Rose Price Prediction: Is Oasis Poised for a Bullish Blitz?

ROSE forms three consecutive bullish candles on weekly chart

• The $ROSE token experiences a surge in buying pressure, prompting a rebound from the critical support level at $0.08000.

• This rebound catalyzes a bullish trend reversal, propelling the #Oasis Network token above the psychologically significant level of $0.10000.

• Upon examination of the daily chart, the altcoin displays characteristics of a rounding bottom reversal pattern, with the neckline situated at the resistance zone of $0.13250.

• Notably, this resistance level coincides with the 50% Fibonacci retracement level, creating a formidable supply zone.

• A bullish breakout above the 50% Fibonacci level as well as Neckline could trigger a substantial upward movement in the $ROSE token price.

• According to Coin Gabbar analysis, If the momentum of the recovery persist, the altcoin's rally could target the 78.60% Fibonacci level at $0.16060, offering a potential upside of approximately 25%.

• Conversely, failure to breach the neckline may result in a downward price movement, with notable support levels identified at $0.10000 and $0.08000.

KEY LEVELS :

RESISTANCE LEVEL : $0.15000-$0.18500

SUPPORT LEVEL : $0.10000-$0.08000

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