1. BITBILIHome
  2. Article

Open Campus Price Analysis: EDU corrects above $1.35 after spiking high

• 68 views

TL;DR Breakdown

    • Open Campus price analysis is bearish today.
    • EDU/USD corrects after spiking high.
    • Support is present at $1.26.

The Open Campus price analysis reveals the cryptocurrency is under correction today after rallying high yesterday. The bullish momentum sparked, and the coin rushed towards $1.47, just shying away from its record high yesterday, but today the trend reversed, and bears are defining the price function. The appearance of selling pressure was natural after a continuous bull rally for more than 24 hours. The price has covered a downward range today from $1.46 to $1.38, which is quite a nominal decline, but still, the price is on the higher side comparatively.

EDU/USD 1-day price chart: EDU price shows a downward tendency

The 1-day Open Campus price analysis shows bears are dominating the market today, as bears have managed to take over the price function during the last eight hours, as the price has undergone a reduction today. Although the coin gained a massive 15 percent yesterday, today’s trend has been in favor of bears. The recent bearish momentum has brought the price down to $1.38 at the time of writing. The trading volume has gone up by 371 percent, while the market dominance for Open Campus (EDU) has been 0.02 percent.

edu1djsOpen Campus Price Analysis: EDU corrects above <img decoding=
EDU/USD 24-hours price chart. Source: Tradingview

As the price, after hitting a higher spot, has receded today, so the volatility for the cryptocurrency is also on the increasing side. The upper Bollinger band is at $1.36, and the lower band is at $1.01, making an average of $1.19. The relative strength index (RSI) has also come down to index 57, indicating selling activity in the market.

Open Campus price analysis: Recent developments and further technical indications

The 4-hour Open Campus price analysis shows that cryptocurrency is following a downward track as bears have shown strength over the past eight hours. However, the decline in the price level is not steep, and the selling pressure hasn’t taken over completely. The price has come down below the upper limit of the volatility indicator as the bulls might be exhausted after a 28-hour-long rally.

edu4hjcOpen Campus Price Analysis: EDU corrects above <img decoding=
EDU/USD 4-hours price chart. Source: Tradingview

The volatility is significantly high, and the Bollinger bands are maintaining the volatility level as the upper band is at $1.40 and the lower band is at $1.08. The RSI is maintaining its curve above the border of the overbought sold region as it is present at index 72, implying that the coin is overvalued at the moment.

Open Campus price analysis: conclusion

The Open Campus price analysis shows a downturn in the EDU/USD price has been observed today, as the bears have taken over the price function after yesterday’s high spike. The price has been reduced to the $1.38 level after the reversal in trends took place. But chances for a further decline are not very strong, as bullish support is also present nearby, and the market sentiment is not completely negative. We anticipate the EDU price to remain above $1.28 today.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Open Campus Price Analysis: EDU corrects above $1.35 after spiking high

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月1日 06:04
Next 2023年6月1日 07:46

Related articles

  • Why is the crypto market down today? September worries build-up

    TL;DR Breakdown Crypto markets fall, losing all the gains from the favorable Grayscale court verdict. Core PCE data has shaken up digital asset markets. Core PCE in July rose 4.2% year over year, up from a 4.1% annual rate recorded in June but in line with analysts’ expectations. NFT markets have started to show signs of recovery after a dead silence in the last few months. Description The fourth quarter of 2023 has arrived, and the performance of the crypto market does not appear promising. Bitcoin and other crypto coins fell following the release of crucial inflation data, continuing their decline after a rally this week in response to a favorable court ruling. September has historically been a difficult month for Bitcoin, … Read more The fourth quarter of 2023 has arrived, and the performance of the crypto market does not appear promising. Bitcoin and other crypto coins fell following the release of crucial inflation data, continuing their decline after a rally this week in response to a favorable court ruling. September has historically been a difficult month for Bitcoin,…

    Article 2023年9月1日

  • SEC delays BlockFi’s $30 million penalty, focusing on investor reimbursement

    TL;DR Breakdown The SEC has agreed to delay enforcing a $30 million penalty against BlockFi to prioritize investor refunds. BlockFi, a defunct cryptocurrency lender, should have registered with the SEC before launching its loan product. The bankruptcy filing of BlockFi following the collapse of FTX complicated the penalty enforcement process. Description In a significant development, the U.S. Securities and Exchange Commission (SEC) has agreed to postpone the enforcement of a $30 million penalty against BlockFi, the defunct cryptocurrency lender. This decision comes because the SEC aims to ensure investors receive their rightful refunds before collecting penalties. BlockFi, which failed to register with the SEC before launching … Read more In a significant development, the U.S. Securities and Exchange Commission (SEC) has agreed to postpone the enforcement of a $30 million penalty against BlockFi, the defunct cryptocurrency lender. This decision comes because the SEC aims to ensure investors receive their rightful refunds before collecting penalties. BlockFi, which failed to register with the SEC before launching and selling its cryptocurrency loan product, was initially levied a $50 million penalty. Although the settlement…

    Article 2023年6月25日

  • Government and BoE under strain as UK inflation spikes in May

    TL;DR Breakdown UK inflation spiked in May, rising by an annual 8.7%, exceeding expected 8.4%. Core inflation reached 7.1%, the highest since 1992. Bank of England (BoE) may implement its 13th consecutive interest rate hike. Persistently high inflation and a tight labor market prompt economists to forecast higher peak rates. Description May’s inflation figures for the UK have rolled in, and the picture isn’t pretty. Rising at an annual pace of 8.7%, consumer prices stubbornly resist attempts to cool down, leaving the government and the Bank of England (BoE) under a thick cloud of pressure. Despite the predictions of economic experts who had forecast a lesser … Read more May’s inflation figures for the UK have rolled in, and the picture isn’t pretty. Rising at an annual pace of 8.7%, consumer prices stubbornly resist attempts to cool down, leaving the government and the Bank of England (BoE) under a thick cloud of pressure. Despite the predictions of economic experts who had forecast a lesser surge of 8.4%, the inflation engine continues to roar on, unencumbered. A relentless rise: Core inflation…

    Article 2023年6月24日

  • Philippines central bank selects Hyperledger Fabric for CBDC pilot

    TL;DR Breakdown The Bangko Sentral ng Pilipinas (BSP) has chosen Hyperledger Fabric as the Distributed Ledger Technology (DLT) for its wholesale CBDC pilot. The BSP’s decision to utilize DLT is based on its ability to record, share, and synchronize data and transactions across a distributed network. Governor Eli Remolona, Jr. highlighted the BSP’s dedication to using Project Agila’s insights to refine their wholesale CBDC implementation approach. Description The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), revealed today that it has chosen Hyperledger Fabric as the Distributed Ledger Technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot, known as Project Agila. Initially referred to as Project CBDCPh, Project Agila is designed to educate the BSP and collaborating financial institutions about … Read more The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), revealed today that it has chosen Hyperledger Fabric as the Distributed Ledger Technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot, known as Project Agila. Initially referred to as Project CBDCPh, Project Agila is designed to educate the BSP and collaborating financial institutions about…

    Article 2023年9月7日

  • French government revises strict rules on influencer marketing for cryptocurrency companies

    TL;DR Breakdown French legislators have revised their strict regulations on cryptocurrency companies and influencer marketing, opting for a more innovative approach. The revised bill allows licensed cryptocurrency exchanges and compliant crypto companies to promote their products through influencer marketing. The legislation aims to promote transparency and oversight, with penalties for non-compliance including imprisonment and significant fines. In a stunning twist, French legislators have taken an unexpected stance by revising the strict rules initially proposed in March. These regulations had intended to impose severe limitations on cryptocurrency companies registered in the country, particularly those engaging in influencer marketing. However, the lawmakers have now opted for a more innovative approach, signaling a significant departure from the previous stringent measures. Earlier this month, the French government drafted a bill that imposed regulations on influencers, requiring them to obtain licenses and prohibiting them from engaging in exclusive marketing for crypto companies. This move by the French government aimed to regulate influencer activities and promote transparency in promoting cryptocurrencies. Arthur Delaporte and Stéphane Vojetta, who spearheaded the motion in the National Assembly, have stated that…

    Article 2023年5月28日
TOP