EDU climbs 15%, yet technical indicators suggest a cooling phase may follow | Credit: Derek Fenech
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Key Takeaways
EDU’s crypto price surged 15% in the past 24 hours before retracing.
MFI shows fading buying pressure, with BB indicating rising volatility.
If selling pressure holds, the Open Campus value could fall below $0.10.
EDU, native to the Open Campus protocol, has seen its price surge by 15% over the last 24 hours.
During this period, the Open Campus crypto price climbed from $0.11 to $0.15. Because of this, EDU is one of the best-performing cryptos out of the top 500 in the market.
However, despite the jump, it does not seem like the altcoin’s price will continue to hit new highs. Here is why.
Open Campus Gains
Like many altcoins, EDU felt the heat of the weekend market crash as its price plunged to $0.073.
However, as the new week began, things changed, with the Open Campus crypto printing consecutive green histogram bars on the 4-hour chart since Monday.
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As a result, the price hit $0.15. However, as of this writing, EDU has given up some of those gains and currently trades at $0.13.
Looking at the chart below, EDU’s price is confined in an ascending channel, which is typically bullish.
However, the recent red candlestick shows that the token is on the verge of dropping below the key support level.
Bearish Divergence Shows Up
One reason for this is the bearish divergence noticed on the same image. Previously, the Money Flow Index (MFI) rose to 91.35, indicating notable buying pressure.
But at the same time, it signified that the Open Campus crypto was overbought. Furthermore, the MFI reading has turned downward, implying that buying volume is fading.
In addition, the Bollinger Bands (BB) have expanded, indicating high volatility. However, the upper band of the BB tapped EDU’s price, reinforcing the bias that the token is overbought.
Should this remain the same, EDU will unlikely retest the resistance at $0.16.
EDU Price Prediction: Rally Nearly Over
Like the 4-hour chart, the daily timeframe for Open Campus crypto also paints a bearish picture.
At press time, the Awesome Oscillator (AO) remains in the negative region, confirming that bearish momentum dominates the market.
Adding to this outlook, the Moving Average Convergence Divergence (MACD) also prints a negative reading.
Here, the 12-day Exponential Moving Average (EMA) (blue) has crossed below the 26-day EMA (orange) — a bearish crossover that precedes extended consolidation or downward movement.
Given this setup, EDU’s price is unlikely to breach the $0.16 resistance. Instead, the token may continue to consolidate, with sellers maintaining short-term control.
If selling pressure intensifies, the next move could see EDU slide below $0.10, marking a potential retest of lower support levels.
However, if bulls regain momentum and volume spikes, this bearish setup could be invalidated. In that case, EDU’s price might reverse course and aim for the $0.24 resistance.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
