Date: Monday, June 26, 2025 | Time: 6:25 PM GMT
As geopolitical tensions escalate — particularly with the ongoing conflict between Israel and Iran now drawing in the United States — the global crypto market remains under pressure. Major cryptocurrencies like Ethereum (ETH) have taken a hit, with ETH sliding from a monthly high of $2,877 down to $2,230. Altcoins, which typically follow ETH’s lead, have also felt the impact. Among the hardest hit is Oasis Network (ROSE).
Over the past week, $ROSE
has dropped 16%, bringing its monthly losses to a steep 33%. But amid the bearish momentum, a potentially bullish technical setup is starting to emerge — one that mirrors a historical pattern from late 2024 that preceded a major breakout.
Fractal Points to Potential Reversal for ROSE
If we rewind to late 2024, ROSE exhibited a textbook falling wedge pattern that culminated in a powerful rally. After grinding lower for weeks, the token found solid support at a key horizontal level, then surged more than 100%, ultimately testing a long-term descending trendline.
According to recent charts from TradingView and Coinsprobe, a similar pattern appears to be forming now.
Currently trading around $0.022, ROSE is once again compressing within a falling wedge — a formation that often signals a bullish reversal. It's also lingering just below its 100-day moving average (MA), now at approximately $0.029 — the same dynamic level that flipped from resistance to support after the previous breakout.
What’s the Outlook for ROSE?
If this fractal continues to play out as it did in 2024, ROSE could be gearing up for a breakout above the wedge pattern, followed by a reclaim of the 100-day MA. A confirmed move above this level could ignite a strong rally toward the $0.080 mark — representing a potential 250%+ gain from current prices.
This target coincides with a long-term descending resistance trendline that acted as a cap during ROSE’s last major bull move.
Still, it’s important to note that this is a high-probability setup, not a confirmed reversal. The broader crypto market remains fragile due to unfolding global events. Traders should remain cautious and wait for a decisive breakout above both the wedge and the 100-day MA before considering any bullish entries.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Related: [Is Near Protocol (NEAR) Gearing Up for a Bullish Reversal? This Fractal Pattern Saying Yes!]
