Summary
• Price action suggests a bullish breakout forming near $0.1430–$0.1435.
• RSI and MACD show positive momentum with no overbought signal yet.
• Volume surged during the final 5 hours, confirming recent strength.
• A 5-minute bearish engulfing pattern appears at 04:15 ET, but was absorbed.
• Bollinger Bands tightened before the final 6-hour rally, signaling a potential break.
24-Hour Performance
Open Campus/Tether (EDUUSDT) opened at $0.1425 on 2025-12-19 at 12:00 ET, reached a high of $0.1463, a low of $0.1411, and closed at $0.1459 on 2025-12-20 at 12:00 ET. Total volume was 1,504,186 contracts, with a notional turnover of approximately $215,300.
Structure & Formations
The price formed a clear ascending triangle on the 5-minute chart, breaking above the resistance at $0.1435 during the 05:45–06:00 ET period. A bullish engulfing pattern appeared at $0.1422–$0.1427 on 04:15–04:30 ET but was quickly absorbed by buying pressure. A bearish doji was observed around $0.1423, suggesting a temporary pause in the upward trend.
Moving Averages and Fibonacci
The 20-period and 50-period moving averages on the 5-minute chart have converged, now supporting price near $0.1430. The 50/100/200-period daily moving averages remain bearish, with the 200-day average still above current price levels. On the Fibonacci retracement tool, the move from $0.1411 to $0.1463 aligns with key levels at 38.2% ($0.1434) and 61.8% ($0.1459), with the latter acting as a recent resistance-turned-support.
Momentum and Volatility
RSI has climbed from a mid-40s base to near 55, suggesting moderate bullish momentum but no overbought condition yet. MACD has shown a widening positive crossover, confirming upward bias. Volatility, as measured by Bollinger Bands, contracted between 02:45–05:00 ET before a sharp expansion coincided with the final breakout.
Volume and Turnover
Volume spiked sharply in the final 5 hours of the 24-hour window, with over 500,000 contracts traded between 05:45–06:00 ET. Notional turnover closely followed price action, confirming the strength of the upward move. No significant divergence between volume and price was observed, indicating conviction in the rally.
Forward Outlook
Price appears to be testing the upper boundary of its ascending triangle, and a close above $0.1465 could signal a continuation of the bullish trend. Traders may watch for a retest of the $0.1459 level for confirmation. However, increased volatility and a bearish doji at $0.1423 suggest caution, and a pullback into the $0.1425–$0.1430 range could be expected in the next 24 hours.
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