ROSE Technical Analysis: Will Bears Retake $0.20 Level?

ROSE coin price shows the $0.22 support zone cracking under intense selling pressure after multiple bearish strikes. Will the downtrend halt at $0.16? Key technical points: ROSE prices crack below the $0.22 mark. The death cross gains a bearish spread. The 24-hour trading volume of Oasis Network is $132 Million, marking a 45% rise. Past Performance of ROSE ROSE price action shows a falling channel pattern after creeping under the 50 and 200-day EMA, accounting for a downfall of 23% last fortnight. Moreover, the recent fall of 6.74% forms a bearish engulfing candle to break below the crucial support zone close to $0.22. Source-Tradingview ROSE Technical Analysis ROSE prices continue the downtrend under the $0.22 support zone and threaten a freefall below the $0.20 mark. Furthermore, the increased trading volume increases the possibility of a bearish continuation to the $0.16 mark. The crucial daily EMAs maintain a bearish alignment with the death cross, gaining spread and increasing the selling influence. MACD Indicator: It is evident that the MACD and the slow line split into the negative zone and maintain the bearish alignment. Thus, the bearish trend intensifies the negative histogram and suggests a buying opportunity. RSI Indicator: The RSI values are continuing to decline within the 14-day SMA influence and then move towards the boundary of oversold. Thus, the indicator exhibits a solid bearish trend movement. In a nutshel...