ROSE Technical Analysis: Should You Buy The $0.25 Retest?

ROSE coin price shows a retracement to the $0.25 support zone as a retest of the double bottom breakout. Should you consider buying the retest? Key technical points: ROSE prices have fallen 8.47% in the past 24 hours. In addition, the token prices fail to withstand the selling pressure at the 100-day EMA. Finally, the 24-hour trading volume of Oasis Network is $107 Million, marking a 1.68% rise. Past Performance of ROSE ROSE coin price action created a double bottom pattern in the daily chart with the demand met near the $0.20 support level. The support fuels the recovery rally surpasses the $0.25 zone but failed to sustain above the 100-day EMA. However, the rally shows lower price rejection from the neckline with the support of the 200-day EMA. Source-Tradingview ROSE Technical Analysis ROSE coin price shows long-tail formation post-retest of the $0.25 mark that may shortly push the prices higher. Hence, traders can find the entry at the current market price profitable. The crucial daily EMAs (50, 100, and 200-days) maintain a slightly bearish alignment with the 100-day EMA above the 50-day EMA. However, the reversal in the 50-day EMA might shortly provide a bullish crossover. RSI Indicator: The RSI slope cracks beneath the 14-day SMA after facing the rejection to approach the overbought boundary. Moreover, the falling RSI slope approaches the 50% mark and might shortly provide a fallout into the nearly oversold territory. M...