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

Summary

• Price surged from 0.1526 to 0.1680, closing at 0.1680.
• RSI and MACD showed strong bullish momentum, pushing into overbought territory.
• Volume and turnover spiked sharply during the 08:15–09:45 ET rally.
• Bollinger Bands widened, indicating rising volatility.
• No clear bearish reversal patterns formed during the session.

Opening Narrative

The 24-hour session for Open Campus/Tether (EDUUSDT) saw a sharp recovery, opening at 0.1526 and rising to a high of 0.1680 before closing at the same level on 2025-11-07 at 12:00 ET. The pair recorded a total volume of 49,435,889.0 and a turnover of $7,897,680.32, reflecting significant trader interest amid rising volatility and bullish momentum.

Structure & Formations

Price action during the session displayed multiple bullish continuations, with a key breakout above prior resistance at 0.1626, now acting as support. Notable candlestick formations included a bullish engulfing pattern at 08:15 ET and a strong continuation pattern from 16:15 to 17:00 ET. A long-bodied candle at 08:15 ET capped the morning rally, suggesting strong conviction in the upward move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were both bullish, with price above both, reinforcing the upward trend. The 50-period SMA crossed above the 100-period line on the daily chart, confirming a potential medium-term trend reversal to the upside.

MACD & RSI

The MACD histogram expanded into positive territory, with a bullish crossover indicating growing momentum. RSI rose above 70 at the session’s peak, signaling overbought conditions. However, price remained above the 61.8% Fibonacci level, which acted as a support line during a pullback in the early hours.

Bollinger Bands

Bollinger Bands showed a noticeable expansion after 08:00 ET, with price trading near the upper band for several hours. This suggests a period of heightened volatility and a continuation of the bullish trend. Price closed at the upper band, implying strong upward pressure.

Volume & Turnover

Volume and turnover surged during the 08:15–09:45 ET window, with a massive 614,904.0 volume at 10:15 ET. This aligns with a sharp price increase and confirms the strength of the bullish move. Notional turnover spiked to $104,920.93 during this period, indicating large capital participation.

Fibonacci Retracements

Fibonacci retracement levels on the most recent 15-minute swing from 0.1583 to 0.1680 showed the 61.8% level at 0.1639 acting as strong support. Price briefly tested this level at 10:45 ET before rebounding higher. On the daily chart, the 38.2% retracement level at 0.1600 held during a minor pullback, suggesting a resilient uptrend.

Backtest Hypothesis

Given the strong RSI overbought readings and the sustained price above the 50-period SMA, a backtest using an RSI-based strategy could offer insight into potential entry and exit points. For example, a long-biased strategy entering on RSI dips below 60 and exiting above 70 may have captured much of the upward move seen during this session. However, given the recent overbought conditions and the lack of clear bearish divergences, a short-term consolidation or pullback remains a risk. A backtest using a 20-period EMA crossover with RSI confirmation could help refine timing and manage risk in future sessions.