Market Overview for Celer Network/Tether (CELRUSDT) – 2025-10-06

• CELRUSDT traded in a narrow range with consolidation near $0.00765–0.00785.
• Daily low at $0.00753 and high at $0.00787, closing near 0.00765.
• Volume spiked at 5.4m CELR at 09:45 ET, but price failed to follow through.
• RSI bottomed in oversold territory, suggesting potential for a rebound.
• Bollinger Bands show low volatility in the final 6 hours before close.

Celer Network/Tether (CELRUSDT) opened at $0.00784 on 2025-10-05 at 12:00 ET and closed at $0.00765 on 2025-10-06 at 12:00 ET. The 24-hour range was $0.00753 (low) to $0.00787 (high). Total volume traded was 35,224,207.4 CELR, while notional turnover amounted to approximately $268,167. Price action revealed a bearish bias during the first half of the session, with a failed attempt to retest recent highs in the final hours.

Key support levels formed at $0.00760–0.00765, with resistance at $0.00775–0.00780. A small bullish engulfing pattern appeared around 06:00 ET, followed by a bearish harami at 09:00 ET, indicating internal indecision. A long upper shadow in the 03:00 ET candle hinted at rejection of higher bids. The price spent the final 6 hours consolidating within a narrow range, suggesting a potential pause in directional bias.

MACD remained bearish throughout, with the line below signal and histogram shrinking after 07:00 ET. RSI bottomed at 28 during the 02:00–04:00 ET window, then climbed back toward neutral territory. Volatility, as measured by Bollinger Bands, was in a contraction phase for the last 6 hours, signaling a possible breakout or reversal. The price closed near the midline of the bands, suggesting balanced pressure.

Fibonacci retracement levels on the key swing from $0.00787 (high) to $0.00753 (low) highlighted potential inflection points at $0.00771 (38.2%), $0.00764 (50%), and $0.00757 (61.8%). A 50% retracement aligns with the 12:00 ET close, reinforcing the idea of consolidation. The 20- and 50-period SMAs on the 15-minute chart showed bearish crossover, but a flattening of the 50 SMA suggests momentum may be stabilizing.

Backtest Hypothesis

A potential strategy for CELRUSDT could involve entering long positions when RSI dips below 30 and the price breaks above the 20-period SMA on the 15-minute chart, provided volume increases by at least 30% compared to the previous candle. This would align with a bullish reversal signal following oversold conditions. A stop-loss could be placed below a key support level identified via Fibonacci or candlestick patterns, such as the 0.00760–0.00765 zone. A take-profit target could be set at the next Fibonacci level or a short-term resistance level on the 15-minute chart, such as $0.00775. This approach may work best in a range-bound or consolidating market structure, as seen in the past 24 hours.