Market Overview for Open Campus/Tether (EDUUSDT): 2025-10-10

• EDUUSDT rallied from 0.1336 to 0.1475 in 24 hours, forming a bullish breakout above prior resistance.
• Price closed at 0.1350 on 2025-10-10, showing bearish exhaustion and heavy volume during the sell-off.
• MACD turned negative, and RSI dipped below 30, signaling oversold conditions.
• Bollinger Bands expanded in the final hours, reflecting rising volatility and trend instability.
• Volume spiked sharply during the breakdown below 0.1380, confirming bear momentum and diverging from earlier bullish patterns.

Open Campus/Tether (EDUUSDT) opened at 0.1381 on 2025-1009 at 12:00 ET and reached a high of 0.1475 before closing at 0.1350 on 2025-10-10 at 12:00 ET. The pair traded between 0.1336 and 0.1475 in the 24-hour window. Total volume amounted to 6,808,453.0 with a notional turnover of 908,201.12 USDT.

Structure & Formations

Price traced a distinct bullish wave from 0.1381 to 0.1475 before reversing sharply during the late afternoon and evening hours. Key resistance levels were formed at 0.1475 and 0.1455, while support levels emerged at 0.1436 and 0.1380. A bearish engulfing pattern formed at 0.1475, followed by a strong rejection at the 0.1455 level. A long-bodied bearish candle closed at 0.1350, confirming bearish dominance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bearish crossover around 0.1440 during the early hours of the morning. By 0.1350, price had decisively closed below both moving averages, reinforcing the bearish trend. On the daily chart, the 50-period MA acted as a dynamic resistance around 0.1445, with price failing to close above it during the session.

MACD & RSI

The MACD crossed below the signal line in the early morning and remained in negative territory, indicating declining momentum. The RSI reached 30 during the sell-off, signaling oversold conditions and potential for a short-term bounce. However, divergence between price and RSI suggests weak conviction in the rebound. A bearish crossover in MACD coincided with a rejection at 0.1455, further validating the bearish sentiment.

Bollinger Bands

Bollinger Bands remained relatively wide during the day, reflecting increased volatility. Price closed near the lower band at 0.1350, suggesting possible oversold conditions and a potential short-term rebound. The band contraction during the mid-day hours hinted at a consolidation phase before the sharp decline. Price action has now tested the lower band multiple times, increasing the likelihood of a bounce or a continuation of the bearish trend.

Volume & Turnover

Trading volume surged during the afternoon and evening hours, particularly between 0.1420 and 0.1350, where large bearish candles confirmed the breakdown. Notional turnover mirrored this trend, with a significant increase during the sell-off. However, volume declined during the final hours, indicating waning bearish momentum. Divergence between volume and price during the late morning suggests weak bullish conviction.

Fibonacci Retracements

Applying Fibonacci levels to the 0.1381–0.1475 swing, key retracement levels at 0.1455 (38.2%), 0.1441 (50%), and 0.1426 (61.8%) were tested. Price rejected at the 38.2% level, confirming bearish momentum. On the daily chart, a breakdown from the 0.1445–0.1336 range confirmed the 61.8% Fibonacci level as strong support. The 0.1350–0.1372 range now appears to be a critical area to watch.

Backtest Hypothesis

Based on the observed technical indicators—bearish MACD, oversold RSI, and a breakdown below key Fibonacci levels—a backtesting strategy could be constructed to short EDUUSDT near 0.1445 with a stop above 0.1455 and a target at 0.1336. This setup leverages the convergence of multiple bearish signals and aligns with the observed price rejection at key resistance levels. While the RSI suggests potential for a pullback, the overall bearish bias and volume confirmation of the breakdown support the short bias. This strategy would benefit from incorporating trailing stops as price approaches the lower band of the Bollinger Bands to manage risk effectively.