Oasis/Tether Market Overview

• ROSEUSDT declined from 0.02675 to 0.02573 before rebounding to close near 0.02638
• Momentum weakened during the 24-hour period, with RSI showing overbought conditions late
• Volatility expanded sharply as price moved through key Fibonacci levels
• Bollinger Bands signaled a breakout after a period of contraction
• Volume surged on the rebound, confirming bullish reversal attempts

ROSEUSDT traded from an open of 0.02675 at 12:00 ET – 1 to a low of 0.02573 before closing at 0.02638 at 12:00 ET on 2025-10-06. The 24-hour volume reached 65,997,235.51, with a notional turnover of approximately $1,705,932. Price formed a bullish rebound after hitting 0.02573, with a strong close in the upper half of the day’s range.

Structure & Formations

The 15-minute chart displayed a bearish breakdown to 0.02573, followed by a potential bullish reversal pattern. A bullish candle at 0.02592 and subsequent higher closes suggest a short-term support level forming around 0.026. A doji formed near 0.02638, signaling indecision. Key resistances are now at 0.02645 and 0.0266, with 0.0262 acting as a dynamic support.

Moving Averages

The 20-period moving average was around 0.02605, while the 50-period line sat at 0.02615, indicating a slight bullish crossover. On the daily chart, the 50-period and 200-period lines are converging, suggesting a potential reversal in the broader trend. The 100-period line at 0.02625 acts as a medium-term reference point.

MACD & RSI

The MACD line turned positive during the final hours of the day, crossing above the signal line and indicating a bullish momentum reversal. RSI, which had dipped into oversold territory near 33, rose back into neutral to overbought levels (72–76) toward the close. This suggests a strong short-term bounce but may also point to overextending bullish moves ahead.

Bollinger Bands

Bollinger Bands contracted before the price move to 0.02573, suggesting a period of consolidation before a breakout. Price closed near the upper band at 0.02638, indicating increased volatility and a possible continuation of the bullish trend in the near term.

Volume & Turnover

Volume surged during the rebound phase, especially around 0.02604–0.02613, where the majority of the buying pressure was concentrated. The notional turnover mirrored the volume increases, reinforcing the strength of the bounce. No significant divergence between price and volume was observed, which is a positive sign for continuation.

Fibonacci Retracements

Fibonacci retracements from the recent 0.02573 to 0.02638 swing show that the 38.2% level is around 0.02606 and the 61.8% level at 0.02634. The 0.02635–0.02645 range appears to be the next key area for a potential pullback or consolidation.

Backtest Hypothesis

A potential backtesting strategy could be to enter a long position at a close above the 0.02634 Fibonacci level with a stop below 0.02605. The MACD crossover and the RSI’s return to overbought territory suggest a short-term reversal is in play, while volume confirms the strength of the move. If the 0.02645 level holds, this could indicate a continuation toward 0.0266 or 0.02675. Conversely, a breakdown below 0.02613 would invalidate the setup.