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ROSE Token Nears Breakout With 470% Growth Potential in Bullish Pattern
The ROSE token is showing a strong bullish pattern, hinting at a sharp price rise soon. According to recent analysis, key price targets of $0.23039, $0.35560, and $0.46623 are anticipated after a breakout.
In the meantime, traders are eyeing the entry zone of $0.08086 for pullbacks and will need to place their stop-loss 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 serves as a reliable indicator of a possible trend reversal.
Market analysts have identified that the cup and handle formation signifies a strong bullish momentum as the token approaches a breakout. This phase is characterized by a rounded bottom, which has been completed. The token is now in the consolidation phase of the “handle”, often preceding significant upward movement.
Following the expected breakout, the price is likely to reach $0.23039 initially and then continue its upswing towards $0.35560, and finally, $0.46623.
Source: cryptonewsland.com
