Open Campus/Tether Market Overview

• Price for EDUUSDT rose from $0.1316 to $0.1353, with a high of $0.1355 and a low of $0.1296.
• Strong bullish momentum in the final hours with a 4.3% gain in the last 6 hours.
• Volatility remained high, with Bollinger Band expansions observed during key price swings.
• Notable volume spikes occurred at 15:30 and 16:00 ET, coinciding with breakout movements.
• RSI reached overbought territory near 70 late in the session, suggesting caution.

The Open Campus/Tether (EDUUSDT) pair exhibited a clear bullish bias over the past 24 hours, opening at $0.1316 and closing at $0.1353 by 12:00 ET. The 24-hour high reached $0.1355, while the low dropped to $0.1296. Total volume amounted to 1,458,328 contracts, with notional turnover reaching $191,420. Price action shows a strong rally in the latter half of the day, supported by increased volume and upward momentum.

Structure & Formations

Price formed a bullish engulfing pattern at 16:00 ET as it broke through the upper Bollinger Band and a 61.8% Fibonacci level from earlier support. A key support level emerged at $0.1315, where the price found repeated buying pressure and reversed upward. A doji formed at 17:00 ET, suggesting indecision but eventually leading to a continuation of the rally. Resistance now appears at $0.1355, where further consolidation or a pullback could occur.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with price trading above both and forming a positive divergence. On the daily chart, the 50-period MA is rising and appears to offer strong support at $0.1320, while the 200-period MA remains flat, indicating a potential long-term buy signal.

MACD & RSI

MACD showed a bullish crossover during the afternoon, with both the line and histogram rising, confirming the momentum shift. RSI reached an overbought reading of 72 at 15:30 ET, suggesting a potential pullback could be imminent. However, price continued higher, indicating strong conviction.

Bollinger Bands expanded significantly during the breakout, with price touching the upper band and forming a wide channel. This suggests a period of heightened volatility and strong directional bias. The price closed near the upper band, reinforcing the bullish narrative.

Volume & Turnover

Volume surged during key price advances, particularly at 15:30 ET and 16:00 ET, confirming the strength of the rally. Turnover spiked in tandem with price, showing no signs of price-volume divergence. The increase in volume during the late hours suggests strong accumulation by institutional or algorithmic buyers.

Fibonacci Retracements

The 61.8% Fibonacci level from the $0.1296 to $0.1355 swing acted as dynamic support during the rally, validating the Fibonacci approach. A retracement to $0.1330–$0.1335 would be a likely scenario if a pullback occurs. The 38.2% level remains a watch point for short-term traders.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern occurring near the 20-period moving average, confirmed by a MACD crossover and rising volume. A stop-loss could be placed at the 38.2% Fibonacci level, while a take-profit target may aim for the 61.8% level or the upper Bollinger Band. This approach aligns well with today’s price action and could be backtested across similar 15-minute candle formations in the past 90 days to assess its robustness.