Market Overview: Open Campus/Tether (EDUUSDT) - 24-Hour Analysis (2025-10-08)

• Open Campus/Tether (EDUUSDT) traded in a 24-hour range of $0.1424–$0.1556 with a late-night pullback and early morning consolidation.
• Momentum indicators signal weakening buying pressure and potential short-term oversold conditions after the decline.
• Key resistance remains at $0.1490–0.1495, while critical support is forming around $0.1440–0.1450.
• Volume and turnover surged during the mid-night sell-off, followed by quieter trading in the early morning.
• Bollinger Bands show a recent narrowing, suggesting a potential breakout or continuation in the near term.

EDUUSDT opened at $0.1472 on 2025-10-08 at 12:00 ET and traded to a high of $0.1556 before settling at $0.1451 by 12:00 ET. The pair reached a low of $0.1424 during the session, with a total trading volume of ~76.2 million and a notional turnover of $11.1 million. Price action indicates a bearish sentiment late in the session, with consolidation early in the morning.

Structure & Formations

The price action over the last 24 hours features multiple key support and resistance levels. A major resistance cluster is forming around $0.1490–0.1495, with multiple failed attempts to break past this level in the evening. On the downside, a strong support line is developing near $0.1440–0.1450, which held during the overnight sell-off and again early in the morning. A large bearish engulfing pattern was visible around 20:15 ET, confirming a shift in sentiment. Additionally, a doji near $0.1455 in the early morning suggests indecision and potential consolidation ahead.

Moving Averages

On the 15-minute chart, the price closed below both the 20-EMA and 50-EMA, indicating a weakening trend with a possible continuation of the downtrend. The 50-EMA is currently at ~$0.1460, while the 20-EMA is slightly lower, reinforcing bearish bias. On the daily chart, the price is well below the 50-, 100-, and 200-day SMAs, with the 50-day line acting as a dynamic resistance near $0.1475.

MACD & RSI

The MACD crossed below the signal line in the late-night session, confirming a bearish divergence. The histogram has been shrinking since the morning, suggesting some fading momentum. The RSI reached a low of 28 in the early morning, entering oversold territory, but has shown no sign of a meaningful rebound. This points to potential consolidation or a short-term bounce, though confirmation is still needed.

Bollinger Bands

Bollinger Bands are currently in a narrow range, with the price hovering around the midline. This indicates a period of low volatility and potential breakout ahead. The 20-period Bollinger Bands show the price within a range of $0.1440–$0.1465 on the 15-minute chart, with a recent contraction suggesting a possible move either above or below this range.

Volume & Turnover

Volume spiked during the late-night sell-off, with a large candle at 20:15 ET showing a turnover of ~$2.6 million. This was followed by a sharp drop in both volume and turnover, with the morning session showing quieter trading. Price and turnover are aligned during the sell-off, which adds credibility to the bearish move. However, a divergence between volume and price is not present, supporting the idea that the decline is genuine and not a short-term trap.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing high at $0.1556 and swing low at $0.1424, key levels to watch include 38.2% at $0.1467 and 61.8% at $0.1446. The price currently resides near the 61.8% level, which may provide some near-term support or trigger a bounce. On the 15-minute chart, retracement levels from the 20:15 ET high also show $0.1450 as a critical zone of interest.

Backtest Hypothesis

The backtesting strategy under consideration involves entering a short position on a break below the 61.8% Fibonacci level with a stop-loss above the 38.2% retracement and a target at the 50% level. The data supports the feasibility of this strategy, given the current alignment of Fibonacci levels with key support and resistance areas. However, as with any strategy, it must be tested over multiple cycles and adjusted for slippage and execution conditions.