Crypto ROSE Drops 9% as Oasis Faces Growing Selling Pressure
The price of ROSE — the native token of the Oasis Network layer 1 blockchain — has plummeted more than 9% in the past 24 hours, amid widespread negative sentiment and selling pressure across the cryptocurrency market. The downward pressure is pushing ROSE to its lowest level in months, raising concerns about a continued downtrend.
ROSE Falls Deeply, Losing Over 22% in a Week
As of press time, ROSE is trading at $0.0314, down more than 9% on the day and more than 22% over the past week. This is its lowest price since early Q2 2025. While still holding gains of around 68% since its April 7 bottom of $0.019, ROSE is now 94% below its all-time high of $0.59.
Over the past 12 months, ROSE has lost over 63% of its value, reflecting a negative long-term trend, despite short-term rallies across the altcoin market.
Lack of Upside Momentum – Bearish Trend Continues
After reaching a local peak of $0.14 in early December 2024, ROSE has entered a long-term correction phase. The lack of clear bullish signals in recent times continues to allow bears to take control, prolonging the current downtrend.
Although the crypto market has had its moments of recovery — with Bitcoin (BTC) surpassing $107,000 — the negative wave from the stock market and Moody's downgrade of the US credit rating quickly wiped out the upside momentum. ROSE, along with many other altcoins, has not been immune to this impact.
Volumes Rise, but Open Interest Falls Sharply
ROSE’s 24-hour trading volume increased by 21% to over $17 million, indicating increased trading activity. However, derivatives data from Coinglass shows that Open Interest fell by 12%, reflecting a decline in investor confidence in the short-term uptrend.
This also fits with the current technical picture — as the relative strength index (RSI) is hovering just above neutral territory but trending downward, signaling continued selling pressure.
“Although the market has not seen a full-blown crash, the defensive sentiment is dominant. Without fresh buying pressure and positive news to support, ROSE could continue to fall to deeper support levels,” said an analyst at CryptoQuant.
Oasis Network Still Has Long-Term Potential, But Needs Time to Recover
Despite facing short-term downward pressure, Oasis is still considered one of the layer 1 blockchains with long-term potential. With its Confidential EVM technology and private data encryption capabilities, Oasis positions itself as a solution for dApps that require high security and performance.
However, in the context of the market lacking macro momentum and money flowing out of risky assets, ROSE price may continue to face correction pressure before recovering sustainably.
