Oasis Network's ROSE token surged 15.6% to $0.01923, driven by a tightening falling wedge pattern on the weekly chart. The price increase positions ROSE just below the $0.0195 resistance, with the token maintaining stability above the $0.0157 support level. This technical setup suggests potential for significant upside if a breakout occurs, with projections indicating a 400-500% increase based on the wedge's height.
The recent price action reflects increased buyer interest and a shift in short-term momentum, as ROSE continues to respect the descending trendlines of the wedge. The BTC-pair also saw a 16.3% gain, with ROSE priced at 0.062142 BTC. The market remains in a state of compression, with volatility contained within the wedge's narrowing boundaries, awaiting a potential breakout to define future direction.
ROSE Price Jumps 15.6% Amid Tightening Falling Wedge Formation
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