Comments $ROSE On Request Member | Price Action and Trading Volume Analysis.
#ROSEBasics:
Current Price: $0.0676
Market Cap: $477,557,863
Volume (24h): 22.65% - $22,559,460
Circulating Supply: 7,064,132,681 ROSE
Total Supply: 10,000,000,000 ROSE
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Price Action and Volume Analysis
1. 05/08/2024 - Abnormal Bearish Candle and Bottom
- Price: Bottom at $0.049, Close at $0.056
- Volume: 261.7M (Super High)
- After a sharp decline, $ROSE bottomed at $0.049 with an abnormal bearish candle but closed at $0.056. The very high trading volume during this period shows that there was strong participation from large investors, marking a sell-off or intervention from large buyers to maintain the price.
2. The sellers are still dominant but the supply has weakened
- Price level: Retesting the bottom of $0.049
- Trading volume: 50.79M (lower than the previous bottom)
- The price continued to return to test the supply at the bottom of $0.048 - 0.049, but this time the trading volume has decreased significantly, only 50.79M, showing that the sellers are weaker and no longer have enough strength to push the price down further. This is a sign that the support zone of $0.049 is holding.
3. Break $0.067 Resistance
- Current Price: $0.0674
- After breaking the $0.067 resistance zone, the price has maintained trading above this level, indicating that the bullish momentum has been confirmed. This could be a sign of the start of a new uptrend, especially if the trading volume continues to remain stable at high levels.
