Market Overview: Open Campus/Tether USDt (EDUUSDT) – 24-Hour Technical Analysis

• Price action shows a bullish rally ending near a prior resistance level.
• RSI and MACD indicate strong upward momentum with no overbought signal yet.
• Volatility expanded during the rally, with volume surging in the final 4 hours.
• A bearish rejection candle emerged near key resistance, suggesting caution.
• Fibonacci levels suggest a possible pullback to 0.1290 or 0.1285 in the next 24 hours.

EDUUSDT opened at 0.1268 on 2025-09-04 12:00 ET and closed at 0.1304 on 2025-09-05 12:00 ET. The pair reached a high of 0.1315 and a low of 0.1260 over the 24-hour period. Total volume traded was 3,616,186 and notional turnover was 455,339 USD. The price action was driven by a late-night rally fueled by strong volume and a breakout of a key resistance.

Structure & Formations

The 15-minute chart showed a strong bullish trend over the past 8 hours, breaking above a prior resistance level at 0.1289 and reaching 0.1315. This was supported by strong bullish engulfing patterns and a long upper wick during the final surge. However, a bearish rejection candle formed at 0.1315 on 2025-09-05 12:15 ET, suggesting a potential short-term top. Key support levels appear at 0.1290 and 0.1285, with 0.1260 as a deeper level of interest.

Moving Averages & Momentum Indicators

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish and trending upward, confirming the strength of the rally. The 50-period MA crossed above the 20-period MA earlier in the session, signaling a bullish crossover. The RSI is currently at 55, indicating strong momentum without overbought conditions. The MACD remains positive with a narrowing histogram, suggesting potential for a consolidation phase or short-term reversal.

Bollinger Bands & Volatility

Volatility expanded significantly during the late-night and early-morning hours, with the price reaching the upper Bollinger Band at 0.1315. The bands were wide, reflecting increased market participation and momentum. The price closed near the middle Bollinger Band, indicating a potential consolidation phase. A contraction in the bands could suggest a period of lower volatility and potential breakout or breakdown.

Volume & Turnover

Volume spiked during the final 4 hours of the 24-hour period, especially during the last 90 minutes before the close at 12:00 ET. Turnover increased in tandem with price action, confirming the bullish move. The divergence between price and volume was minimal, suggesting strong conviction in the upward move. However, the bearish rejection candle at 0.1315 was accompanied by a moderate volume spike, which may indicate a short-term reversal.

Fibonacci Retracements

Using the most recent swing low at 0.1260 and the swing high at 0.1315, key Fibonacci levels suggest a potential pullback to 0.1290 (38.2%) and 0.1285 (50%). A deeper pullback could test the 0.1278 (61.8%) level, which has historically acted as a strong support. If the rally fails to hold above 0.1278, the price may test the 0.1260 level again.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a bullish breakout above 0.1289, using the 20-period moving average as a trailing stop to lock in gains. RSI levels between 55 and 60 could be used to confirm the strength of the move, while a bearish rejection candle or a reversal in the MACD would signal a potential exit. This strategy would aim to capture the upward momentum while limiting exposure during a possible consolidation phase.