Market Overview for Oasis/Tether (ROSEUSDT): 24-Hour Price Breakdown and Technical Insights

• Oasis/Tether (ROSEUSDT) experienced a sharp selloff during the 21:00–22:30 ET window, dropping from ~0.027 to ~0.018.
• The pair rebounded into the 0.0193–0.0205 range overnight, suggesting short-term buyers re-entered the market.
• Volatility surged to over 20% during the selloff, but has since stabilized with lower-range consolidation.
• Notable bearish divergence in RSI during the decline hints at potential oversold conditions.
• High volume spikes coincided with the 21:00–22:30 sell-off, confirming price action and hinting at liquidity exhaustion.

Oasis/Tether (ROSEUSDT) opened at 0.02712 on 2025-10-10 12:00 ET, hit a 24-hour high of 0.02748 and a low of 0.01132, and closed at 0.01994 as of 2025-10-11 12:00 ET. Total volume over 24 hours was 768,244,400, with a notional turnover exceeding $16.3 million, reflecting significant price volatility.

Structure & Formations

Price action for ROSEUSDT was marked by a sharp bearish breakdown from early in the 24-hour window, with the low of 0.01132 acting as a critical support level during the selloff. The bounce off this level formed a potential bullish reversal pattern, particularly in the 0.0180–0.0195 range. A series of lower highs and lower lows in the 21:00–22:30 ET window indicates bearish momentum, while the subsequent consolidation suggests a potential pause or reversal in the short term. A notable bullish engulfing pattern emerged at the end of the session, with price closing near the high of the 15-minute candle, indicating possible buying pressure. A key support level now appears at ~0.0194–0.0196, while resistance forms around 0.0202–0.0205 and 0.0208.

Moving Averages

The 15-minute chart shows the 20-period and 50-period moving averages (SMA20 and SMA50) both trending downward during the selloff phase but have begun to flatten as price stabilizes. On the daily chart, the 50-period SMA is at ~0.0192, while the 200-period SMA is slightly lower at ~0.0189. This suggests the 50-day line may offer some near-term support, and the price has re-entered above the 50 SMA for the first time in several sessions. A cross above the 200 SMA could confirm a longer-term bullish trend. However, with the 50 SMA now closely tracking price, a break above or below it could signal a continuation or reversal.

MACD & RSI

The MACD line has turned positive during the late session, with the histogram showing a slight bullish divergence from the 01:00–05:00 ET window. This may signal that selling pressure is easing. The RSI is currently at ~54, indicating that the pair is no longer overbought and is showing early signs of balance between buyers and sellers. During the selloff, RSI reached ~18–20, suggesting a potential oversold condition. If RSI remains above 30 and continues to rise, this would support a near-term bullish bias. A sustained move above 55 may confirm a stronger momentum shift.

Bollinger Bands

Volatility, as reflected in Bollinger Bands, initially expanded during the selloff, with the lower band falling to ~0.0112 by the 21:45 ET window. Price then consolidated within a narrower range, moving between the middle and upper bands in the 0.0193–0.0205 range. This indicates a potential shift from high volatility to consolidation. The price currently sits near the middle band, which is at ~0.0199, suggesting the market is in a neutral phase. A break above the upper band could confirm a reversal, while a retest of the lower band may confirm a bearish continuation.

Volume & Turnover

Volume spiked dramatically during the selloff, particularly between 21:00–22:30 ET, with the largest candle (21:45 ET) showing a high of 0.01978, low of 0.01874, and volume of 14,425,101.6. This confirms the bearish sentiment during the breakdown. However, volume has since declined significantly, with most candles showing between 2–5 million volume units. The decline in volume during the recovery phase is a mixed signal—it could indicate lack of follow-through, but it may also reflect a stabilization of market sentiment. Notional turnover, which reached a 24-hour peak during the selloff, has since normalized.

Fibonacci Retracements

Applying Fibonacci retracements to the 21:00–03:00 ET swing (high of ~0.023, low of ~0.01132), the 61.8% level is now at ~0.0183, and the 38.2% level is at ~0.0199. Price briefly touched the 38.2% level during the rebound and is currently hovering near that level. This suggests a potential pivot point for near-term traders. A break above the 38.2% retracement could target the 50% level (~0.0209) and beyond, offering a possible short-term bullish target.

Backtest Hypothesis

Given the sharp correction and subsequent consolidation, a potential backtest strategy could be built around a "breakout above key Fibonacci levels" and confirmation via RSI and MACD. For example, a long entry could be triggered on a breakout above the 38.2% level (~0.0199) with RSI above 40 and a positive MACD cross. A stop-loss might be placed below 0.0192, with a target at 0.0205 and a more aggressive target at 0.0209. This approach would focus on the reversal dynamics observed post-selloff and seeks to capitalize on the early bullish momentum reemerging.