Market Overview for Open Campus/Tether (EDUUSDT): 24-Hour Analysis as of 2025-11-01

• Open Campus/Tether (EDUUSDT) dropped 2.5% in 24 hours amid a strong bearish momentum.
• Price tested key support at $0.176–0.177, with bearish engulfing patterns confirming weakness.
• Volatility surged after 17:00 ET as volume spiked over 600,000, while RSI approached oversold levels.
• Bollinger Bands widened as price traded near the lower band, signaling high volatility.
• MACD turned negative midday, reinforcing downward bias with bearish divergence in price and momentum.

At 12:00 ET − 1, EDUUSDT opened at $0.1801 and reached a high of $0.1839 before closing at $0.1847 at 12:00 ET. The 24-hour low was $0.1761. Total volume amounted to ~3.2 million, and total turnover (notional) was approximately $600,000. Price action was characterized by a strong bearish trend early on, followed by a late rally. This suggests a possible shift in sentiment toward the end of the period.

Structure & Formations

Price action on the 15-minute chart displayed multiple bearish engulfing patterns between 17:00 and 19:30 ET, particularly around the $0.177–0.178 range, suggesting strong seller control. A large bearish candle at 17:30 ET, with a low of $0.1718 and close of $0.1744, marked a key support zone. The rally from $0.1744 to $0.1847 in the final hours showed buying interest near this level, with a doji appearing at $0.1807–0.1809, hinting at possible short-term indecision.

Moving Averages and Momentum

The 20- and 50-period moving averages were bearishly aligned for most of the session, supporting the downward bias. By the close, the 20-period MA crossed below the 50-period, forming a death cross that could reinforce bearish sentiment. MACD turned negative around 17:30 ET, with a bearish crossover indicating momentum to the downside. RSI hit oversold territory (~30) at 03:15 ET, but failed to trigger a strong bounce, suggesting weak buyer participation.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly between 17:00 and 20:00 ET as volatility spiked. Price remained near the lower band during this time, indicating oversold conditions. However, the late rally saw price move toward the middle band, signaling a temporary shift in momentum. No strong contraction in bands was observed, suggesting ongoing uncertainty in market direction.

Volume and Turnover Divergences

Volume remained elevated throughout the session, particularly during the 17:30–19:30 ET window, when a large candle with 617,184 volume opened at $0.1766 and closed at $0.1744. This period also saw a notable increase in notional turnover. However, volume during the late rally was relatively lower (~200,000), suggesting the buying interest was not as robust as the bearish phase. This divergence could hint at a weaker bullish impulse.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracement levels to the recent bearish swing from $0.1825 (high at 10:30 ET) to $0.1744 (low at 17:30 ET), the 38.2% retracement at $0.1788 and 61.8% at $0.1812 were key psychological levels. Price bounced off the 38.2% level during the late rally but failed to surpass the 61.8% level, which acted as resistance. These levels may serve as potential pivot points in the coming days.

Backtest Hypothesis

Given the observed RSI divergence and bearish engulfing patterns, the backtest strategy outlined in the provided text could offer valuable insights. If we confirm the correct ticker symbol (e.g., EDU/USDT on Binance or another exchange), we could pull the 14-day RSI series to identify overbought/oversold events. Running a backtest from 2022-01-01 to 2025-11-01 would allow us to assess the predictive power of RSI in this context. The results could help determine if oversold readings (RSI < 30) reliably predict short-term rallies or if bearish patterns like the engulfing candle signal more prolonged declines. Once data is confirmed, the analysis can proceed.