Market Overview for Oasis/Tether (ROSEUSDT) – 24-Hour Analysis

Summary
• Price declined 6.7% on the 24-hour 5-minute chart, with key support at 0.01186.
• High volume and rising turnover suggest increased bearish conviction after midday.
• RSI and MACD signal bearish momentum, with RSI approaching oversold territory.
• Bollinger Bands narrowed in the overnight session before expanding sharply with the selloff.
• A bullish reversal failed to materialize above 0.01212, indicating short-term bearish bias.

Oasis/Tether (ROSEUSDT) opened at 0.01196 on 2026-01-08 12:00 ET, reached a high of 0.01217, and closed at 0.01192 by 12:00 ET on 2026-01-09. Total traded volume was 48,076,600.0 and notional turnover was $57,424.82 over the 24-hour window.

Structure and Candlestick Formations

The 24-hour 5-minute OHLCV data shows a clear bearish bias, with the price forming a series of lower highs and lower lows. A notable bearish engulfing pattern appeared around 04:00 ET, confirming a downward shift in sentiment. A small doji at 06:15 ET signaled temporary indecision, but the price continued to trend lower. Key resistance levels include 0.01212 and 0.01217, while the 0.01186 level appears to be holding as support.

Indicators and Momentum

The 20-period and 50-period moving averages on the 5-minute chart have both turned downward, confirming a bearish bias. MACD shows a declining histogram and a negative crossover, suggesting weakening bullish momentum. RSI has dropped into the 30–35 range, indicating near-oversold conditions but without a strong reversal signal. This suggests the selloff may not be over yet.

Volatility and Bollinger Bands

Volatility was relatively low during the overnight hours but expanded sharply during the early morning selloff. Price action remained below the lower Bollinger Band for much of the session, especially in the late morning and early afternoon. The contraction earlier in the week may have set up conditions for a breakout, which has now materialized to the downside.

Volume and Turnover

Volume increased significantly during the morning session, particularly between 01:00 ET and 04:00 ET, as the price broke below key support levels. Turnover also spiked during this period, confirming the bearish move. However, volume has since declined, suggesting some exhaustion in the downward trend. The divergence between price and volume could hint at a potential short-term bounce, though further confirmation is needed.

Forward-Looking View

The price may find near-term support around 0.01186, with a potential bounce into the 0.01202–0.0121 range. However, a break below 0.01186 could open the door for a test of the next major support at 0.01178. Investors should remain cautious and watch for volume confirmation on any reversal attempts.