$ROSE : Is it preparing for a bullish rally? Quick technical analysis 📈
The ROSE chart on Binance shows interesting price movements. After a period of volatility, there seem to be signals of potential accumulation before an upcoming price move.
- Current price: $0.02969
- Trading volume over the last 24 hours: 92.65 million $ROSE
- 24-hour high: 3.63%+
Key technical points:
- Major support: The price is testing a strong support area around $0.02950, which has held several times.
- Trading volume: We have noticed a significant increase in trading volume in the past hours, indicating rising interest from traders.
- Bullish signals: The last candle shows a positive bounce from the support area, which may pave the way for a rise towards the next resistance.
What’s next?
- If the price manages to stay above the $0.02970 area, we might see a movement towards the next resistance at $0.03000 then $0.03039.
- It is important to monitor the trading volume, as any increase supported by high volume reinforces the strength of the bullish trend.
