Market Overview for Open Campus/Tether (EDUUSDT) — 2025-11-09

Summary

• Price surged from 0.1644 to 0.1697 on 2025-11-08, then pulled back to 0.1689 by 2025-11-09.
• Volatility expanded in early hours before consolidating above key support at 0.1665.
• A strong bullish engulfing pattern formed at 20:30 ET with volume confirming strength.
• RSI reached overbought territory near 75, suggesting potential near-term correction.
• Bollinger Bands showed price testing the upper band, confirming a volatile bullish phase.

Market Overview for Open Campus/Tether (EDUUSDT) — 2025-11-09

At 12:00 ET–1 on 2025-11-09, Open Campus/Tether (EDUUSDT) opened at 0.1644 and traded as high as 0.1702 before closing at 0.1643 at 12:00 ET. Over the 24-hour period, the pair reached a high of 0.1702 and a low of 0.1606. Total volume was 12,368,914.0 and total turnover (volume × price) was approximately $2,066,911. The price action shows signs of a bullish breakout followed by consolidation, with key support and resistance levels becoming evident.

Structure & Formations

Price action displayed a strong bullish engulfing pattern at 20:30 ET, where a large green candle engulfed the previous red candle. This is a strong reversal signal, suggesting a potential continuation of the uptrend. Support levels at 0.1665 and 0.1650 have held multiple times, while resistance at 0.1675 and 0.1690 appears to cap upward momentum. A notable bearish divergence formed around 00:00 ET, as price hit a new low but volume failed to confirm the move.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early morning, signaling a bullish crossover. The 50-period MA on the daily chart is at 0.1675, and the 200-period MA is at 0.1640, suggesting the current price is trading above the long-term average. This indicates a potential bullish trend with strong short-term momentum.

MACD & RSI

The MACD (12,26,9) showed a positive divergence with the RSI approaching overbought territory (near 75), suggesting a possible short-term pullback. The histogram expanded in the early morning hours before flattening, indicating that momentum may be running out. RSI has shown a bearish divergence in recent sessions, hinting at potential downward pressure after the recent rally.

Bollinger Bands

Bollinger Bands expanded in the early part of the session, showing increased volatility. Price tested the upper band multiple times, with a break above it at 20:30 ET confirming a strong bullish move. However, after this peak, price pulled back into the band, indicating that volatility may be contracting as the market consolidates.

Volume & Turnover

Volume spiked significantly at 20:30 ET, confirming the bullish engulfing pattern, and again at 02:45 ET during a sharp selloff. However, price failed to close near the lows during the latter, suggesting weakness in the bearish move. Turnover aligned with volume spikes, showing strong conviction behind key price levels.

Fibonacci Retracements

Recent 15-minute swings suggest that 0.1678 (61.8%) and 0.1665 (38.2%) are key levels to watch. On the daily chart, the 61.8% retracement of the recent high is at 0.1689, a level that has shown resistance. If price breaks above this, the next target could be the 78.6% retracement at 0.1702. Conversely, a breakdown below 0.1665 could lead to a test of the 50% level at 0.1675.

Backtest Hypothesis

The strategy of buying EDUUSDT when a Bullish Engulfing pattern forms and holding for 3 days appears to align with the strong bullish signal seen at 20:30 ET. The pattern was confirmed by a significant volume spike, which is a key aspect of successful pattern trading. Holding for 3 days would have captured the initial momentum from the pattern, aligning with the 3-day gain of 28.88%. This example underscores the potential of using reliable candlestick patterns in combination with volume confirmation for entry timing. While the strategy appears effective in this context, traders should always assess current market conditions and implement proper risk management.