Market Overview for Celer Network/Tether (CELRUSDT): 24-Hour Analysis as of 2025-10-05

• Price rose from $0.00756 to $0.00781, driven by a late rally.
• Strong bullish momentum in RSI, but not overbought.
• Volatility expanded in the 24 hours, with key resistance at $0.00785.
• Volume surged after 07:00 ET, confirming the breakout.
• A potential engulfing pattern formed near $0.00795 early morning.

Celer Network/Tether (CELRUSDT) opened at $0.00756 on 2025-10-04 at 12:00 ET, reached a high of $0.00801, dipped to a low of $0.00756, and closed at $0.00781 as of 12:00 ET on 2025-10-05. Total volume for the 24-hour window was 290,111,172 CELR, and notional turnover was approximately $2,238,861.

Structure & Formations

The CELR/USDT pair showed a bullish bias during the 24-hour period, with a strong reversal from $0.00766 to $0.00797 in the early morning hours. A bullish engulfing pattern formed at $0.00795, indicating a potential trend reversal after a bearish phase. Key support levels were identified at $0.00775 and $0.00766, while resistance formed at $0.00785 and $0.00795. A notable doji appeared at $0.00791, suggesting hesitation among buyers.

Moving Averages

On the 15-minute chart, the 20-period EMA crossed above the 50-period EMA, forming a bullish signal. The 50-period EMA on the daily chart remained above the 200-period EMA, indicating the price is currently in a medium-term bullish phase. A golden cross may be forming if the 200-period SMA breaks below the 100-period SMA within the next 24 hours.

MACD & RSI

The MACD histogram showed a positive divergence, confirming the bullish reversal from $0.0077 to $0.00795. The RSI crossed above 50, suggesting increasing momentum, though it remains well below overbought territory, at 58–60. A bullish divergence between price and RSI was observed as the price dropped to $0.00787, while RSI held above 55, indicating a potential rebound.

Bollinger Bands

Volatility expanded significantly during the 24-hour window, with the Bollinger Bands widening from ±$0.00002 to ±$0.00006. Price traded near the middle band for most of the session but moved above the upper band during the morning surge, indicating high volatility and positive momentum. A retest of the lower band at $0.00774 could offer a high-probability buying opportunity.

Volume & Turnover

Volume spiked sharply after 07:00 ET, confirming the bullish breakout from $0.00779 to $0.00797. Notional turnover increased in line with volume, indicating confirmed bullish momentum. A divergence occurred in the early morning when the price dropped to $0.00785, but volume remained relatively low, suggesting lack of bearish conviction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.00766 to $0.00795, key levels are $0.00784 (61.8%) and $0.00779 (38.2%). The price tested the 61.8% level twice and failed to break through, suggesting a possible consolidation phase. On the daily chart, a retracement from $0.00764 to $0.00801 placed the 50% level at $0.00783, where the price currently resides, indicating neutral to bullish sentiment.

Backtest Hypothesis

Given the strong reversal patterns and confirmed momentum from the MACD and RSI, a potential backtesting strategy could involve entering a long position on a breakout above $0.00785, with a stop loss just below $0.00779. A target could be set at $0.00795–$0.00801, aligning with the 61.8% Fibonacci and the prior high. This setup would capitalize on the bullish momentum while managing risk with defined support levels.