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. 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? Key technical points: ROSE price sustains above the $0.20 mark. The Stochastic daily RSI shows a bullish crossover The 24-hour trading volume in the Oasis Network token is $188 Billion, indicating a 34% fall. Past Performance of ROSE 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%. Source-Tradingview ROSE Technical Analysis 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 Stocha...