Market Overview for Oasis Network (ROSEUSDT)

• Oasis Network (ROSEUSDT) formed a bullish reversal pattern after breaking below a key support level, suggesting potential for a bounce.
• Price traded in a volatile range today, with volume surging near the 0.0269–0.0270 key area, indicating strong interest.
• Momentum shifted from bearish to mixed as RSI approached oversold territory, hinting at possible near-term stabilisation.
• Bollinger Bands expanded significantly, pointing to increased volatility and potential for a breakout or consolidation.

Oasis Network (ROSEUSDT) opened at $0.02658 on 2025-08-07 at 12:00 ET and closed at $0.02786 by 12:00 ET the next day. The pair touched a high of $0.02855 and a low of $0.02602 during the 24-hour window. Total volume amounted to 64,226,889.4 with a notional turnover of approximately $1,777,822.30 (based on weighted average prices).

Structure & Formations

ROSEUSDT tested key support at ~0.0262 and broke below it briefly, forming a bearish breakdown before a strong reversal occurred in late trading. A bullish engulfing pattern emerged around 0.02715–0.02712, followed by a doji at 0.02762, suggesting indecision. The price has since retested prior resistance-turned-support at ~0.0278, with the 0.0278–0.0279 zone gaining importance as a potential pivot for further momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish manner around 0.0276–0.0277, signaling a potential short-term uptrend. On the daily chart, the 50-day MA appears to have crossed below the 200-day MA, indicating a bearish bias in the longer term, though the 100-day MA remains above the 50-day MA, suggesting some near-term divergence.

MACD & RSI

The MACD crossed into positive territory during the early hours of the morning, with the signal line crossing up from a negative range, indicating a shift in momentum. RSI dropped into oversold territory near 0.0261–0.0262 before rebounding, and currently hovers around the 45–50 range, suggesting potential for a pullback or continuation depending on volume flow.

Bollinger Bands

Bollinger Bands expanded notably during the early morning hours, with price breaking out above the upper band at 0.02845. This suggests a period of high volatility, with price trading near the mid-band for the majority of the day and ending in the upper half of the bands, hinting at a potential consolidation or continuation in the near future.

Volume & Turnover

Volume spiked near the 0.0269–0.0270 zone and again at the 0.0280 level, aligning with key psychological price levels and potential order block areas. Turnover increased in tandem, with no notable divergence observed between volume and price action, which lends credibility to the recent bullish momentum.

Fibonacci Retracements

A recent 15-minute swing from 0.02602 to 0.02855 places 0.0272 (38.2%) and 0.0278 (61.8%) as key Fibonacci retracement levels. The 61.8% level appears to have been tested and held, suggesting a potential continuation of the bullish trend if it holds.

ROSEUSDT may continue to consolidate in the 0.0277–0.0280 range or test the 0.0282–0.0284 level for a potential breakout. However, a breakdown below 0.0275 could signal renewed bearish pressure. Investors should monitor volume and RSI for early signs of exhaustion or strength.