Market Overview: Open Campus/Tether (EDUUSDT) on 2025-09-14

• Open Campus/Tether (EDUUSDT) traded in a bearish trend, forming a deep bearish channel from $0.1427 to $0.1365.
• RSI and MACD both signaled bearish momentum with no signs of overbought conditions.
• Volume surged during the sharp decline toward $0.1365, confirming the bearish move.
• Bollinger Bands widened as volatility increased with price near the lower band.
• A potential Fibonacci retracement level at $0.1397 appears to act as a short-term support zone.

At 12:00 ET on 2025-09-14, Open Campus/Tether (EDUUSDT) opened at $0.1403 and traded between $0.1427 and $0.1343 before closing at $0.1346 at 12:00 ET. Over the 24-hour period, the pair saw total trading volume of 4,583,908.0 and a notional turnover of approximately $633,075.00, reflecting heightened activity as the pair drifted lower. The price action reflected bearish momentum and growing bearish conviction.

Structure & Formations

The 15-minute OHLCV data highlights a bearish trend with several key support and resistance zones. The first notable resistance appears around $0.1419–$0.1421, with the pair repeatedly failing to hold above that level. A large bearish engulfing pattern formed around $0.1427 in the early hours, followed by a series of bearish harami patterns as the price drifted lower. The price found a temporary floor around $0.1365–$0.1362, but failed to close above the 61.8% Fibonacci retracement level at $0.1397, reinforcing bearish sentiment. A key support appears to be forming around $0.1343–$0.1351, with a potential bullish reversal in view if price stabilizes here.

Moving Averages and Volatility

The 15-minute chart shows the price below the 20 and 50-period SMAs, indicating bearish bias. On the daily timeframe, the 50, 100, and 200-period SMAs are all aligned in a bearish configuration, with the price well below the 200SMA. This suggests that the pair is in a long-term bearish phase. Bollinger Bands show a widening in the last 24 hours, indicating increased volatility. The price currently resides near the lower band, suggesting it may either find support here or continue downward.

Momentum and Oversold Conditions

The RSI has dipped into oversold territory, reaching a low of 28, which could indicate potential for a near-term bounce. However, RSI divergence is not strong enough to suggest a reversal. The MACD line is bearish with a negative histogram, reinforcing the downward trend. Together, these indicators suggest that while the pair is oversold, there is limited bullish momentum to drive a reversal unless volume picks up significantly.

Volume and Turnover

Volume and turnover have both surged during the recent bearish move, especially around the $0.1395–$0.1365 range, which aligns with the price breaking key support levels. This volume confirms the bearish move rather than suggesting a reversal. Divergence between volume and price action is minimal, suggesting strong bearish conviction. The final leg of the decline saw a massive volume spike of over 1 million at the $0.1365 close, indicating significant liquidation pressure.

Fibonacci Retracements

Fibonacci levels applied to the recent swing from $0.1427 to $0.1365 highlight key retracement levels. The 38.2% level is at $0.1405, while the 61.8% level is at $0.1397. The 50% retracement is at $0.1400. Price has tested the 61.8% level but failed to hold it, suggesting bearish bias. A potential bounce from the 50% level could provide a short-term reversal opportunity, but a break below $0.1343 would suggest the next level to watch is $0.1337.

Backtest Hypothesis

A potential backtesting strategy could involve using a combination of the 20-period EMA and RSI to identify short-term entries in a bearish context. When the price breaks below the 20-period EMA and the RSI confirms oversold conditions (below 30), a short entry could be triggered with a stop-loss placed above the most recent swing high. This approach aligns with the observed structure and momentum of the past 24 hours. A take-profit could be placed at the 38.2% Fibonacci retracement or the next key support level. The recent action validates the feasibility of this strategy, especially in a highly volatile and trending environment.