Market Overview for Celer Network/Tether (CELRUSDT) – 2025-10-24

• CELR/USDT rose from $0.005494 to $0.005608, with a 24-hour high of $0.005636.
• A Bullish Engulfing pattern formed at $0.005521 before a sharp rally.
• Price stayed above the 20SMA, suggesting short-term bullish momentum.
• Volume spiked during the 04:45–06:00 ET rally, confirming upside strength.
• RSI reached 68, nearing overbought territory, hinting at potential pullback risk.

Celer Network/Tether (CELRUSDT) opened at $0.005494 on 2025-10-23 at 12:00 ET, reached a high of $0.005636, and closed at $0.005546 on 2025-10-24 at 12:00 ET. Total volume traded was 25.85 million CELR, with a notional turnover of $145,644. The price trend showed a bullish bias over the last 24 hours, supported by a clear breakout from a consolidation pattern.

Structure & Formations

Over the past 24 hours, CELRUSDT exhibited a clear bullish reversal formation at $0.005521, marked by a Bullish Engulfing candle. This pattern, appearing just before a sharp price increase, signaled a shift in momentum. The price then moved above the 20SMA, consolidating above key support levels established in the $0.005493–$0.005510 range. A minor resistance at $0.005585 was briefly tested but failed to hold, suggesting a possible test of the next resistance at $0.005610 in the near term.

Moving Averages & MACD/RSI

CELRUSDT remained above both the 20SMA and 50SMA for much of the 24-hour period, with a positive crossover of the 20SMA and 50SMA observed. The MACD histogram showed a widening bullish divergence, supporting the upward momentum. Meanwhile, RSI reached 68, indicating that the pair is approaching overbought levels, which may set the stage for a short-term pullback or consolidation.

Bollinger Bands & Volatility

The price spent much of the period above the middle Bollinger Band, with the bands showing a modest expansion, indicating rising volatility. The high of $0.005636 touched near the upper band, signaling a potential overextension. A retest of the lower band around $0.005476 would indicate bearish strength, though the recent rally suggests otherwise.

Volume & Turnover

Volume spiked during the 04:45–06:00 ET period, coinciding with a sharp price increase, confirming bullish conviction. The notional turnover also rose during this window, reaching a peak of $145,644. However, volume during the consolidation phase was relatively light, suggesting that the upward move may be driven by institutional or large-cap participants. A divergence between volume and price in the next 24 hours could signal weakening bullish momentum.

Fibonacci Retracements

The rally from $0.005494 to $0.005636 suggests a potential retest of key Fibonacci levels. A 61.8% retracement would be at $0.005561, aligning with recent resistance. The 38.2% level at $0.005548 could offer initial support, which the price may test before either advancing or pulling back.

Backtest Hypothesis

The observed Bullish Engulfing pattern at $0.005521 presents a compelling entry for a short-term bullish strategy. If tested in a back-test using 15-minute data—triggering a long entry at the next bar's open and exiting at the close—it could serve as a proxy for intraday trading. While our system typically uses daily data, incorporating 15-minute bars would allow for more precise signal detection. Should this approach be adopted, the back-test could validate whether the pattern reliably captures upward swings in CELRUSDT’s price action.