ROSE Technical Analysis: Bulls Overtake Trend To Reach $0.50

The ROSE coin price action breaks above the falling channel pattern with the support from Fibonacci Level to reach $0.50. Oasis Network (ROSE) is a blockchain that is privacy-focused and designed to promote the open economy of finance as well as a sustainable data economy that utilizes the Cosmos SDK. This will enable Oasis to work with an ecosystem that is part of Cosmos (ATOM)-enabled blockchain once the Inter Blockchain Communication Protocol launches. Let us move ahead to read about ROSE technical analysis. Past Performance of ROSE The ROSE coin price grew more than 25% in the past four days leading to the breakout of the falling channel. Moreover, the 95% gain in the intraday trading volume shows a growth in the buying pressure. The increasing frequency of the bullish engulfing candlesticks increases the overall bullish attention for the coin despite the falling markets. ROSE/USD Daily Chart ROSE Technical Analysis ROSE/USD 4-Hour Chart The ROSE coin price reverses the rejection from $0.45 and breaks above the falling channel pattern. Moreover, the rally finds support from the 50% Fibonacci retracement level to overcome the selling pressure. That is why the increasing underlying bullishness teases a bull run above $0.45. The crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish alignment, and the 50 and 100 day EMAs overcome the reversal to avoid the bearish crossover. The ROSE price action indicates resis...