- ROSE is showing a strong bullish pattern that hints at a sharp price rise soon.
- Analysts expect key price targets of $0.23039, $0.35560, and $0.46623 after a breakout.
- Traders are eyeing the $0.08086 entry zone for pullbacks, with stop-loss guidance at $0.05592 for safer trades.
The Oasis Network’s native token, ROSE, is currently consolidating and forming a bullish cup and handle pattern, which is a reliable indicator of a possible trend reversal. Market analyst
Rose Premium shared this analysis, highlighting the token’s potential to achieve price gains. ROSE is trading near $0.1121 with intraday gains of 7.78 percent, and traders are closely watching for a breakout that could lead to a rally.
Source: Rose Premium
Bullish Formation and Target Prices Highlight Opportunity
Rose identified that the cup and handle pattern signals a strong bullish momentum as the token is nearing a breakout. The “cup” phase, characterized by a rounded bottom, is complete, and the token is now consolidating in the “handle” phase, which often sets the stage for significant upward movement.
The breakout is expected to take ROSE to $0.23039 initially, followed by further gains toward $0.35560 and $0.46623, offering a potential growth of up to 470 percent. Analysts recommend entering the market around $0.08086 during pullbacks while keeping a stop-loss at $0.05592 to manage risks. These levels ensure a favorable balance between risk and reward, especially for cautious traders.
Network Growth Supports Investor Confidence
The Oasis Network’s focus on data privacy and decentralized applications has increased its adoption, making it a preferred blockchain for various DeFi projects. This ecosystem growth strengthens market confidence in ROSE as a token with long-term value potential.
Additionally, the token’s steady price movements and consistent volume highlight increased interest from buyers who are anticipating the next major move. Analysts believe the alignment of technical factors with growing adoption could sustain ROSE’s upward trajectory.
What Could This Mean for ROSE’s Future?
As market participants monitor the breakout, ROSE’s performance could mark a turning point in its price trajectory. Rose Prel’s analysis, published on December 28, 2024, via TradingView, provides a structured approach with clear entry points and profit targets.
The question now is whether ROSE can maintain its momentum and achieve these ambitious targets. With key levels in focus and market sentiment aligning, traders await confirmation of the breakout before acting decisively.
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