Summary
•
formed a bearish engulfing pattern on 5-min chart before breaking key support at 0.01105.
• Momentum weakened as RSI dropped to oversold territory and MACD trended downward.
• Volatility expanded after midday, with volume surging as price tested 0.0108 level.
• Bollinger Bands widened significantly after 19:00 ET, suggesting increased price uncertainty.
• A bullish reversal pattern emerged near 0.01085, with volume increasing on closing buys.
Oasis/Tether (ROSEUSDT) opened at 0.01114 on 12:00 ET–1, reached a high of 0.01128, touched a low of 0.01055, and closed at 0.01056 on 12:00 ET. The 24-hour volume was 49,000,507.3 and turnover totaled approximately $5.2 million.
Price Structure and Key Levels
ROSEUSDT saw a strong bearish move after 19:00 ET, breaking through 0.01105 support and forming a key bearish engulfing pattern. Price then consolidated near 0.0108 before a minor rebound. A 5-min Fibonacci retracement from the 0.01105–0.0108 range showed 0.01093 as a critical 38.2% retracement level, which failed to hold.
Momentum and Volatility
The RSI dropped sharply into oversold territory by 05:15 ET, suggesting potential for a short-term bounce. MACD turned bearish with a negative histogram, reinforcing downward momentum. Volatility, as measured by Bollinger Bands, expanded after 19:00 ET, signaling increased market uncertainty.
Volume and Turnover Analysis
Volume surged during the bearish breakdown, especially between 19:00 and 20:00 ET, with a high of 4.5 million contracts traded in one 15-minute window. Turnover increased in sync with price declines, showing aggressive liquidation. A divergence occurred between volume and price during the 0.0108–0.01055 leg, which may suggest fading bearish conviction.
Forward Outlook and Risk Consideration
ROSEUSDT appears to be consolidating near 0.01056 with a potential test of the 0.0105–0.01045 support zone ahead. A rebound above 0.01075 could signal a short-term reversal, but a break below 0.01055 may accelerate further downside. Investors should watch for divergence in volume and RSI as possible early signs of exhaustion.
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