Rosecoin narxROSE

Many altcoins have undergone a steep correction, largely influenced by the rapid rise in BTC dominance, which continues to add bearish pressure. Among the hardest-hit altcoins are Thorchain ( $RUNE ) and Oasis ( $ROSE ), both of which have experienced substantial drops of 80% and 62%, respectively, in the past 60 days. Now, they are at a critical juncture, testing key support levels. Thorchain ( $RUNE ) The monthly chart for Thorchain (RUNE) shows that the price has been consolidating within a three-year-long descending triangle pattern. The recent downtrend, which began on December 2, was triggered by a rejection from the upper resistance of the triangle at $7.58 after news of the protocol’s mounting debts. This decline brought RUNE to a major support zone, hitting a low of $0.95. However, the price has managed to hold and is now trading around $1.19. Historically, this level has acted as a strong rebound zone, and if the pattern follows previous trends, RUNE may challenge the 100-day SMA as a key resistance. A breakout above this moving average could open the doors for a retest of the descending trendline. Oasis ( $ROSE ) The weekly chart for Oasis (ROSE) shows consolidation within a descending triangle pattern. The recent downtrend, which started on December 2, was triggered by a rejection at the upper resistance trendline around $0.14. This decline brought ROSE to a major support zone, hitting a low of $0.034. However, the price has managed to hold and is now trading around $0.040. Previously, this level has acted as a strong rebound zone, and if the pattern follows previous trends, ROSE may challenge the 100-day SMA as a key resistance. A breakout above this moving average could open the doors for a retest of the descending trendline. Is a Bounce Back Ahead ? Both RUNE and ROSE are showing resilience at their key support levels. Their next moves will largely depend on Ethereum (ETH), which is currently trading at $2,600, and the broader crypto market sentiment. If ETH continues its recovery, it could provide the momentum needed for altcoins like RUNE and ROSE to confirm a breakout and start a new bullish trend. The MACD on both charts is bearish but showing signs of weakening momentum, indicating a potential reversal if a bullish crossover occurs. If buyers step in at these critical levels, both RUNE and ROSE could see a strong bounce in the coming weeks. Investors should keep a close eye on these support levels, as a break below could trigger further downside, while a confirmed bounce could present an attractive entry point for long-term gains.

Many altcoins have undergone a steep correction, largely influenced by the rapid rise in BTC dominance, which continues to add bearish pressure. Among the hardest-hit altcoins are Thorchain ( $RUNE ) and Oasis ( $ROSE ), both of which have experienced substantial drops of 80% and 62%, respectively, in the past 60 days. Now, they are at a critical juncture, testing key support levels. Thorchain ( $RUNE ) The monthly chart for Thorchain (RUNE) shows that the price has been consolidating within a three-year-long descending triangle pattern. The recent downtrend, which began on December 2, was triggered by a rejection from the upper resistance of the triangle at $7.58 after news of the protocol’s mounting debts. This decline brought RUNE to a major support zone, hitting a low of $0.95. However, the price has managed to hold and is now trading around $1.19. Historically, this level has acted as a strong rebound zone, and if the pattern follows previous trends, RUNE may challenge the 100-day SMA as a key resistance. A breakout above this moving average could open the doors for a retest of the descending trendline. Oasis ( $ROSE ) The weekly chart for Oasis (ROSE) shows consolidation within a descending triangle pattern. The recent downtrend, which started on December 2, was triggered by a rejection at the upper resistance trendline around $0.14. This decline brought ROSE to a major support zone, hitting a low of $0.034. However, the price has managed to hold and is now trading around $0.040. Previously, this level has acted as a strong rebound zone, and if the pattern follows previous trends, ROSE may challenge the 100-day SMA as a key resistance. A breakout above this moving average could open the doors for a retest of the descending trendline. Is a Bounce Back Ahead ? Both RUNE and ROSE are showing resilience at their key support levels. Their next moves will largely depend on Ethereum (ETH), which is currently trading at $2,600, and the broader crypto market sentiment. If ETH continues its recovery, it could provide the momentum needed for altcoins like RUNE and ROSE to confirm a breakout and start a new bullish trend. The MACD on both charts is bearish but showing signs of weakening momentum, indicating a potential reversal if a bullish crossover occurs. If buyers step in at these critical levels, both RUNE and ROSE could see a strong bounce in the coming weeks. Investors should keep a close eye on these support levels, as a break below could trigger further downside, while a confirmed bounce could present an attractive entry point for long-term gains.

In the cryptocurrency market, major altcoins have been struggling to hold their ground since the November rally. Many altcoins have undergone a steep correction, largely influenced by the rapid rise in BTC dominance, which continues to add bearish pressure. Among the hardest-hit altcoins are Thorchain ( $RUNE ) and Oasis ( $ROSE ), both of which have experienced substantial drops of 80% and 62%, respectively, in the past 60 days. Now, they are at a critical juncture, testing key support levels. Thorchain ( $RUNE ) The monthly chart for Thorchain (RUNE) shows that the price has been consolidating within a three-year-long descending triangle pattern. The recent downtrend, which began on December 2, was triggered by a rejection from the upper resistance of the triangle at $7.58 after news of the protocol’s mounting debts. This decline brought RUNE to a major support zone, hitting a low of $0.95. However, the price has managed to hold and is now trading around $1.19. Historically, this level has acted as a strong rebound zone, and if the pattern follows previous trends, RUNE may challenge the 100-day SMA as a key resistance. A breakout above this moving average could open the doors for a retest of the descending trendline. Oasis ( $ROSE ) The weekly chart for Oasis (ROSE) shows consolidation within a descending triangle pattern. The recent downtrend, which started on December 2, was triggered by a rejection at the upper resistance trendline around $0.14. This decline brought ROSE to a major support zone, hitting a low of $0.034. However, the price has managed to hold and is now trading around $0.040. Previously, this level has acted as a strong rebound zone, and if the pattern follows previous trends, ROSE may challenge the 100-day SMA as a key resistance. A breakout above this moving average could open the doors for a retest of the descending trendline. Is a Bounce Back Ahead ? Both RUNE and ROSE are showing resilience at their key support levels. Their next moves will largely depend on Ethereum (ETH), which is currently trading at $2,600, and the broader crypto market sentiment. If ETH continues its recovery, it could provide the momentum needed for altcoins like RUNE and ROSE to confirm a breakout and start a new bullish trend. The MACD on both charts is bearish but showing signs of weakening momentum, indicating a potential reversal if a bullish crossover occurs. If buyers step in at these critical levels, both RUNE and ROSE could see a strong bounce in the coming weeks. Investors should keep a close eye on these support levels, as a break below could trigger further downside, while a confirmed bounce could present an attractive entry point for long-term gains.

SOLUSD Triple bottom initiates new rally to $380. Solana (SOLUSD) has been trading within a Channel Up pattern since the July 29 2024 High. The recent February 03 2025 Low isn't just a Higher Low on the Channel Up but also a Triple Bottom on the Support Zone and a Double Bottom on the 1D MA200 (orange trend-line). Needless to say, this shows that technically this is a level of high demand, thus long-term Support and within the next 30 days maximum, it should initiate the new Bullish Leg of the pattern, similar to the September 06 2024 Low. Even the 1D RSI sequences between those fractals are identical. Since the previous Bullish Leg rose be +119.43%, we see no reason to do otherwise now, hence our new long-term Target is set a $380.00.

#USBitcoinReserves #CPIdata upcoming CPI report willbe on 12 February ... Beware of you capitals w8 for another dip The U.S. Bureau of Labor Statistics (BLS) releases the Consumer Price Index (CPI) data monthly. The next CPI report, covering January 2025, is scheduled for release on February 12, 2025, at 8:30 AM Eastern Time. The most recent CPI data, released on January 15, 2025, indicated that in December 2024, the CPI for All Urban Consumers increased by 0.4% on a seasonally adjusted basis, and by 2.9% over the last 12 months on a non-seasonally adjusted basis. The index for all items less food and energy rose by 0.2% in December and was up by 3.2% over the year.