Celer Network/Tether Market Overview (CELRUSDT)

• Price surged to 0.00787 before retreating, suggesting short-term bullish momentum.
• Volatility expanded significantly in late hours, with high-volume bullish moves.
• RSI climbed above 60, indicating growing near-term bullish pressure.
• A key resistance level formed near 0.00773, which failed to hold during the day’s peak.
• Turnover spiked above $55 million, signaling increased participation and market attention.

Market Summary (24-Hour)

Celer Network/Tether (CELRUSDT) opened at 0.00744 on 2025-10-08 at 12:00 ET, reached a high of 0.00805, touched a low of 0.00741, and closed at 0.00799 on 2025-10-09 at 12:00 ET. Total trading volume was 196,856,465 CELR, and notional turnover amounted to $1,566,917 USD. The asset showed strong late-day momentum following a consolidation phase.

Structure & Formations

Price broke through the 0.00772 resistance level earlier in the session, forming a bullish engulfing pattern on 0.00766 and 0.00772. A small doji appeared near 0.00787, suggesting a potential short-term reversal. Key support levels include 0.00765 and 0.00752, with 0.00773 and 0.00781 acting as critical resistances.

Moving Averages

On the 15-minute chart, price traded above both the 20- and 50-period moving averages, with the 20SMA rising steeply to 0.00784 and the 50SMA at 0.00779. On the daily timeframe, the 50DMA sits at 0.00764, while the 100DMA is at 0.00758 and the 200DMA at 0.00752, indicating a long-term bullish bias.

MACD & RSI

The 12-26 MACD (15m) crossed above the zero line and remained positive, with a strong positive divergence developing from 0.00772 to 0.00787. The RSI (14) climbed to 61.8 at peak, entering overbought territory, suggesting potential for a pullback or consolidation. However, the sustained volume suggests the bullish move may persist.

Bollinger Bands

Volatility expanded significantly in the final hours of the session, with the Bollinger Band width peaking at 0.00013. Price spent most of the session between the midline and the upper band but closed near the upper boundary, indicating strong bullish pressure.

Volume & Turnover

Trading volume and turnover surged in the last three hours, with the largest 15-minute turnover occurring at 0.00787, where $1.3 million in CELR was traded. Volume confirmed the late-day bullish breakout, with no significant divergence between price and volume during the move. Notional turnover rose from $23k to over $55k during the final hour, suggesting increased institutional or large-cap participant activity.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.00741–0.00805 swing, key levels include 0.00768 (38.2%), 0.00778 (50%), and 0.00788 (61.8%). Price currently holds above the 61.8% level, indicating a strong continuation case for bullish traders.

Backtest Hypothesis

The backtesting strategy outlined involves entering long positions when price breaks above the upper Bollinger Band on the 15-minute chart, confirmed by a bullish engulfing pattern and an RSI reading above 50. Stop-loss is placed at the 50-period moving average, and take-profit is set at the 61.8% Fibonacci level. This strategy appears well-suited to the current volatility and momentum profile, with a focus on leveraging breakout confirmations and trend continuation signals.