Summary
• Price formed a bullish engulfing pattern at 0.01042–0.01051 before reversing lower.
• Volatility surged as price dropped from 0.01062 to 0.00993 amid growing volume.
• RSI hit oversold territory near 0.00993–0.00996, suggesting potential near-term rebound.
Oasis/Tether (ROSEUSDT) opened at 0.01042 on 2025-12-20 12:00 ET, reached a high of 0.01062, a low of 0.00988, and closed at 0.00997 as of 2025-12-21 12:00 ET. The 24-hour volume totaled approximately 28,364,554.2 with a turnover of ~$291,858.
Structure & Formations
A bullish engulfing pattern emerged between 0.01042 and 0.01051 around 2025-12-20 23:00–23:30 ET, suggesting short-term buyers, but the pair failed to hold above 0.01058. Price then dropped sharply to 0.00993 amid a descending triangle formation and failed to retest the 0.01031–0.0104 resistance cluster during the session.
Moving Averages
On the 5-minute chart, price broke below the 20- and 50-period moving averages after 0.01052, signaling weakening momentum. On the daily chart, a key bearish crossover of the 50-period and 200-period averages around 0.01046–0.01050 suggests intermediate-term bearishness.
MACD & RSI
MACD turned negative after 0.0105, with bearish divergence appearing as price reached 0.00993 while MACD remained below zero.
RSI dipped below 30 in the 0.00993–0.00996 range, indicating oversold conditions and potential for a near-term bounce.
Bollinger Bands
Volatility expanded significantly from 0.01058 to 0.00993, with price moving near the lower band at 0.00993–0.00996, signaling a possible short-term rebound. The contraction seen between 0.01051 and 0.01058 suggested a prelude to the sharp decline.
Volume & Turnover
Volume spiked to over 4.1 million at 0.01008–0.00998, confirming bearish conviction during the 15:15–16:15 ET decline. However, price action diverged from turnover after 0.00998, suggesting weakening bearish pressure.
Fibonacci Retracements
On the 5-minute chart, price tested the 61.8% retracement level at 0.01037–0.01039 before dropping below 0.01033. Daily retracement levels suggested a potential bounce near 0.01024, but this was rejected, reinforcing bearish sentiment.
The market appears to be consolidating around 0.00997, with oversold RSI and waning volume suggesting a potential near-term bounce. However, buyers must overcome 0.01013–0.01024 to signal a reversal. Investors should remain cautious of further downside should liquidity dry up around the 0.00993–0.00988 level.
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