ROSE Technical Analysis: Sellers Test The $0.20 Integrity

ROSE coin price experiences an increase in selling activity as the downfall cracks beneath the $0.20 support level and approaches $0.16. Key technical points: ROSE coin price fell 25% last fortnight. The MACD indicator gives a bearish crossover. The 24-hour trading volume of Oasis Network is $886 Million, marking a 6% rise. Past Performance of ROSE ROSE coin price cracks into the $0.20 support level as the selling pressure increases in the overall market. As a result, the coin price has decreased by 25% in the last two weeks resulting in multiple bearish candles. The altcoin maintains the overall downtrend and aims to reach the next support level after facing rejection from the 200-day EMA. Source-Tradingview ROSE Technical Analysis ROSE coin price might reach the $0.16 mark shortly as the downtrend gains momentum after the support level breakout. However, closing below the $0.20 mark is necessary for the upcoming bearish trend. The 50-day and 200-day EMA are on the verge of giving a death cross with the falling trend of the 100-day EMA. Hence, the upcoming death cross will result in a rise in selling pressure. RSI Indicator: The RSI slope shows the sideways trend developing into a downfall that may shortly enter the oversold zone. Hence, crossing below the 30% mark will mark a selling point. MACD Indicator: The MACD and signal lines are on the cusp of giving a bearish crossover as the lines show saturation. This will put an e...