Celer Network/Tether Market Overview

• Price action on CELRUSDT showed a distinct bearish-to-bullish shift during the 24-hour period.
• RSI reached oversold conditions early on, followed by a recovery phase suggesting short-term buying interest.
• Volatility expanded significantly during the latter half of the day, with Bollinger Bands widening.
• A key 15-minute bullish engulfing pattern emerged at 06:45 ET, signaling potential trend continuation.
• Notional turnover surged near the 15:00 ET mark, aligning with a price breakout above a key resistance level.

The Celer Network/Tether (CELRUSDT) pair opened at $0.00794 on 2025-09-19 at 12:00 ET and closed at $0.00794 on 2025-09-20 at the same time. The 24-hour range extended from $0.00786 to $0.00814, with a total volume of 146,932,675.20 CELR traded and a notional turnover of approximately $1,169,793.69 USD. The price action revealed a dynamic session with a notable recovery in the late ET hours.

Structure & Formations

The 15-minute chart displayed a key 15-minute bullish engulfing pattern at 06:45 ET, where the candle closed above the previous candle’s body, suggesting a short-term reversal. A doji appeared at 22:45 ET, signaling indecision in a range-bound move. Key support levels were identified at $0.00793 and $0.00786, while resistance emerged at $0.00803 and $0.00808.

Moving Averages

On the 15-minute timeframe, the price closed above both the 20-EMA and 50-EMA for the final hour, indicating a potential short-term bullish tilt. For the daily timeframe, the 50-EMA sat slightly above the 200-EMA, suggesting a neutral to mildly bullish bias, though the 100-EMA acted as a barrier during the earlier part of the session.

MACD & RSI

The RSI reached a low of 28 in the early morning, suggesting oversold conditions, and then recovered to around 55–60 by the end of the session. The MACD crossed above the signal line in the late morning and maintained a positive reading throughout the day, indicating sustained momentum and buying pressure.

Bollinger Bands

Bollinger Bands expanded significantly in the latter half of the session, reflecting increased volatility. Price traded above the upper band at 15:00 ET and remained near the upper band for several hours, indicating strong bullish momentum. This expansion suggests that the price may continue to trend upwards in the near term.

Volume & Turnover

Volume surged between 15:00 ET and 15:15 ET, coinciding with a breakout above $0.00803. Notional turnover spiked during the same period, confirming the breakout as a credible market signal. Divergence between volume and price occurred briefly in the early hours, but was resolved as buying pressure intensified later in the session.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from $0.00793 to $0.00814, the 38.2% and 61.8% retracement levels fell at $0.00802 and $0.00808, both of which were respected by price action. On the daily chart, the key 61.8% retracement from a broader move aligned with $0.00803, where the price found resistance before moving higher.

Backtest Hypothesis

Given the observed 15-minute bullish engulfing pattern and strong MACD readings, a backtest strategy could be constructed using a 15-minute RSI crossover and a 20-EMA cross above the 50-EMA as entry triggers. Stop-loss placement near the doji at $0.00798 and take-profit targets at $0.00805 and $0.00813 align with Fibonacci and Bollinger Band projections. This setup could be tested over past 15-minute windows to assess its consistency in capturing short-term bullish moves.