Date: Monday, June 23, 2025
The cryptocurrency market continues to experience heightened volatility amid escalating geopolitical tensions, particularly as the conflict between Israel and Iran intensifies with U.S. involvement. As a result, major digital assets have suffered significant declines. Ethereum (ETH), for example, has dropped from a monthly high of $2,877 to $2,230. Altcoins, which often mirror ETH's movements, have similarly taken a hit — and Oasis Network (ROSE) is among the most affected.
Over the past week, ROSE has fallen by 16%, extending its monthly losses to approximately 33%. Despite this sharp downturn, technical indicators suggest the potential formation of a bullish reversal pattern, drawing strong parallels to price action observed in late 2024 — a period that preceded a substantial rally.
Historical Fractal Points to Possible Recovery
In late 2024, ROSE exhibited a well-defined technical structure: after an extended decline within a falling wedge pattern, the token found support at a key horizontal level and subsequently surged over 100%, ultimately reaching its macro descending resistance line.
According to a chart analysis shared by Coinsprobe on TradingView, the current price action appears to be echoing that same structure.
ROSE is presently trading near $0.022, once again moving within a falling wedge pattern after a steep decline. As in the prior instance, the price is consolidating toward the apex of the wedge — a setup that historically precedes bullish breakouts. The token is also trading below its 100-day moving average (currently around $0.029), a level that previously flipped from resistance to support following the 2024 breakout.
Key Levels to Watch
If the fractal plays out similarly to the previous cycle, ROSE could soon break out of the wedge pattern and make a move toward reclaiming its 100-day moving average. A successful breakout above this level would likely initiate a strong upward trend, with price targets potentially reaching as high as $0.080 — representing a gain of over 250% from current levels. This area also coincides with the long-term descending resistance trendline that acted as a ceiling during the last major rally.
Outlook and Caution
While the technical setup presents a high-probability bullish scenario, it is important to note that confirmation is still pending. A decisive breakout from both the wedge pattern and the 100-day moving average is essential before any bullish momentum can be confirmed.
Moreover, broader market conditions remain susceptible to ongoing geopolitical developments, particularly as global tensions persist. Traders and investors are advised to approach cautiously, waiting for confirmation signals before entering positions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consider consulting a financial advisor before making investment decisions.