• ROSE nears a breakout, testing a Falling Wedge pattern on the weekly chart.
  • First resistance targets are $0.133–$0.155, with potential gains up to $0.415.
  • ROSE’s technicals and growing adoption suggest a bullish move if market conditions favor.

Oasis Network’s token, ROSE , is showing signs of a major breakout. According to crypto analyst Crypto Bullet, ROSE’s weekly chart reveals an attempt to break out of a large Falling Wedge pattern. 

The first target lies between $0.133 and $0.155. A successful breakout could generate significant attention for ROSE, drawing in new investors.

Potential Breakout in Progress

The Falling Wedge is a technical pattern known to signal upward price movements. ROSE is currently testing this pattern and may be on the verge of breaking through. 

If successful, the first key resistance level is between $0.133 and $0.155. Analysts believe that if this level is breached, the rally could extend further.

As per the X post below, Crypto Bullet has also outlined higher price targets. The second target sits at $0.305, while the third target is $0.415. As of writing, ROSE is trading at $0.07, having gained 7.2% in the last 24 hours. 

$ROSE 1W chart #ROSE is trying to break out of a giant Falling Wedge 📈
I think we’ll see a good rally soon

🎯 Target 1 – $0.133-0.155
🎯 Target 2 – $0.305
🎯 Target 3 – $0.415 pic.twitter.com/0L3MJETZWK

— CryptoBullet (@CryptoBullet1) September 21, 2024

ROSE’s chart structure has been tightening, creating excitement among traders and investors. As the wedge narrows, bulls are eager to see a breakout soon.

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Why ROSE Is Gaining Attention?

Oasis Network has earned a reputation for its focus on privacy and scalability. Its ability to handle high workloads while keeping costs low has attracted significant interest. 

Now, with the current setup on the weekly chart, ROSE has caught the attention of technical traders. The Falling Wedge often precedes bullish breakouts, and many believe ROSE could be primed for substantial gains.

While the crypto market is typically volatile, ROSE’s strong technicals and growing adoption give it an edge. If the breakout occurs, hitting the $0.305 or $0.415 targets could lead to a significant price rally. 

Investors are keeping a close watch as the chart continues to develop, and ROSE looks poised for a potential move upward. Keep an eye on ROSE over the coming weeks as momentum builds.

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