Oasis Price Prediction: Are Bulls Running Out of Steam?

ROSE surges above 200-day MA, forming strong support base

• In mid-May, during the crypto market recovery, #Oasis Network coin stabilized around the key $0.8 level, suggesting a possible reversal.

• Oasis has been moving within an upward parallel channel, with signs pointing to an imminent challenge of the channel's upper resistance.

• If the upward trend continues, The $ROSE price is expected to rise, aiming for the important resistance zone.

• Analyzing the daily chart reveals a bullish reversal pattern the cup and handle formation hinting at possible sustained bullish momentum.

• Showing an 8.2% rise since yesterday, the $ROSE price suggests a breakout above the pattern's neckline resistance at $0.12.

• According to Coin Gabbar analysis, Expectedly, ROSE price is poised to breach the upper channel resistance, targeting the critical zone of $0.13250 to $0.145.

• On the flip side, continuous selling pressure at $0.12 might lead sellers to extend a consolidation phase in Rose Coin.

KEY LEVELS :

RESISTANCE LEVEL : $0.13250-$0.14500

SUPPORT LEVEL : $0.10500-$0.08000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.