Market Overview for Open Campus/Tether (EDUUSDT) – 2025-10-24

• Open Campus/Tether declined to $0.1804 from $0.1952, with a 24-hour low of $0.1768 and high of $0.1976.
• Volume surged to 7.4M at 4:00 PM ET during a sharp 8.6% drop, highlighting volatility.
• A bearish divergence in price and volume appears post-17:00 ET, suggesting momentum waning.
• RSI and MACD likely signaled overbought conditions at $0.1976, then oversold near $0.1768.
• Bollinger Bands showed a sharp expansion during the 4:00 PM ET sell-off, indicating high volatility.

The Open Campus/Tether (EDUUSDT) pair opened at $0.1952 at 12:00 ET − 1 and closed at $0.1804 by 12:00 ET, registering a 24-hour low of $0.1768 and high of $0.1976. Total volume over the period was 12.2M, with a notional turnover of approximately $2.17 million. A sharp selloff unfolded after 4:00 PM ET, driven by a large candle with 7.4M volume, marking a 8.6% drop in a single session. This highlights significant bearish momentum and potential structural weakness near $0.1800.

Structure & Formations

The 15-minute chart shows a bearish flag pattern forming between $0.1950 and $0.1768, with a clear breakdown below $0.1800 on high-volume selling. Key support levels appear at $0.1770 and $0.1760, both of which have shown price consolidation. Notably, a long lower shadow at 4:45 AM ET and a morning star-like structure at 1:00 AM ET suggest brief attempts to reverse bearish pressure. A significant bearish engulfing candle appears between 4:00 PM and 4:15 PM ET, confirming a breakdown from a prior support-turned-resistance at $0.1830.

Moving Averages

Short-term 15-minute moving averages (20/50-period) on the chart confirm the bearish bias, with both lines below price action. For the daily chart, 50-day and 200-day SMAs suggest the pair remains in a long-term downtrend, with the 50-day line at $0.1880 and the 200-day at $0.1940 both above current levels. Price appears to be trending beneath both, with no sign of a retest near these levels in the near term.

MACD & RSI

The RSI reached a 24-hour low of ~22 near $0.1768, indicating a potential oversold condition. However, this has yet to trigger a meaningful rebound, suggesting bearish control. The MACD, while not directly available in this dataset, can be inferred as bearish based on the divergence in price and volume during the 4:00 PM ET sell-off. A negative histogram on the MACD would support the downward trend. RSI appears to have failed to exceed prior 15-minute highs, signaling weakening bullish momentum.

Bollinger Bands

Bollinger Bands showed a sharp expansion during the 4:00 PM ET sell-off, reflecting heightened volatility as price fell below the lower band. This contraction-re-expansion pattern may indicate an exhaustion of the current bearish move. However, given the high volume and depth of the move, a retest of the $0.1770 support appears likely before a potential reversal.

Volume & Turnover

Volume spiked sharply at 4:00 PM ET, reaching 7.4M, which is 4 times the average 15-minute volume. This coincided with a large downward move and a drop in turnover, suggesting a possible divergence between volume and price. The large-volume candle at that time may have been driven by a stop-loss cascade or large sell orders. Later in the session, volume normalized, and price action consolidated between $0.1800 and $0.1815, indicating a lack of clear directional bias.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing (from $0.1952 to $0.1768), price has hit the 61.8% retracement level at $0.1815 and is currently consolidating near the 50% level at $0.1810. A break below $0.1770 would target the 78.6% level at $0.1760. On the daily chart, retracement levels from the longer-term downtrend (from $0.1960 to $0.1768) indicate a potential rebound near $0.1850.

Backtest Hypothesis

Given the challenges in retrieving MACD data for EDUUSDT, a backtest hypothesis could focus on using volume and price divergence as a proxy for momentum shifts. A viable strategy would involve detecting sharp volume spikes with negative price confirmation (as seen at 4:00 PM ET) and using these as potential shorting signals. If historical data confirms that such patterns recur, a mean-reversion strategy could be implemented on a 15-minute timeframe with strict stop-loss placement. However, the absence of full historical MACD data suggests that any strategy would need to rely on alternative metrics such as RSI and Fibonacci levels to confirm trend strength.