Summary
• Price dropped from $0.1332 to $0.1278 on heavy volume in early session before consolidating.
• Bearish momentum confirmed by falling RSI and negative MACD divergence.
• Volatility expanded mid-session but has since contracted near key support at $0.1270–0.1275.
• Downtrend appears intact with 50-period MA acting as resistance in 5-minute chart.
• Recent volume shows signs of exhaustion as price consolidates with no significant turnover spikes.
24-Hour Snapshot
At 12:00 ET – 1, Open Campus/Tether (EDUUSDT) opened at $0.1328, reached a high of $0.1332, and a low of $0.1241 before closing at $0.1295 at 12:00 ET. Total volume was 4,625,419.0 and notional turnover amounted to $580.59.
Structure & Formations
The session saw a strong bearish reversal with a large body engulfing earlier bullish bars, followed by a consolidation phase in a narrow range. Key support appears to be forming between $0.1270 and $0.1275, where price has bounced multiple times.
Moving Averages
On the 5-minute chart, the 20-period and 50-period MAs are descending, reinforcing the bearish trend. Price has remained below both indicators, suggesting a continuation of downward pressure ahead.
Momentum Indicators
RSI has been trending downward throughout the session, currently hovering near oversold territory but without a bounce.
MACD shows bearish divergence, with the histogram shrinking as price consolidates, indicating potential momentum exhaustion.
Volatility and Bollinger Bands
Volatility expanded significantly after a contraction in the early morning, pushing price toward the lower Bollinger Band. However, the recent consolidation suggests a retesting of the mean.
Volume and Turnover
Volume spiked early in the session, especially around the $0.1270 level, but has since tapered off as price consolidates. No significant divergence was observed between price and turnover, suggesting the move is largely confirmed by activity.
Fibonacci Retracements
Recent swings show a potential 61.8% retracement level near $0.1290, which aligns with the upper edge of the consolidation range. A break below the 50% retracement level at $0.1277 could target deeper support.
Price may continue to consolidate in the $0.1270–0.1290 range ahead of the next 24 hours, with a possible test of key support below $0.1270. Traders should watch for a break of the current range to confirm direction, but bearish bias remains intact.
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