Celer Network/Tether (CELRUSDT) Market Overview

• Price declined after hitting a 24-hour high of 0.00726 before consolidating near 0.00716–0.00718.
• RSI and MACD suggest bearish momentum, with RSI hovering near oversold levels.
• Bollinger Bands show moderate volatility, with price currently near the lower band.
• Volume spiked during the downward move but declined in the final 6 hours.
• Key Fibonacci levels at 0.00706 (61.8%) and 0.00718 (38.2%) are critical for near-term direction.

Celer Network/Tether (CELRUSDT) opened at 0.00718 on 2025-09-23 at 12:00 ET, surged to a high of 0.00726, and closed at 0.00719 on 2025-09-24 at 12:00 ET. The pair traded within a 24-hour range of 0.00703–0.00726. Total volume amounted to 14,000,988.7, with a notional turnover of approximately $100,016 (based on average price of ~0.00715).

Structure & Formations

Over the 24-hour period, CELRUSDT exhibited a bearish bias after reaching a short-term high of 0.00726. A key bearish engulfing pattern formed around 18:00 ET (2025-09-23), confirming a shift in sentiment. The price then entered a consolidation phase between 0.00716 and 0.00718, suggesting a potential pivot point. Doji and narrow-range candles in the 00:00–02:00 ET window (2025-09-24) indicated indecision, while a sharp breakdown from 0.00712 to 0.00703 in the early hours marked a bearish trigger.

Moving Averages

On the 15-minute chart, price closed below both the 20-EMA and 50-EMA, signaling short-term bearish bias. The 200-day MA on the daily chart is not available, but the 15-minute moving averages show no signs of convergence, indicating no immediate reversal signals. The 50-EMA acted as resistance around 0.00722, and the 20-EMA pulled down as the move continued south.

MACD & RSI

The MACD crossed below the signal line during the 19:00–20:00 ET window, confirming bearish momentum. RSI, while not in overbought territory, dipped into oversold territory (below 30) by early 2025-09-24, suggesting potential for a short-term bounce. However, the delayed RSI recovery and weak volume detract from its immediate reliability.

Bollinger Bands

Volatility remained moderate with Bollinger Bands widening slightly during the 02:00–04:00 ET window as the selloff accelerated. The price closed near the lower band at 0.00719, suggesting a possible oversold bounce could be near. A break below the 0.00706 level (lower band) would indicate a continuation of the bearish phase.

Volume & Turnover

Volume was particularly strong during the breakdown from 0.00712 to 0.00703, with over 2.1 million CELR traded. This was followed by a sharp decline in volume during the final 6 hours, suggesting exhaustion in the short-term bearish move. Notional turnover mirrored this pattern, with the most significant turnover occurring in the 04:00–05:00 ET hour. A divergence between price and volume during the 09:00–10:00 ET rally suggests limited buying interest.

Fibonacci Retracements

Applying Fibonacci to the 0.00703–0.00726 move, key levels to watch include 0.00706 (61.8%) as a potential support and 0.00718 (38.2%) as a minor resistance. A break below 0.00706 could target 0.00703, the low of the 24-hour range. On the daily chart, the 0.00720–0.00726 swing suggests 0.00714 (61.8%) as a potential pivot, which could determine the next 24-hour trend.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions upon a confirmed breakdown of the 0.00716–0.00718 consolidation zone, with a stop above the 0.00722 resistance level. This setup could be paired with RSI and MACD divergence signals to filter out false breakouts. Given the recent bearish engulfing pattern and the exhaustion in volume, this strategy could capture a continuation of the short-term downtrend. However, a rebound above 0.00722 would invalidate the setup and suggest a potential reversal or at least a sideways consolidation phase.