Open Campus/Tether (EDUUSDT) Market Overview: 24-Hour Breakout and Volatility Surge

• EDUUSDT closed at 0.1675 after a strong rebound from 0.1501, forming a bullish reversal pattern.
• Price surged past key 0.1575 resistance, with volume surging to 13.48M at the peak.
• RSI hit 64, indicating moderate momentum, while Bollinger Bands expanded sharply.
• Turnover spiked to 2.5B at 15:30 ET, confirming the breakout.
• MACD crossed above signal line, suggesting short-term bullish momentum.

Open Campus/Tether (EDUUSDT) opened at 0.1501 on 2025-09-20 at 12:00 ET, reached a high of 0.215, and a low of 0.1492 before closing at 0.1675 at 12:00 ET on 2025-09-21. Total volume for the 24-hour period was 66.85M, with a notional turnover of approximately $10.88B, reflecting strong market participation and increased volatility.

The price structure over the past 24 hours displayed a significant bullish breakout from a key resistance level at 0.1575, forming a strong bullish reversal pattern. A key engulfing candle emerged at the 0.1839–0.1701 range, followed by a rapid consolidation at 0.1675. The price moved within a range between 0.1635–0.1691 in the final hours, suggesting short-term support and resistance consolidation. The 15-minute chart showed a strong rally between 0.1501 and 0.1894, with several bullish hammers and inside bars forming after the 0.1575 level.

Moving averages on the 15-minute chart showed a bullish crossover with the 20-period MA rising above the 50-period MA at the time of the breakout. On the daily chart, the 50-period MA is positioned just below the 0.1675 close, indicating a potential retest of the 50-day line for confirmation of a trend reversal. The 200-period MA remains significantly bearish at ~0.1450, suggesting that a sustained close above 0.1700 would signal a stronger move toward 0.1750–0.1800 levels.

MACD turned positive after crossing the signal line at ~0.1650, with a bullish divergence forming as price pulled back to 0.1635. The RSI reached 64 at the peak, indicating moderate bullish momentum but not overbought territory. Bollinger Bands showed a strong expansion between 0.1635–0.1691 in the final hours of the 24-hour period, with the price consolidating near the upper band, suggesting a potential pullback toward the 0.1650–0.1670 range. Volume surged to 13.48M at the peak and dropped to 1.3M in the last hour, indicating possible short-term exhaustion.

Fibonacci retracement levels applied to the 0.1501–0.1894 move showed key support at 38.2% (0.1712), 61.8% (0.1631), and potential resistance at 0.1737 (extension level). The 0.1675 close is slightly above the 61.8% retracement level, suggesting a possible consolidation phase ahead. A break above 0.1700 would test the 38.2% and 0.1737 targets, while a retest of 0.1631 could offer a buying opportunity for longer-term bullish positions.

Backtest Hypothesis
The backtest strategy involves entering long positions upon a bullish engulfing pattern formation above a 50-period MA on the 15-minute chart, with a stop loss placed below the 20-period MA. This strategy would have triggered a long entry around 0.1575 during the breakout, with a target at 0.1675–0.1700 and a stop loss at 0.1540–0.1550. Given the current setup and the confirmation of the engulfing pattern, the strategy appears to align with the recent price action and could be tested for its effectiveness in capturing short-term momentum.