Market Overview for Oasis/Tether (ROSEUSDT)

Summary
• Price tested 0.01115 resistance, with failed attempts creating bearish momentum.
• RSI entered overbought territory above 70, signaling potential near-term pullback.
• Volatility expanded midday as volume surged past 13 million, coinciding with a key high at 0.0115.
• A bullish engulfing pattern emerged near 0.01105, suggesting possible short-term bounce.
• Price remains above 50-period 5-min MA, indicating continuation of short-term bullish bias.

Oasis/Tether (ROSEUSDT) opened at 0.01103 on 2026-01-01 12:00 ET, reached a high of 0.0115, and closed at 0.01147 by 12:00 ET on 2026-01-02, with a low of 0.01093. Total volume amounted to 62.8 million, with turnover of 698,772.6.

Structure and Candlestick Formations

Price formed a bullish engulfing pattern at 0.01105, hinting at a potential rebound from key support. However, the failed break above 0.01115 and the bearish harami around 0.01116 suggest lingering resistance above that level. A doji at 0.01116 marked indecision, aligning with the 20-period MA on the 5-minute chart.

Moving Averages and Momentum

The 50-period 5-minute MA remained slightly bullish, with price testing but not yet breaking above. On the daily chart, the 200-period MA is not yet crossed, indicating a continuation of a longer-term range. RSI crossed into overbought territory midday, suggesting caution for further short-term gains.

Bollinger Bands and Volatility

Volatility expanded notably around 16:45–17:00 ET, as price surged above 0.0115. This expansion coincided with high volume and pushed price near the upper Bollinger Band. A subsequent contraction implies a potential consolidation phase.

Volume and Turnover Analysis

Volume spiked sharply after 16:45 ET, with a massive 13.6 million traded at 0.0115, confirming the move higher. Turnover surged to $155k at this time, reinforcing the strength of the bullish breakout. No significant divergence was observed between price and turnover.

Fibonacci Retracements

A recent 5-minute swing from 0.01093 to 0.0115 shows a 61.8% retracement at 0.01121, where price found resistance and pulled back. The 38.2% retracement at 0.01119 coincided with a short-term consolidation phase, suggesting a key level to watch for potential continuation or reversal.

Price may test the 0.0112–0.01125 range in the coming 24 hours, with the potential for a pullback if RSI fails to sustain above 60. Investors should remain cautious about overextended momentum and watch for a breakdown below 0.01115 as a bearish signal.