Market Overview for Open Campus/Tether (EDUUSDT)

Summary
• Price broke below key support at 0.1545, confirming a bearish reversal pattern near 0.1532.
• MACD shows weakening bullish momentum while RSI hits oversold levels near 28.
• Volume surged at the 0.1489 low, suggesting accumulation or panic selling.
• Bollinger Bands contract from 0.151–0.153 to 0.1476–0.1525, hinting at potential breakouts.
• Fibonacci retracement at 0.1494 aligns with the 61.8% level of the prior rally.

Open Campus/Tether (EDUUSDT) opened at 0.1562 on 2026-01-07 12:00 ET and closed at 0.1495 by 2026-01-08 12:00 ET, hitting a high of 0.1570 and a low of 0.1476. Total volume was 1,315,266.0, with turnover amounting to 201,335.89.

Structure & Formations

Price action reveals a bearish breakdown below 0.1545, a prior support that is now a resistance. A morning doji near 0.1532 and a large bearish engulfing pattern at 0.1541–0.1538 signal possible exhaustion in the rally. The 0.1494 level aligns with a 61.8% Fibonacci retracement of the earlier 0.1489–0.1541 move and appears to be a critical psychological threshold.

Moving Averages

On the 5-minute chart, the 20SMA crossed below the 50SMA in the early hours of January 8, reinforcing bearish bias. The 50-period line now hovers near 0.1525, acting as a dynamic resistance. Daily MAs (50/100/200) are not explicitly visible in the 5-min data but appear to be trending lower, consistent with a broader downtrend.

Momentum and Volatility

MACD turned negative at 0.0002, with the histogram expanding as price declined. RSI has reached oversold territory (28 as of 12:00 ET), which could suggest short-term bounce potential. Bollinger Bands have compressed from 0.151 to 0.1476, signaling a potential breakout in either direction, though the recent volume at the lower band hints at bearish follow-through.

Volume and Turnover

Volume spiked at the 0.1489 low, with over 190,000 contracts traded at that level, indicating significant participation. Notional turnover also saw a sharp increase, aligning with the price move. No clear divergence between price and turnover was observed, suggesting the bearish move is broadly supported.

Forward Outlook

If support at 0.1494 holds, a test of the next key level near 0.1485 could follow. However, a break below 0.1476 may accelerate the downtrend. Investors should remain cautious of potential short-covering if RSI rebounds into neutral territory, but risk of further selling persists amid high short-term volatility.