CETUSUSDT Market Overview

• The pair CETUSUSDT edged higher over 24 hours, closing near its 24H high after a bullish push from 0.0478 to 0.0493.
• Volatility surged mid-day, with a 15-minute high of 0.0493 and a low of 0.0472, signaling choppy momentum.
• Turnover increased substantially after 05:00 ET, reflecting a sharp rise in volume and price action.
• A bullish engulfing pattern emerged around 04:45 ET, suggesting short-term bullish momentum.
• Price found support near 0.0475–0.0478 multiple times, with resistance forming at 0.0485–0.0490.

24-Hour Price Summary

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0478 on 2025-10-23 12:00 ET and reached a high of 0.0493 on 2025-10-24 12:45 ET, before closing at 0.0478. Over the 24-hour period, it experienced a 0.0472 low, showing a volatile but range-bound trend. The total volume traded was 15,407,097.0 units, while notional turnover amounted to approximately $739,931 (calculated using an average price of ~$0.048).

Structure & Formations

Price remained in a tight 0.0472–0.0493 channel for much of the 24 hours, with the pair forming multiple small bullish and bearish engulfing patterns. Notably, a strong bullish engulfing pattern appeared at 04:45 ET, where the price opened at 0.0483 and closed at 0.0489 after a high of 0.0489, suggesting a potential short-term reversal. A bearish counterpart emerged at 07:30 ET, where the pair opened at 0.0488 but closed at 0.0487 after a high of 0.0488. A doji candle appeared at 22:00 ET, suggesting indecision and a possible turning point in sentiment.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) hovered near the 0.0481–0.0483 range, while the 50-period SMA was slightly higher, indicating a slightly bullish bias. Over the daily timeframe, the 50-period and 200-period moving averages were not available due to the short 24-hour window, but given the range-bound nature of the price, no clear directional trend emerged. The pair has spent much of the period oscillating around the 20-period SMA, suggesting sideways consolidation.

MACD & RSI

The MACD line showed a mixed signal, with a bullish crossover occurring around 04:30 ET and a bearish crossover at 07:30 ET, indicating a tug-of-war between bulls and bears. The RSI oscillated between 30 and 60, indicating neither overbought nor oversold conditions, and suggesting a continuation of the range-bound pattern. A slight increase in RSI above 50 occurred at 04:45 ET, which aligned with the bullish engulfing pattern.

Bollinger Bands

Bollinger Bands revealed a moderate contraction in volatility during the overnight hours (03:00–05:00 ET), followed by a sharp expansion after the 04:45 ET bullish engulfing candle. The price briefly touched the upper band at 0.0493, indicating heightened volatility and a possible test of resistance. The lower band held at 0.0472 multiple times, reinforcing its role as a key support level.

Volume & Turnover

Volume was concentrated in the 04:00–08:00 ET window, particularly at 04:45 ET where a large candle of 1,120,920.2 units formed. This volume confirmed the bullish engulfing pattern and the subsequent price push to 0.0493. Later in the morning (07:30–08:00 ET), volume decreased, coinciding with bearish pressure. A divergence between high volume and lower price action appeared at 07:30 ET, suggesting weakening bullish momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.0472–0.0493 swing revealed key levels at 0.0482 (38.2%), 0.0488 (61.8%), and 0.0491 (78.6%). The price tested the 0.0488 level twice and found support at 0.0482–0.0485 multiple times, suggesting that the 0.0485–0.0490 range is a critical area for potential breakouts or retests.

Backtest Hypothesis

A backtest using Bullish Engulfing signals for CETUSUSDT could provide insight into the strategy’s viability. However, confirming the exact symbol and exchange is crucial for accurate pattern identification and historical data retrieval. Assuming the correct parameters (e.g., Binance, 15-minute candles), the 24-hour holding period would allow for testing entry at the engulfing pattern and exit at the next candle’s close. This approach could help assess short-term momentum and strategy robustness, but it’s essential to align the backtest with the pair’s volatility profile and liquidity.