Oasis Network (ROSE) Aiming To Test The $0.06455 Resistance

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• ROSE is currently trading at $0.06355 after a 3.12% increase in price.
• There is a fresh bullish flag present on the daily chart for ROSE/USDT.
• The MACD histogram is positive at the moment.

The crypto and market education platform, IncomeSharks, took to Twitter on October 26 to share their thoughts on Oasis Network (ROSE) and what they think about the project.

ROSE / Tether US 1D (Source: TradingView)

In the Twitter post, IncomeSharks told people not to “fade the double supertrend buy signals”. The platform also added that they really like the project so it will be a “no brainer” for them.

According to CoinMarketCap, ROSE is currently trading at $0.06355 after a 3.12% increase in price over the last 24 hours. The crypto is also in the green by more than 10% over the last seven days.

ROSE / Tether US 1D (Source: CoinMarketCap)

There is a fresh bullish flag present on the daily chart for ROSE/USDT as the 9 Exponential Moving Average (EMA) line crossed bullishly above the 20 Exponential Moving Average (EMA) line on the 24th of October. Since then, ROSE’s price has been able to maintain a position above both of the EMA lines, which shows strong support for the token.

The daily MACD line has also crossed above the MACD signal line, which is another bullish flag. The MACD histogram is also positive at the moment with a slight positive gradient, which adds to the bullish thesis.

Furthermore, the price of ROSE has been rising gradually ever since the 2 EMA lines crossed, and is now looking to challenge the resistance at $0.06455. The price of ROSE may stabilize at this higher level for a brief period while bulls build some liquidity to push ROSE’s price up further. The next target is $0.06979.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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