Rising Momentum After Local Support Rebound
ROSEUSDT as of writing trades near $0.02049 after rebounding from the $0.0181–$0.0185 area, where buyers absorbed steady sell-side pressure. This level acted as the turning point behind the latest intraday shift. The move from red to green price regions signals improving short-term sentiment.
The earlier part of the chart shows ROSE navigating a narrow range near $0.0188 to $0.0190, where repeated attempts to hold support were tested. Sellers controlled the initial phase, yet gradual higher lows began forming around the midpoint. This pattern introduced the first signs of returning demand.
Momentum strengthened after price advanced beyond $0.0193 and later $0.0197, forming a clean break above $0.0200. The absence of immediate retracement shows buyers remained active. Exchange volume confirms solid participation rather than a low-liquidity spike, supporting the strength of this recovery phase.
Long-Term Wedge Structure Nears a Critical Point
The broader ROSEUSDT chart reflects a falling wedge that has shaped market behavior for nearly two years. Captain Faibik, in a recent post, noted expectations for an upside breakout while adding exposure at current levels. This wedge is formed by lower highs and lower lows, with price now pressing against its upper boundary.
Recent action differs from earlier cycles, as a higher low has formed above the previous capitulation wick. This development indicates weakening downward momentum. Compression phases within a wedge often lose force near the pattern’s endpoint, and the current formation fits this behavior.
A projected upside zone appears on the chart, consistent with typical wedge breakout measurements. This region reflects a possible extension of 120–130% from the current market range. However, confirmation requires a daily close above the descending trendline, as past breakout attempts failed due to a lack of sustained follow-through.
Market Metrics Support an Early Recovery Attempt
Short-term performance shows ROSEUSDT up +9.11% over 24 hours and +6.51% over four hours. These gains align with the recent breakout above $0.0200. Medium-term readings remain negative, reflecting the wider downtrend, but the current shift may mark the early stage of recovery interest.
Long/short ratios across exchanges show growing confidence among experienced traders. Binance accounts hold a ratio of 1.3137, while top traders show 1.7834. This indicates stronger conviction toward upside continuation, though broad positioning remains moderate.
Liquidation data reveals more short liquidations during the recent rise, confirming traders were caught offside during the breakout. Binance leads trading activity with $16.84M in volume, reinforcing that the move is supported by active market engagement. Together, these metrics align with strengthening demand as ROSE approaches a key technical level.