ROSE Upside Potential Analysis
ROSE price is expected to break through $0.1315, achieving an upside of about 30%.
Market background:
The market slowed down and selling pressure increased, but ROSE price trend rose against the trend. ROSE demand surged and bullish momentum strengthened.
Price dynamics:
ROSE token price rebounded from the $0.08 support level, the bullish trend reversed, and re-stood above the $0.1 psychological level. The market value is close to the $1 billion mark, and market sentiment has improved. The daily chart shows a round bottom reversal pattern, with the neckline at the $0.1315 resistance area, coinciding with the 50% Fibonacci level, forming a high supply area.
Technical indicator analysis:
DMI indicator: The VI line and the rising ADX line form a bullish arrangement, supporting a continued recovery rebound.
EMA: The 50D and 200D EMA are about to achieve positive alignment through a golden cross.
Future prediction:
If the ROSE price can successfully break through $0.1315, it will send a clear buy signal to OTC traders. Once it breaks through, the token price is expected to rise further to the 78.60% Fibonacci level, or $0.1606, achieving an upside of about 30%.
Based on the current market trends and technical indicators, ROSE is expected to continue the bull market, and investors can pay close attention to its price dynamics to capture potential investment opportunities.
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