Market Overview for Open Campus/Tether (EDUUSDT) on 2025-10-07

• Open Campus/Tether (EDUUSDT) rallied to 0.1512 before retracing to 0.1472, forming a bullish consolidation pattern.
• Momentum picked up after 04:30 ET with a strong move above 0.1500, signaling potential breakout.
• Volatility surged during the rally, with a 2.6% range from 0.1450 to 0.1512 on heavy volume.
• RSI moved into overbought territory post-breakout, while volume confirmed the upward move.
• Bollinger Bands expanded as price tested the upper band, hinting at a possible mean reversion or breakout continuation.

Open Campus/Tether (EDUUSDT) opened at 0.1449 on 2025-10-06 at 12:00 ET and closed at 0.1472 on 2025-10-07 at 12:00 ET, with a high of 0.1512 and a low of 0.1432. Total volume traded in the last 24 hours was 9,613,449.0 units, with a notional turnover of ~$1,419,519. The price action featured a distinct bullish breakout and consolidation pattern.

Structure & Formations

The 15-minute chart shows a bullish engulfing pattern forming at 04:30 ET, following a consolidation phase between 0.1450 and 0.1485. Price broke out of a descending triangle pattern that had been forming since 19:00 ET on October 6. A key support level emerged around 0.1472 after the 14:45 ET candle, which also acted as a psychological floor. A potential resistance zone developed at 0.1512, where price stalled briefly before a retracement started. A doji formed at 14:30 ET, indicating indecision at the peak of the rally.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line, forming a bullish “golden cross” at 04:30 ET. This coincided with the breakout from the triangle. The 50-period MA was trending upwards and provided dynamic support during the retracement. On the daily chart, the 50-period MA is at 0.1465, and the 200-period MA at 0.1452, both offering potential support should the current rally stall.

MACD & RSI

The MACD turned positive at 04:30 ET and remained above the signal line, confirming the bullish momentum. RSI hit an overbought level of 72 at 04:45 ET, but it did not trigger a significant pullback, suggesting strong buying pressure. The RSI then dipped to neutral levels during the consolidation, but remained above 50, which is a sign of continued bullish intent.

Bollinger Bands

Bollinger Bands expanded during the rally, with price reaching the upper band at 0.1512, a clear sign of increased volatility. The band width increased from ~0.0012 to ~0.0035, indicating a breakout scenario. Price tested the upper band again at 13:45 ET but failed to push through, leading to a retracement toward the 0.1472 level. The retracement found support within the band and is now hovering near the upper middle band.

Volume & Turnover

Volume spiked during the breakout at 04:30 ET, reaching 652,281 units, which is significantly above the daily average. Turnover increased in tandem, confirming the price action. A divergence appeared at 14:45 ET, with volume dropping to 261,371 units as price retraced to 0.1472, but this was not a bearish signal as the volume remained above average for the asset class. The volume profile suggests that the rally is supported by larger traders, while retail activity remains balanced.

Fibonacci Retracements

Key Fibonacci levels were defined using the low at 0.1432 and the high at 0.1512. The 38.2% level is at 0.1467, and the 61.8% at 0.1494. Price found support at 0.1472, slightly below the 38.2% level, indicating the possibility of a retracement to that level as a target. If the bulls take control again, the next Fibonacci level to watch is the 61.8% at 0.1494.

Backtest Hypothesis

Given the presence of a bullish engulfing pattern, a golden cross in moving averages, and confirmed bullish momentum on the MACD and RSI, a potential backtesting strategy would involve entering a long position at the close of the bullish engulfing candle (04:30 ET) with a stop loss placed below the 0.1472 support. A take profit could be set at 0.1494, the 61.8% Fibonacci retracement level. This approach would test whether early bullish signals in a breakout scenario can be reliably traded with proper risk management.