AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox


Summary
• ROSEUSDT broke below 0.01330 on a bearish engulfing pattern.
• RSI under 30 signals oversold conditions, but bearish momentum remains strong.
• Volume spiked during the 24-hour low, confirming the bearish move.
• Price remains within a descending channel, with 0.01325 next target.
Oasis/Tether (ROSEUSDT) opened at 0.01335, peaked at 0.01351, hit a 24-hour low of 0.01267, and closed at 0.01303 at 12:00 ET. Total volume was 25,620,673.8, with a notional turnover of approximately $333,000.
Price Action and Structure
ROSEUSDT formed a bearish engulfing candle at the 12:00 ET close, confirming a breakdown below the 0.01330 support level. A descending channel is clearly defined, with 0.01325 the immediate next target.

Indicators and Momentum
The RSI has dropped below 30, indicating oversold conditions, but the MACD remains bearish with negative divergence. Price has spent most of the 24-hour window within Bollinger Bands, showing moderate volatility with a recent contraction. The 5-minute 20SMA is well below price, reinforcing the downward trend.
Volume and Turnover
Volume spiked during the 24-hour low, with the largest volume candle occurring at 0.01280 as the price collapsed from 0.01302 to 0.01267. Notional turnover increased in tandem with price weakness, supporting the bearish momentum.
Oversold RSI levels may invite a short-term bounce, but a sustained move above 0.01315 is unlikely without a reversal in momentum. Traders should remain cautious as the 0.01325 level could test for support, with further downside risk if it fails.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.07 2025

Dec.07 2025

Dec.07 2025

Dec.07 2025

Dec.07 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet