$ROSE

/USDT Technical Analysis

The ROSE/USDT trading pair is currently in a downtrend, reflecting a 9.53% decline in the last 24 hours. Here's the latest analysis and key insights:

Current Price: $0.09375

24h High: $0.10900

24h Low: $0.09100

24h Trading Volume: 119.23M ROSE (~$11.75M USDT)

Key Observations:

1. Support Level: The price is testing the $0.09100 range, which could act as a critical support zone. A break below this level may lead to further downside.

2. Resistance Level: Immediate resistance is near $0.10900. A push above this level could signal recovery.

3. Momentum: Short-term charts (15 min and 1-hour) show minor consolidation, but bearish pressure remains.

Indicators to Watch:

RSI: Currently in the oversold zone, hinting at a possible bounce.

Moving Averages: Price is trading below key MAs, signaling bearish dominance.

Traders should remain cautious and monitor the broader market trend. This could be a key accumulation zone for long-term investors as ROSE is a promising Layer 1 project with significant utility.

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