Oasis/Tether Market Overview

• ROSEUSDT surged 68.8% over 24 hours, closing at $0.02898 from $0.02460.
• Strong bullish momentum seen via RSI (overbought 75) and expanding Bollinger Bands.
• Volume and turnover spiked 7.5x intraday, confirming price strength.
• Key resistance at $0.02955–$0.02980 and support at $0.02750–$0.02790.

Oasis/Tether (ROSEUSDT) opened at $0.0246 on 2025-10-09 at 12:00 ET and closed at $0.02898 at 12:00 ET on 2025-10-10, reaching a high of $0.02968 and a low of $0.02439. Total volume for the 24-hour period was 147.7 million ROSE, while notional turnover hit $4,288,000.

Structure & Formations

ROSEUSDT exhibited a strong bullish continuation with a notable series of higher highs and higher lows, especially from 17:00 to 20:00 ET, when a strong 15-minute bullish engulfing pattern formed. A key support level appears to be at $0.02750, where the price found a temporary floor following a sharp pullback around 14:00–15:00 ET. Resistance is forming near $0.02955–$0.02980, where several candle closes occurred near the upper Bollinger Band during peak momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both strongly bullish, with the price above both. The 50-period line is rising sharply, indicating sustained momentum. On the daily timeframe, the 50, 100, and 200-period MAs are aligned to the upside, reinforcing the bullish trend.

MACD & RSI

MACD lines remain positive and ascending, with the histogram growing in size, indicating strong bullish momentum. The RSI is currently at 75, suggesting the pair may be overbought, though this level has held several times during the rally and appears to be acting as a temporary ceiling more than a sell signal.

Bollinger Bands

Volatility expanded significantly during the 24-hour period, with the bands widening as the price surged. The price closed near the upper band on several occasions, especially after the 05:00–06:00 ET breakout, indicating strong participation from retail and institutional buyers.

Volume & Turnover

Volume surged to over 17 million ROSE at 06:00–07:00 ET and again at 11:00–12:00 ET, aligning with price highs. Notional turnover rose in parallel, with intraday spikes reaching $180,000. Notably, there were no divergences between price and volume, supporting the narrative of a strong, confirmed bullish move.

Fibonacci Retracements

Applying Fibonacci retracements to the key 24-hour swing from $0.02439 to $0.02968, the price has cleared both the 61.8% ($0.02806) and 78.6% ($0.02908) levels. A break above $0.02955 could target the 100% extension at $0.03042. On the 15-minute chart, the 38.2% retracement at $0.02816 and 61.8% at $0.02931 have both been tested, but not yet confirmed as support/resistance.

Backtest Hypothesis

Given the strong alignment of moving averages, the confirmed bullish breakout at 05:00–06:00 ET, and the absence of bearish divergences, a potential backtest strategy could involve a long entry near the 61.8% Fibonacci level ($0.02806) with a stop just below $0.02750. A take-profit target could be set at $0.02955, representing the next key resistance zone. This approach would leverage the current bullish momentum, strong volume confirmation, and the overbought RSI as a continuation signal. The use of Bollinger Bands also supports the idea of a continuation trade, with the price hovering near the upper band.