Date: Fri, May 02, 2025 | 05:45 PM GMT
After a shaky start to 2025—highlighted by Ethereum (ETH) crashing 45% in Q1—the crypto market has begun to show signs of life. ETH has rallied nearly 31% from its April 7 low, igniting optimism across the board. And now, that renewed bullish momentum is starting to spill over into key altcoins.
Among these altcoins, Oasis (ROSE) — which had also endured a harsh correction — has managed to pull off a noticeable rebound. The token surged by 15% over the past 30 days, trimming its yearly losses to 59%. Now, a key harmonic pattern is forming on the charts, hinting that the recovery may not be over just yet.
Harmonic Pattern Signals More Upside
The daily chart for ROSE reveals the formation of a Bearish Cypher Pattern, but as of now, there’s still plenty of upside room left as the token works its way toward point D to complete the structure.
ROSE’s sharp decline began around February 21, after failing to hold above the $0.04688 resistance level (marked as point X). From there, the token dropped more than 58%, eventually bottoming out near $0.01922 on April 7 (point C).
However, since that low, ROSE has started to rebound, and the recent price action suggests it is now completing the CD leg of the pattern — a move that could take the price higher before any significant resistance kicks in.
From the current level around $0.032, ROSE could climb toward point D, projected near $0.04096. That would represent a potential 28% gain if the pattern completes as expected.
What’s Ahead?
Should the bullish momentum continue, all eyes will be on the $0.04096 zone — the Cypher’s D point and a key resistance aligned with the 78.6% Fibonacci retracement of the X-A leg. Historically, this is where many harmonic patterns face rejection or consolidation.
However, if bulls push through and ROSE manages to break past $0.04096, a full recovery toward the original X point at $0.04688 could be next — which is a 46% upside from the current level.
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