Summary
•
consolidates near 0.0124 after a sharp 1.9% intraday decline.
• Volume spikes at 21:30 ET align with a 6.18% rebound from 0.01213 support.
• RSI below 30 suggests oversold conditions, but downward momentum remains intact.
• Bollinger Band contraction at 05:00 ET points to potential volatility expansion.
• A 5-minute engulfing pattern at 19:00 ET failed to confirm bullish reversal.
Oasis/Tether (ROSEUSDT) opened at 0.01239 on 2026-01-06 12:00 ET, reaching a high of 0.01279 before falling to a low of 0.01213 and closing at 0.01254 on 2026-01-07 12:00 ET. Total volume was 53,024,166.4, with a notional turnover of 657,878.83 USDT.
Structure & Formations
The 24-hour period saw ROSEUSDT retest a key support level at 0.01213, which coincided with a 61.8% Fibonacci retracement of the prior upward swing. A bearish engulfing pattern formed on 19:00 ET but failed to reverse the trend. A bullish harami at 08:45 ET hinted at stabilization, though price quickly reversed lower.
Moving Averages
On the 5-minute chart, price traded below the 20 and 50-period SMAs, confirming a short-term bearish bias. The 50-period SMA is approaching 0.01245, which could serve as a dynamic resistance if a rebound forms.
Momentum Indicators
The RSI dipped to 29 by 16:30 ET, indicating oversold territory, though bearish divergence in price suggests further downside is likely. The MACD line crossed below the signal line at 18:00 ET, reinforcing bearish momentum.
Bollinger Bands
Bollinger Bands contracted significantly between 04:00–05:00 ET, signaling potential volatility expansion. By 08:00 ET, price expanded beyond the upper band on a short-lived rebound, suggesting a test of 0.0128–0.0129 resistance is possible.
Volume & Turnover
Volume spiked at 21:30 ET, coinciding with a 6.18% rebound from 0.01213, but failed to confirm a bullish breakout above 0.0127. Notional turnover peaked at 19035.81 USDT during the 21:30–21:45 ET surge, while volume remained subdued in the final 5 hours.
Fibonacci Retracements
A 5-minute Fibonacci analysis shows 0.01244 as the 38.2% retracement of the morning’s decline, and 0.01271 as the 61.8% level. These levels may act as temporary pivots for a near-term bounce.
ROSEUSDT appears to be in a consolidation phase following a strong bearish leg. A sustained close above 0.0126 could trigger a retest of 0.0128 resistance, but a breakdown below 0.0123 would increase the risk of a test of 0.0120 psychological support. Investors should monitor volume and momentum indicators for reversal cues.
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