CandleFocus ROSE/USDT Nears Resistance, Eyeing Breakout Above $0.055
2024-09-14
Author: Content Editor
The cryptocurrency ROSE is currently trading against Tether (USDT) on Binance and is approaching a significant downward resistance trendline. The price of ROSE has been on a downtrend since early 2022, but recent price activity has shown a slight uptick, indicating possible bullish sentiment. If ROSE manages to break the trendline around $0.055-$0.06, it could lead to further upside momentum and target previous highs of $0.10 to $0.15. However, if the trendline holds, the price may retest lower support levels around $0.03-$0.04. Market participants will be closely monitoring the price action in the coming weeks to see how it behaves near the trendline and support areas.
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