ROSE Technical Analysis: Retest Rally Breaks Above $0.30; Should You Join The Rally?

ROSE coin price shows the $0.25 retest rally surpassing the $0.30 mark as buying pressure grows. Will the uptrend reach the $0.40 mark? Key technical points: ROSE prices have decreased by 0.41% in the past 24 hours. In addition, the prices surpass all the crucial daily EMA. Finally, the 24-hour trading volume of Oasis Network is $213 Million, marking a 0.79% rise. Past Performance of ROSE On April 1st, the ROSE price completed the retest of the 200-day EMA with a long-tail bullish candle formation. Followed by the retest, the buyers regained trend control and created a bullish engulfing candle of 13.89% on April 3rd. Hence, resurging bulls indicate a high possibility of uptrend continuation above the $0.30 mark. Source-Tradingview ROSE Technical Analysis The growth in buying pressure drove the ROSE coin price higher by 20% last week as it hits the $0.3 mark. However, the bears hindered the retest rally close to the $0.25 mark, resulting in a short-accumulation the previous week. The crucial daily EMAs (50, 100, and 200-days) avoid a death cross with the 50-day EMA reversal and increase the chances of a bullish crossover with the 100-day EMA. Moreover, the price trend continues above all the crucial daily EMAs. RSI Indicator: The RSI slope flattens slightly below the overbought boundary in the daily chart after the recent reversal from the 14-day SMA. Nonetheless, the remarkable rise over the weeks reflects a solid underlying b...