Oasis (ROSE) Plummets 9% Amid Crypto Market Slump

Layer-1 Blockchain's Token Hits Multi-Month Lows

Oasis, the slick layer-1 blockchain boasting a production-ready confidential Ethereum Virtual Machine, just saw its native token, ROSE, tank over 9%! Bearish vibes are dragging the price down to new lows not seen in months.

In the last 24 hours, ROSE took a brutal hit, dropping over 9% and hitting a low of $0.0314 as the whole crypto market turned sour. The losses have shoved the ROSE price down a staggering 22% in just one week. Ouch!

Despite the altcoin still being up 68% on the monthly chart since bottoming out at $0.019 on April 7, 2025, the current price is a whopping 94% below its all-time high of over $0.59. Over the past year, ROSE has crashed more than 63%. Talk about a rollercoaster!

With no bullish momentum in sight, the bears might keep pushing this downtrend that kicked off after ROSE hit $0.14 in early December 2024. Brace for impact!

Bitcoin (BTC) and the top altcoins tanking alongside stocks on Monday didn't do Oasis any favors. The risk-on party that recently sent BTC soaring above $107,000 fizzled out fast when stocks took a dive after Moody's downgraded the U.S. credit rating. But hey, at least it hasn't triggered a total market crash... yet. Analysts are keeping their eyes peeled for a shift in sentiment that could reignite the altcoin party.

For ROSE, the 24-hour trading volume is up 21% to over $17 million. But hold up—derivatives data from Coinglass shows a 12% dip in open interest, pointing to a seriously bearish outlook. This vibe matches the recent price drop and the technical picture on the daily chart. Yikes!

Check out the chart above—the relative strength index is screaming increased downward pressure, even though it's just barely above the neutral point. And that indicator? It's sloping down, baby!

ROSE price is also chilling below the middle band after getting rejected at the upper band. Looks like it's time to buckle up for a wild ride!