Market Overview for Oasis/Tether (ROSEUSDT) on 2025-10-08

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• ROSEUSDT traded in a 24-hour range of $0.02507–$0.02613 with a close of $0.02574, showing moderate bullish consolidation late in the session.
• Price action reversed from a 20-period MA on 15-min chart, with RSI near 50 and no overbought/oversold signals.
• Volatility expanded in the final 3 hours, with total turnover reaching $165.5 million and 221 million traded volume.
• Key resistance at $0.0258–$0.0259 held, while support at $0.0255–$0.0256 appears firm ahead of Fibonacci 38.2% retracement level.
• A bullish engulfing pattern formed at 03:45 ET, followed by a bearish divergence between price and volume at 06:15 ET.

ROSEUSDT opened at $0.02525 on 2025-10-07 at 12:00 ET, reached a high of $0.02613, fell to a low of $0.02507, and closed at $0.02574 at 12:00 ET on 2025-10-08. The 24-hour notional turnover totaled $165.5 million on a traded volume of 221 million. Price action showed a bullish reversal pattern late in the session, with volume increasing sharply.

Structure & Formations

Price tested key support levels at $0.0255 and $0.0256 multiple times, finding buying pressure on the latter. A bullish engulfing pattern emerged at 03:45 ET after a prior bearish rejection, indicating a potential short-term reversal. A doji at 05:45 ET highlighted indecision, while a hammer-like candle at 07:00 ET signaled renewed bullish momentum. A bearish divergence appeared between price and volume at 06:15 ET, suggesting caution ahead of potential consolidation.

Moving Averages, MACD, and RSI

On the 15-minute chart, price crossed above the 20-period moving average multiple times, confirming bullish momentum. The 50-period MA acted as a dynamic support in the latter half of the session. MACD remained above zero with expanding positive divergence, while RSI hovered near 50, avoiding overbought or oversold extremes. This suggests balanced momentum without extreme overextension.

Bollinger Bands & Volatility

Bollinger Bands showed a moderate expansion in the final 3 hours of the session, with price reaching the upper band at 14:15 ET before retreating. Volatility remained above average, with a standard deviation of 1.32. The lower band acted as a support at $0.0255 during the overnight hours, indicating a narrowing range with increasing consolidation.

Volume & Turnover

Turnover spiked at 06:15 ET and 14:15 ET, coinciding with price consolidation and pullbacks. However, the price did not form a new high during these spikes, suggesting potential exhaustion. A bearish divergence between volume and price appeared at 06:15 ET, where volume increased while price pulled back, signaling caution. The total volume of 221 million was 24% higher than the 7-day average, reflecting increased market interest.

Fibonacci Retracements

Key Fibonacci retracements applied to the 03:45 ET to 06:15 ET bearish swing showed a 38.2% level at $0.02574, coinciding with the 12:00 ET close. The 61.8% level at $0.02553 acted as a critical support. On the daily chart, a 38.2% retracement of the 2025-09-28 to 2025-10-01 move is at $0.02548, while the 61.8% level sits at $0.02452. The current close is near the 38.2% level, suggesting potential for a retracement or breakout.

Backtest Hypothesis

A possible backtesting strategy involves entering long positions at the 38.2% Fibonacci retracement level when price breaks above the 50-period moving average and RSI is above 50. The exit is triggered when the 20-period MA is breached with a bearish MACD crossover. Given the recent pattern of consolidation and bullish divergence, this strategy could offer high-probability entries with tight stop-loss levels. Over the next 24 hours, traders should monitor for a potential breakout above $0.0258 or a retest of $0.0255 for confirmation.