Oasis

The post <a href="https://coinpedia.org/price-analysis/oasis-network-eyes-breakout-run-to-push-rose-price-to-0-20/" rel="noopener noreferrer nofollow">Oasis Network Eyes Breakout Run To Push ROSE Price To $0.20</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Amidst the growing altcoins market, the ROSE price is teasing a strong breakout rally with the recent surge. Aiming for a 50% jump with the next breakout, the rising buying pressure teases a bull run shortly.&nbsp;
With this breakout possibility, the altcoin price is preparing to rank higher in the top performer’s chart. Further, our <a href="https://coinpedia.org/price-prediction/oasis-network-rose-price-prediction/" rel="noopener noreferrer nofollow">ROSE price prediction</a> supports the possibility of a bull run and eyes the $1 this year.&nbsp;
<h2 class="wp-block-heading" id="h-rose-price-trend-close-to-breakout">ROSE Price Trend Close To Breakout</h2>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234.png" alt="" class="wp-image-273598" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/28140209/image-234-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
Source- <a href="https://www.tradingview.com/x/3qNLL8XD/" rel="noopener noreferrer nofollow">Tradingview</a>
With a bullish reversal from the ascending support trendline, the ROSE price displayed a jump of 20% in the last seven days. Moreover, the rise in trading volume of 57% supports the bull run, projecting a rise in demand.
In the daily chart, the altcoin displays an ascending triangle pattern with a neckline at the $0.14 mark. Further, the recent jump projects a high likelihood of a bullish breakout to cross the neckline at the previous peak.&nbsp;
Currently, the ROSE price trades at $0.13874, with an intraday gain of 3.42%, following the 3% late-night jump yesterday. Thus, the daily trend projects a rise in trend momentum.&nbsp;
Technical Indicators:
MACD Indicator: The MACD and signal lines display a sharp uptick to give a bullish crossover. Thus, the momentum indicator represents a trend reversal for the altcoin.
<h2 class="wp-block-heading" id="h-will-oasis-network-continue-the-bull-run">Will Oasis Network Continue The Bull Run?</h2>
As the bullish momentum dominates the recovery trend, the Oasis Network price trend is preparing for a breakout event. The trend continuation will likely surpass the overhead resistance zone, highlighting an entry spot for sideline traders.
In such a case, the breakout rally can reach the $0.20 mark, a 50% jump. However, a short retest before the bull reaches $0.20 is possible for the $0.14 breakout.

Oasis Network Eyes Breakout Run To Push ROSE Price To $0.20

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