Oasis Network Eyes Breakout Run To Push ROSE Price To $0.20

The post Oasis Network Eyes Breakout Run To Push ROSE Price To $0.20 appeared first on Coinpedia Fintech News

Amidst the growing altcoins market, the ROSE price is teasing a strong breakout rally with the recent surge. Aiming for a 50% jump with the next breakout, the rising buying pressure teases a bull run shortly. 

With this breakout possibility, the altcoin price is preparing to rank higher in the top performer’s chart. Further, our ROSE price prediction supports the possibility of a bull run and eyes the $1 this year. 

ROSE Price Trend Close To Breakout

Source- Tradingview

With a bullish reversal from the ascending support trendline, the ROSE price displayed a jump of 20% in the last seven days. Moreover, the rise in trading volume of 57% supports the bull run, projecting a rise in demand.

In the daily chart, the altcoin displays an ascending triangle pattern with a neckline at the $0.14 mark. Further, the recent jump projects a high likelihood of a bullish breakout to cross the neckline at the previous peak. 

Currently, the ROSE price trades at $0.13874, with an intraday gain of 3.42%, following the 3% late-night jump yesterday. Thus, the daily trend projects a rise in trend momentum. 

Technical Indicators:

MACD Indicator: The MACD and signal lines display a sharp uptick to give a bullish crossover. Thus, the momentum indicator represents a trend reversal for the altcoin.

Will Oasis Network Continue The Bull Run?

As the bullish momentum dominates the recovery trend, the Oasis Network price trend is preparing for a breakout event. The trend continuation will likely surpass the overhead resistance zone, highlighting an entry spot for sideline traders.

In such a case, the breakout rally can reach the $0.20 mark, a 50% jump. However, a short retest before the bull reaches $0.20 is possible for the $0.14 breakout.