🚨 Is a 2X Bull Run in ROSE & QNT Possible This Month?
Since last weekend, the crypto market has witnessed reduced volatility following Bitcoin's consolidation trend. As leading digital assets struggle to sustain above $70,000, the altcoin market is experiencing renewed supply pressure, signaling the continuation of sideways trading.
Resilience in Oasis Network (ROSE) and Quant (QNT)
Defying the trend, Oasis Network (ROSE) and Quant (QNT) have shown a notable uptick in the last 24 hours. Their strong resilience during an uncertain market positions them for a higher rally once investor sentiment turns bullish.
Will BTC's Rally Boost Altcoins?
Will a BTC rally to a new high above $73,650 accelerate the bullish momentum in altcoins, or are sellers preparing for a prolonged correction?
Golden Cross Ready to Pump ROSE Token 📈
Amid the mid-May recovery in the crypto market, the Oasis Network coin hit a local bottom at the $0.8 psychological level. A positive turnaround from this support has uplifted the altcoin by 42%, trading at $0.114 and regaining its position above the 50D and 200D EMAs.
An analysis of the daily chart revealed this rally as the formation of a bullish reversal pattern called a cup and handle. This setup is commonly seen at major market bottoms and indicates a shift in market sentiment from selling on rallies to buying on dips. With an 8.2% jump since yesterday, the ROSE price is teasing a breakout from the pattern’s neckline resistance at $0.12.
A potential breakout from this resistance could accelerate the bullish momentum and lead to a 52% rally, aiming for the $0.184 peak.
Conversely, if the supply pressure at $0.12 persists, sellers might drive an extended consolidation trend in Rose Coin.
Will QNT Price Take a Moonshot from $87? 🚀
Since late March 2024, the Quant coin has experienced aggressive selling pressure, dropping its price to a 22-month low of $50.8. From the high of $150, the QNT price now trades at $87.6, registering a loss of 41.6%, while the market cap has tumbled to $1.056 billion.