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ROSE/USDT Perpetual – Technical Market Analysis
The ROSE/USDT chart is showing some intriguing signals as the price currently sits at $0.07848, up +3.09% over the last 24 hours. This movement has captured attention as ROSE tests critical support and resistance levels.
Key Insights:
Resistance Zone:
The $0.090 - $0.100 range has established itself as a resistance zone, where the price was rejected in the past. A breakout beyond this level could signal a strong upward continuation.
Support Zone:
There's strong support around the $0.070 - $0.075 level, a zone that has held multiple times during price corrections, showing a clear buyer interest in this range.
Trendline Breakout:
Recently, ROSE broke out of a descending trendline, which indicates potential for a trend reversal from bearish to bullish.
What’s Next?
Bullish Case: If the price can break above the $0.090 resistance zone, we might see ROSE head towards the $0.10 level or beyond.
Bearish Case: If the price fails to maintain momentum and falls below the support zone, we could see a retest of the lower support levels around $0.050 - $0.035.
Traders should monitor these zones closely for potential entries, keeping risk management in mind as the market remains volatile. Stay tuned for more updates as ROSE approaches key levels!
#CryptoTrading #ROSEUSDT #Market
Analysis #BinanceFutures
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