Market Overview for Celer Network/Tether (CELRUSDT) – 2025-11-03

• Price declined from a 24-hour high of $0.005739 to close at $0.005205, amid rising bearish momentum.
• RSI and MACD turned lower, signaling potential exhaustion in the short-term upleg.
• Volatility remains elevated, with price breaking key resistance levels intraday before consolidating.
• Volume surged during the early morning ET, coinciding with sharp price action and high turnover.

Celer Network/Tether (CELRUSDT) opened at $0.005468 on 2025-11-02 at 12:00 ET and reached a high of $0.005739 before closing at $0.005205 on 2025-11-03 at 12:00 ET. The 24-hour total volume was 75,122,343 CELR, with a notional turnover of $390,869. The session was marked by a broad selloff after a strong late-night rebound attempt.

Structure & Formations

Price action during the session showed a strong bearish bias after a brief attempt to rally in the early morning hours. A sharp pullback from the $0.005739 high led to a breakdown below key support at $0.005518 and $0.005492, with the final close at $0.005205 confirming a bearish reversal. A notable bearish engulfing pattern formed on the 15-minute chart around 23:45–00:00 ET, as price surged to $0.005739 only to reverse sharply and close lower. This pattern suggests a potential short-term top.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart showed a bearish crossover around the 01:15–01:30 ET period. By the end of the session, both had crossed below key support levels, aligning with the downward drift. On the daily chart, the 50-, 100-, and 200-period EMAs remain in a descending alignment, reinforcing the bearish setup.

MACD & RSI

The 15-minute MACD crossed below the signal line during the early morning ET, confirming bearish momentum. The RSI dropped from over 50 to around 35–40 during the late-night sell-off, suggesting oversold conditions might be near. However, the divergence between the price and the RSI (price still declining while the RSI stabilizes) hints at potential consolidation or a short-term bounce.

Bollinger Bands

Price spent much of the session within the expanding Bollinger Bands, but the late-night sell-off pushed it below the lower band at around $0.0053–0.0052, indicating heightened volatility and bearish conviction. The bands had been relatively wide during the session, reflecting increased uncertainty in the market.

Volume & Turnover

Volume spiked to over 2.5 million CELR at 02:15–02:30 ET, coinciding with a sharp selloff to $0.005261. Notional turnover surged during the late-night session, particularly around the 01:30–01:45 ET and 02:15–02:30 ET periods, confirming the bearish sentiment. A divergence between volume and price appears during the early morning as price continued to fall despite lower volume, suggesting exhaustion.

Fibonacci Retracements

Fibonacci levels drawn from the late-night pullback identified the 61.8% retracement at around $0.00525–0.00526 as a key level of support, which was briefly tested but not held. The 38.2% retracement at $0.00533–0.00534 also failed to provide meaningful support. This indicates deep bearish conviction and potential for further downside.

Backtest Hypothesis

The bearish engulfing pattern detected during the 15-minute session (23:45–00:00 ET) presents a potential short entry opportunity. Given the failure of Fibonacci levels and bearish divergence in momentum indicators, a sell signal could be generated on confirmation of the pattern. A 3-day backtest using the “Bearish Engulfing” pattern across CELR-USDT could provide insights into the strategy's viability in this context. However, due to data-interface limitations, the ticker format needs clarification for accurate execution. Users are advised to confirm the symbol format with the data vendor—preferred options include BINANCE:CELRUSDT or CELRUSDT-PERP. Alternatively, a local backtest using OHLC data and manually curated signal dates can also be employed to assess the strategy’s performance.