Celo/Tether Market Overview

• CELOUSDT edged higher over 24 hours, closing near its session high with moderate volume.
• Price tested and retested key resistance levels twice, suggesting possible accumulation.
• Low volatility and consolidation near a 0.293–0.295 range indicates indecision in the short term.
• Volume spiked during late-night hours, coinciding with a sharp price rebound from support.
• RSI remained neutral, showing no extreme overbought or oversold conditions.

Celo/Tether (CELOUSDT) opened at 0.286 on 2025-10-12 at 12:00 ET and closed at 0.2947 the following day, touching a high of 0.308 and a low of 0.2847. Total volume reached 7.43 million CELO, with turnover amounting to approximately $2.19 million. The pair showed signs of consolidation after a midday dip, with a late-night rebound suggesting potential bullish follow-through.

The 20-period and 50-period moving averages on the 15-minute chart crossed into bullish alignment after 18:00 ET, supporting the late rebound. The 200-period moving average remained bearish on the daily chart, however, suggesting long-term bearish pressure. A small bullish engulfing pattern formed at 0.295, signaling short-term strength, but a doji at 0.2911 hinted at indecision around key support. Price remained within a moderate volatility range, with Bollinger Bands showing no sharp expansion or contraction.

MACD remained in a narrow range, suggesting balanced momentum, while RSI hovered in the mid-40s, avoiding overbought or oversold extremes. Volume spiked during the late-night hours, aligning with a price rebound from a key support level. A 61.8% Fibonacci retracement at 0.2947 appeared to act as a minor resistance-turned-support, with price bouncing off it several times.

The backtest hypothesis for CELOUSDT involves a momentum-based strategy leveraging the RSI-14 and MACD to identify potential entry and exit points. By combining RSI divergence with MACD histogram crossovers, the strategy aims to capture both short-term swings and longer-term directional moves. Given the recent behavior of CELOUSDT—showing moderate RSI readings and a flattening MACD—this approach could provide a structured entry framework for traders. However, given the limited historical RSI data availability, recalibrating the strategy with a more accessible dataset or alternative ticker may be necessary to ensure robust backtesting.