Market Overview: Celer Network/Tether (CELRUSDT) 24-Hour Analysis

• CELR/USDT traded in a tight 0.65% range, forming a descending triangle pattern near 0.00775–0.00785.
• Momentum shifted sideways with RSI hovering near neutral 50, showing no overbought or oversold extremes.
• Volatility declined, with Bollinger Bands narrowing and volume averaging ~300k CELR per 15-minute candle.
• A large 554k CELR bearish candle pierced through 0.00783–0.00786, hinting at short-term downward pressure.
• Turnover peaked at $9.7M during the 22:45–23:00 ET rally but failed to sustain above 0.00786.

At 12:00 ET–1 on 2025-09-17, Celer Network/Tether (CELRUSDT) opened at $0.00773 and closed at $0.00768, after reaching a high of $0.00792 and a low of $0.00768. Total volume for the 24-hour period was ~19.3M CELR, with turnover amounting to ~$142.3M. Price action over the past day reflected a consolidation phase, with traders watching for a breakout.

Structure & Formations

The price formed a descending triangle pattern between 0.00775 and 0.00785, with the triangle’s upper boundary breached at 0.00792 on 03:00 ET. A large bearish candle on 02:45 ET–03:00 ET, closing at 0.00791, showed signs of exhaustion. Later, a strong bearish engulfing pattern emerged at 06:45–07:00 ET as price dropped from 0.00786 to 0.00781. A doji at 10:45 ET near 0.00773 hinted at indecision. Key support levels include 0.00775, 0.00772, and 0.00768, while resistance is at 0.00782 and 0.00786.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, with the 20SMA slightly above the 50SMA, indicating a mild bullish bias. The price crossed above the 20SMA twice during the overnight session but failed to hold. On the daily chart, the 50D, 100D, and 200D moving averages are all aligned, with the price currently trading below all three, suggesting a medium-term bearish trend.

MACD & RSI

The MACD histogram showed a narrowing bullish divergence in the early morning before flipping to bearish as the 03:00 ET sell-off accelerated. RSI fluctuated between 40 and 60, showing no clear momentum bias. A bearish crossover occurred around 03:30 ET, with RSI dipping below 50. While not overbought or oversold, the momentum appears to be shifting lower.

Bollinger Bands

Volatility decreased significantly during the day, with Bollinger Bands narrowing from 0.00778 to 0.00784 into a tighter range of 0.00768 to 0.00776 by the final hours. Price action remained below the 20-period lower band during the 10:00–12:00 ET session, suggesting increased bearish pressure.

Volume & Turnover

Volume averaged ~300k CELR per 15-minute candle with a peak of 5.4M CELR at 10:45 ET. Turnover was at its highest during the 03:00–04:00 ET rally (~$9.7M). A divergence emerged as price hit 0.00786 but volume failed to confirm the move. The final 15-minute candle recorded a bearish volume of 486k CELR, indicating continued selling pressure.

Fibonacci Retracements

On the 15-minute chart, the recent high at 0.00792 and low at 0.00768 defined a range where 0.00778 and 0.00785 represent key Fibonacci levels (38.2% and 61.8%). The price found temporary support at 0.00778 before falling further. On the daily chart, the 61.8% retracement level aligns with 0.00773, where price tested the level twice and bounced back.

Backtest Hypothesis

For traders interested in using this data, a potential strategy could involve a breakout-based approach targeting the triangle pattern’s upper boundary at 0.00785–0.00786. A long entry could be placed at 0.00786 with a stop loss below 0.00782 to manage risk. Alternatively, a short entry may be considered as the price tests 0.00775–0.00773 with a stop above 0.00780. The MACD and RSI suggest no strong momentum, so a breakout-based approach with trailing stops could work well. Traders may backtest the strategy by applying it to past 15-minute triangle patterns and evaluating the win/loss ratio based on the same Fibonacci and volume criteria.