technical analysis suggests that traders should wait for breakout opportunities to prevent them from trading in a choppy trend.

Resistance levels- $0.066 and $0.073

Support levels-  $0.054, $0.045

ROSE Technical Analysis: RSI Divergence Reflects Near-Term Recovery

The ROSE technical analysis offers a selling opportunity with the potential breakdown from the $0.54 support, suggesting a revisit to the June-July support.

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: RSI Divergence Reflects Near-Term Recovery

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