Market Overview for Open Campus/Tether (EDUUSDT) - 2025-10-23

• Price declined intraday from 0.1875 to 0.1817 before recovering to 0.1982 at close.
• Strong volume expansion in the morning hours confirmed a bullish breakout above prior resistance.
• RSI and MACD show positive momentum, suggesting continued upward bias.
• Key support levels identified near 0.1840 and 0.1815; resistance now near 0.2020.
• Fibonacci 61.8% retracement of the morning pullback aligns with the 0.1960 level.

Overview and Key Price Action

Open Campus/Tether (EDUUSDT) opened at 0.1861 on 2025-10-22 at 12:00 ET and closed at 0.1982 on 2025-10-23 at the same time. The pair reached a high of 0.2020 and a low of 0.1817 during the 24-hour period. Total trading volume reached 13,277,211.0, while notional turnover was approximately $2,594,407.00. The price action showed a strong reversal from a morning dip, suggesting a potential bullish trend continuation.

Structure and Candlestick Formations

The candlestick pattern over the last 24 hours revealed a classic bullish reversal after a sharp decline. A key Bullish Engulfing pattern emerged at the 0.1835 level on October 23 at 06:00, followed by a strong green candle reaching a high of 0.1953. The 0.1840 level is currently a strong support, while the 0.2020 high represents a key resistance. A potential continuation pattern may form if price holds above 0.1960.

Moving Averages and Volatility Indicators

The 20-period and 50-period moving averages on the 15-minute chart both support the bullish bias, with price currently trading above both. On the daily chart, the 50, 100, and 200-period moving averages remain in a bullish alignment, reinforcing the upward trend. Bollinger Bands widened significantly during the early morning surge, signaling rising volatility and a potential breakout.

Momentum and Fibonacci Retracement

RSI moved into overbought territory above 60, indicating strong upward momentum, while MACD lines showed a positive divergence. The price is currently hovering near the 61.8% Fibonacci retracement level of the morning pullback, which aligns with the 0.1960 level. This level may serve as a potential pivot if the pair faces selling pressure.

Backtest Hypothesis

To establish a reliable backtest strategy, the EDUUSDT pair on Binance appears suitable, given its liquid and consistent daily bars. A 20-period moving average crossover or key candlestick patterns such as the Bullish Engulfing can serve as entry triggers. For the “next resistance level” exit rule, identifying the most recent 20-day swing high (a classic pivot high) above the entry price is a sound approach. This would be followed by closing the position when the price first touches or exceeds the identified level. Additional risk controls such as a 3% stop-loss and a 10% take-profit cap could enhance the strategy’s robustness.