Celer Network/Tether Market Overview

Summary
• CELRUSDT edged higher on 15-minute charts after a consolidation phase.
• Price tested a key support at 0.005742 and bounced with strong volume.
• Momentum indicators signal moderate bullish momentum but no overbought territory.

Celer Network/Tether (CELRUSDT) opened at $0.005823 on 2025-11-08 at 12:00 ET, hit a high of $0.006306, and a low of $0.005671, closing at $0.006059 as of 2025-11-09 at 12:00 ET. Total volume for the 24-hour window was 118,601,028.90 and notional turnover reached $721,207.14. Price appears to have consolidated within a defined range, with volume surging during key breakout attempts.

Structure & Formations

Price found strong support at $0.005742 and bounced with confirmation from increased volume. A bearish engulfing pattern was observed around 23:45–00:00 ET but failed to sustain. Resistance appears to form at $0.00606–$0.00609, with a potential bullish continuation pattern forming. Key retracement levels at 0.618 and 0.382 are being tested on the 15-minute chart.

Moving Averages

Short-term 20- and 50-period moving averages on the 15-minute chart are aligned bullish, suggesting momentum remains to the upside. Daily 50- and 200-period MAs show a more neutral stance, with price hovering just above the 200-day MA. This indicates a potential continuation of a longer-term bullish trend but with caution for near-term pullbacks.

MACD & RSI

MACD crossed into positive territory during the overnight session, with a widening histogram indicating building bullish momentum. RSI stands at 56 on the 15-minute chart, suggesting moderate strength but not yet overbought. This suggests further upside is possible, though a pullback to key Fibonacci levels remains a risk.

Bollinger Bands

Volatility expanded during the breakout attempt from $0.005742 to $0.006060, with price currently sitting within the upper third of the bands. A contraction in the 15-minute Bollinger Bands is forming post-breakout, suggesting a potential for renewed momentum. However, price remains within expected volatility parameters.

Volume & Turnover

Volume spiked during the consolidation phase and again during the breakout to $0.006060. Notional turnover aligns with volume surges, confirming price action. A divergence between rising price and flat volume after 05:00 ET suggests caution in near-term continuation. Price-volume alignment remains mostly confirmatory.

Fibonacci Retracements

On the 15-minute chart, price is testing the 0.382 level from the recent low at $0.005742. A break above $0.006060 could target the 0.618 retracement at $0.006238. Daily Fibonacci levels also suggest key resistance at $0.006090 and support at $0.005900.

Backtest Hypothesis

A backtest of bearish-engulfing signals for CELRUSDT could offer insights into short-term reversal risks. Given the dataset’s recent bullish divergence, a well-timed bearish signal would be critical. A practical approach is to either switch to a stable data source or upload a dataset from 2022-01-01 to today for a local analysis. This would enable a precise identification of signal performance and risk levels.