Market Overview: Open Campus/Tether (EDUUSDT) – 24-Hour Summary

• Open Campus/Tether (EDUUSDT) rallied sharply from 0.1362 to 0.1488, driven by strong volume in late ET hours.
• Momentum surged with RSI hitting overbought levels and MACD showing bullish divergence.
• Bollinger Bands expanded significantly, signaling increased volatility and consolidation attempts.
• Fibonacci levels at 0.1440 and 0.1414 acted as key psychological resistance and support.
• Notable 15-minute bullish engulfing and inside bars confirmed the reversal from early weakness.

Market Context and Daily Price Action

Open Campus/Tether (EDUUSDT) opened at 0.1362 on 2025-10-02 at 12:00 ET and closed at 0.1428 by 12:00 ET on 2025-10-03. The 24-hour high was 0.1488, and the low was 0.1362. Total volume for the period amounted to 10,945,098 contracts, with a notional turnover of approximately $1,543,000. Price action showed a strong reversal from early bearish sentiment, driven by late-day accumulation and strong bullish momentum in the 15-minute chart.

Structure & Candlestick Patterns

The formation from 0.1363–0.1384 in the 19:45–20:00 ET period showed a bullish engulfing pattern, followed by a strong rally to 0.1488. Key support levels identified include 0.1374 and 0.1362, while 0.1440, 0.1455, and 0.1488 acted as resistance. Notable inside bars and hanging man patterns appeared during pullbacks, suggesting potential exhaustion of short-term sellers. A morning star pattern emerged from 0.1412–0.1437 in the 09:15–09:45 ET timeframe, indicating a potential continuation of the bullish trend.

Moving Averages and Momentum Indicators

The 20-period and 50-period moving averages on the 15-minute chart crossed above the 0.1380–0.1390 level in the evening hours, confirming a bullish shift in trend. Daily 50/100/200 SMA indicators also showed a positive crossover, with the 50-day line moving above the 100-day line. The MACD line crossed above the signal line late in the trading session, indicating strengthening bullish momentum. RSI hit 70 in the 07:00–09:00 ET period, suggesting overbought conditions, but price remained elevated, indicating strong conviction in the move.

Volatility and Fibonacci Retracements

Bollinger Bands widened significantly during the late ET session, with price reaching the upper band near 0.1488 before a pullback. The 61.8% and 78.6% Fibonacci retracement levels from the 0.1362–0.1488 swing acted as critical turning points during the consolidation phase. A 15-minute consolidation near 0.1428–0.1437 suggested a potential 38.2% retracement as the next key level for support.

Backtest Hypothesis

A potential backtest strategy involves entering long positions on a bullish engulfing pattern confirmation (close > open of previous candle), with a stop-loss below the engulfing pattern’s low. The take-profit targets would align with the 61.8% and 78.6% Fibonacci retracement levels. This strategy would be applied to the 15-minute chart during high-volume consolidation phases. Given the recent price action and divergence in RSI and MACD, this setup appears to have shown high probability over the past 24 hours.