$ROSE Crypto Falls 9% as Bearish Pressure Mounts

Oasis Token Takes a Hit

ROSE, the native token of the Oasis blockchain, dropped over 9% in the past 24 hours, falling to around $0.0314. The decline comes amid a broader downturn in the crypto market, pushing ROSE down more than 22% this week.

Still Up for the Month — But Far from Highs

Despite the recent drop, ROSE is still up 68% compared to its April 7 low of $0.019. However, it remains over 94% below its all-time high of $0.59. Over the past year, the token has lost more than 63% of its value.

Technical Signs Point to Weakness

After hitting a local high of $0.14 in December 2024, ROSE has struggled to maintain upward momentum. The token now trades below its mid-range Bollinger Band, and its relative strength index (RSI) is sloping down — signs of growing selling pressure.

Market Sentiment Slips

The crypto market followed stocks lower after Moody’s downgraded the U.S. credit rating, causing risk appetite to fade. Bitcoin briefly surged above $107,000 but quickly pulled back, dragging altcoins like ROSE with it.

Volume Up, Confidence Down

While ROSE’s trading volume jumped 21% to over $17 million, open interest in ROSE derivatives dropped 12%, according to Coinglass — a signal that traders may be backing off.

ROSE remains vulnerable in the short term, and unless market sentiment shifts, further downside is possible.

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