Open Campus/Tether (EDUUSDT) Market Overview

Summary
• Price surged from $0.1538 to $0.1641 before retreating, forming a bearish reversal pattern on the 5-min chart.
• High volatility seen post-23:00 ET, with volume spiking to 589k, indicating strong institutional involvement.
• RSI remains neutral near 50, suggesting indecision despite price momentum during the rally.

At 12:00 ET–1, Open Campus/Tether (EDUUSDT) opened at $0.1538, peaked at $0.1641, and closed at $0.1624 by 12:00 ET, with a 24-hour volume of 7.16 million and turnover of $111,900. Price moved sharply higher during the night before consolidating, forming a potential bearish reversal.

Structure & Formations

A strong upward impulse from $0.1538 to $0.1641 was followed by a large bearish candle at 02:15–02:45 ET, signaling potential exhaustion. Support appears to hold near $0.1596–$0.1601, with a potential short-term pivot at $0.1614.

Moving Averages

On the 5-min chart, the 20-period MA crossed above the 50-period MA during the rally, offering bullish confirmation. On daily timeframes, the 50-period MA is rising, while the 200-period MA lags, suggesting a potential trend continuation but with caution.

MACD & RSI

MACD turned neutral to bearish after the peak, with a possible signal line cross to follow. RSI remains centered near 50, indicating a lack of overbought or oversold conditions, and no clear directional bias.

Bollinger Bands

Volatility expanded significantly from 23:00 to 03:00 ET, with price reaching the upper band. Subsequent price action has remained within the bands, indicating a period of consolidation after the breakout.

Volume & Turnover

Volume spiked to 589k at 23:00 ET, aligning with the high of $0.1641 and suggesting conviction in the move higher. Turnover also rose sharply during this period, supporting the validity of the rally.

Fibonacci Retracements

On the 5-min chart, price found temporary resistance at the 61.8% retracement of the 0.1538–0.1641 move around $0.1613. The 38.2% level at $0.1622 may act as a potential near-term target or pivot.

In the next 24 hours, a test of the $0.1614–$0.1622 range could reveal whether the rally was a breakout or a false signal. Investors should watch for a breakdown below $0.1601, which may increase the risk of a retracement to key support near $0.1596.