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Oasis (ROSE) Breakout Alert: Targeting $0.133, $0.305, and $0.415

CryptonewslandCryptonewsland2024/09/21 21:06
By:Cryptonewsland
  • ROSE nears a breakout, testing a Falling Wedge pattern on the weekly chart.
  • First resistance targets are $0.133–$0.155, with potential gains up to $0.415.
  • ROSE’s technicals and growing adoption suggest a bullish move if market conditions favor.

Oasis Network’s token, ROSE , is showing signs of a major breakout. According to crypto analyst Crypto Bullet, ROSE’s weekly chart reveals an attempt to break out of a large Falling Wedge pattern. 

The first target lies between $0.133 and $0.155. A successful breakout could generate significant attention for ROSE, drawing in new investors.

Potential Breakout in Progress

The Falling Wedge is a technical pattern known to signal upward price movements. ROSE is currently testing this pattern and may be on the verge of breaking through. 

If successful, the first key resistance level is between $0.133 and $0.155. Analysts believe that if this level is breached, the rally could extend further.

As per the X post below, Crypto Bullet has also outlined higher price targets. The second target sits at $0.305, while the third target is $0.415. As of writing, ROSE is trading at $0.07, having gained 7.2% in the last 24 hours. 

$ROSE 1W chart #ROSE is trying to break out of a giant Falling Wedge 📈
I think we’ll see a good rally soon

🎯 Target 1 – $0.133-0.155
🎯 Target 2 – $0.305
🎯 Target 3 – $0.415 pic.twitter.com/0L3MJETZWK

— CryptoBullet (@CryptoBullet1) September 21, 2024

ROSE’s chart structure has been tightening, creating excitement among traders and investors. As the wedge narrows, bulls are eager to see a breakout soon.

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Why ROSE Is Gaining Attention?

Oasis Network has earned a reputation for its focus on privacy and scalability. Its ability to handle high workloads while keeping costs low has attracted significant interest. 

Now, with the current setup on the weekly chart, ROSE has caught the attention of technical traders. The Falling Wedge often precedes bullish breakouts, and many believe ROSE could be primed for substantial gains.

While the crypto market is typically volatile, ROSE’s strong technicals and growing adoption give it an edge. If the breakout occurs, hitting the $0.305 or $0.415 targets could lead to a significant price rally. 

Investors are keeping a close watch as the chart continues to develop, and ROSE looks poised for a potential move upward. Keep an eye on ROSE over the coming weeks as momentum builds.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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