Open Campus/Tether Market Overview

• Price drifted lower through the day, closing at 0.1316 after a morning peak near 0.1384
• Volatility remained elevated through key 15-minute breaks, particularly pre-ET and midday
• Volume surged past 329,700 as price hit 0.1304, suggesting potential short-term exhaustion
• RSI dipped into oversold territory in late hours, hinting at possible near-term bounce
• Bollinger Bands expanded sharply post-ET, indicating a period of high uncertainty in price direction

At 12:00 ET-1, Open Campus/Tether (EDUUSDT) opened at 0.1351, reached a high of 0.1387, and closed at 0.1316 at 12:00 ET. The total volume over 24 hours was 10,467,413, and the notional turnover was $1,375,736.

Structure & Formations

The past 24 hours displayed a pronounced bearish drift, with price failing to hold key resistance levels above 0.1365. A significant bearish engulfing pattern formed during the early ET hours after a morning rally, signaling potential exhaustion in bullish momentum. A doji formed near 0.1382 at 02:15 ET, suggesting indecision and potential reversal risk. Strong support appears to be forming near 0.1313–0.1316, with price testing this level in the final candle.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are both bearish and below price, with the 20SMA pulling down as price dipped. Daily moving averages (50/100/200) remain bearish, with the 50DMA acting as a key psychological level at ~0.1360. Price remains well below all, indicating a strong downtrend is in place.

MACD & RSI

The MACD line has remained negative throughout the 24-hour period, with a bearish crossover confirmed during early ET hours. The histogram has shrunk slightly in the last 3 hours, suggesting a possible waning in bearish momentum. The RSI has dipped into oversold territory (below 30) in the final hour, suggesting a possible rebound in the near term. However, the divergence between price and RSI may hint at a deeper pullback.

Bollinger Bands

Bollinger Bands have expanded sharply in the last 8 hours, indicating increased volatility and uncertainty in the market. Price has been trading near the lower band for much of the day, with a recent retest near 0.1313–0.1316 suggesting a potential floor. A sharp contraction in the bands could follow if price stabilizes, but for now, the wide bands reflect heightened risk-taking behavior among traders.

Volume & Turnover

Volume has surged significantly in the last few hours, with a large 15-minute candle at 16:00 ET-1 showing 329,700 units traded as price hit 0.1304. This volume spike supports the recent price move lower but may also indicate a short-term bottom. Turnover has also spiked, reaching $1,375,736, but appears to have diverged from price as it hit the lower end of the Bollinger Bands, suggesting traders are becoming more cautious.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.1304–0.1384 swing shows the 38.2% level at ~0.1347 and the 61.8% level at ~0.1325. Price is currently consolidating near 0.1316, below the 61.8% level, suggesting a potential bounce could target the 0.1325 level before facing resistance again.

Backtest Hypothesis

A potential backtesting strategy could focus on entries at the 61.8% Fibonacci level (~0.1325) with a stop-loss placed below the recent low of 0.1311. A take-profit could be set near the 38.2% retracement level at 0.1347, leveraging the recent bearish trend with a Fibonacci-based mean-reversion approach. This strategy could benefit from RSI divergence and Bollinger Band contraction as confirmation signals, providing a defined risk-reward structure for the next 24–48 hours.