CETUSUSDT Market Overview: Cetus Protocol/Tether 24-Hour Analysis as of 2025-10-09

• Price dropped from 0.0766 to 0.0703 over 24 hours, ending with a bearish bias.
• Volatility expanded during early hours, then contracted into consolidation.
• Key resistance at 0.0763–0.0766 and support at 0.0722–0.0724 identified.
• RSI and MACD confirmed bearish momentum with no overbought signals.
• Volume surged during early sell-offs, with declining volume during consolidation.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0745 on 2025-10-08 at 12:00 ET, reached a high of 0.0766, touched a low of 0.0702, and closed at 0.0709 on 2025-10-09 at 12:00 ET. Total volume traded over the 24-hour period was 13,770,495.9, with notional turnover amounting to 957.99. The price trend appears bearish amid a significant volume spike early in the session.

Structure & Formations

The 24-hour chart shows a distinct bearish trend, beginning with a strong rally toward the 0.0766 resistance level before a sharp reversal and a pullback below key support at 0.0722. The most notable candlestick patterns include a long lower shadow at 0.0763, indicating rejection at the resistance level, and a bearish engulfing pattern forming near the 0.0741–0.0745 range. A doji formed at 0.0730–0.0732, suggesting indecision and a potential reversal point before the deeper decline.

Moving Averages

The 15-minute chart shows the price closing below both the 20-period and 50-period moving averages, reinforcing the bearish momentum. On the daily chart, CETUSUSDT has closed below the 50/100/200-day moving averages for the majority of the session, indicating a strong downtrend in longer-term sentiment.

MACD & RSI

The MACD line crossed below the signal line early in the session, confirming a bearish turn. The histogram has remained negative, with no signs of reversing. RSI dropped sharply from 62 to 28 over 5 hours, entering oversold territory. This suggests the price could be overextended to the downside, though a bounce may only occur with a significant volume reversal or a bullish reversal pattern.

Bollinger Bands

Volatility initially expanded, as seen by the widening of the Bollinger Bands during the morning hours, coinciding with the sharp decline from 0.0766 to 0.0734. The price then moved into a consolidation phase, tightening within the bands between 0.0722 and 0.0735. CETUSUSDT closed near the lower band, suggesting continued bearish bias.

Volume & Turnover

Volume surged during the initial sell-off, peaking at 680,852.2 for the candle ending at 18:15 ET, while the price dropped from 0.0766 to 0.0764. As the price declined further, volume gradually decreased, particularly from 05:00 ET onward, suggesting a waning in selling pressure. Turnover followed a similar pattern, with the largest trades concentrated during the early hours.

Fibonacci Retracements

Applying Fibonacci retracement to the key swing from 0.0702 (low) to 0.0766 (high), the 61.8% level sits at approximately 0.0735–0.0737, which CETUSUSDT touched before continuing the decline. The 38.2% level at 0.0744 was briefly tested but failed to hold. These retracement levels may serve as potential areas of resistance on any short-term bounce.

Backtest Hypothesis

Given the observed patterns and momentum indicators, a potential backtest strategy could involve shorting on a confirmed bearish engulfing pattern, accompanied by a close below the 50-period moving average and a RSI drop below 30. A stop-loss could be placed at the nearest Fibonacci 61.8% retracement level (0.0735–0.0737), with a target at the 38.2% level or the 0.0722 support. If volume diverges from price, caution is advised, as this may signal a reversal or a trap.