ROSE Technical Analysis in a 3-Day Timeframe

22 OgoHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

ROSE has been in a bearish trend since March 2024. The price has nearly reached the support range between $0.04305 and $0.05452.

With the current price of $0.06, ROSE will likely test the 21 EMA resistance. A rejection could pull the price toward the support range, followed by a strong rebound.

The RSI is in the oversold range, and a bullish rally can be expected if the market favors the bulls.

Key levels:

- Support/Accumulation: $0.04305 to $0.05452.
- Primary Resistance: 21 EMA.
- Long-term Target: $0.23.

DYOR, NFA.

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