$ROSE USDT

UPDATE

#ROSE is still trading within a defined range, with support at 0.07628–0.08316 USDT and a resistance zone at 0.10224–0.10769 USDT.

#ROSEUSDT as it shows promising signs of a bullish continuation from the demand zone, following a breakout from descending resistance.

A closer look reveals that the Bollinger Bands are tightening, typically a precursor to a significant upward movement. Currently, the price of #ROSE suggests an increased likelihood of a bullish trajectory from the demand zone at $0.08980. Should it maintain this momentum above the EMA 100, we could see a strong bullish push towards the next supply area.

The ascent is likely to begin once the price successfully overcomes the supply area and sustains its upward momentum.

However, it's crucial to consider alternative scenarios: if ROSE cannot break the descending resistance and begins to fall, a bullish recovery from the lower support zone at $0.08003 might occur.

Nevertheless, a fall below this level could undermine the bullish scenario, potentially leading to further declines.

DYOR

NOT FINANCIAL ADVICE