Market Overview for Celer Network/Tether (CELRUSDT)

Summary
• CELRUSDT broke below key support at 0.00435 and formed bearish engulfing patterns in the final hours.
• RSI entered oversold territory below 30, suggesting potential for a near-term bounce.
• Volume surged during the early ET hours, confirming bearish momentum before a late contraction.
• Price closed at 0.004234 on 2025-12-10, 0.9% below the previous day’s close, with increased volatility.
• Bollinger Bands expanded mid-day, indicating a period of heightened uncertainty.

At 12:00 ET on 2025-12-10, Celer Network/Tether (CELRUSDT) opened at 0.004467, peaked at 0.004497, and closed at 0.004234 after hitting a low of 0.004201. The total volume was 67,688,000 CELR, while notional turnover reached $296,898 over the 24-hour window.

Structure & Formations

Price action revealed a clear breakdown in late ET hours as CELRUSDT fell below the 0.00435 psychological support level.

A bearish engulfing pattern formed during the 19:30–20:30 ET timeframe, signaling a sharp bearish reversal. A doji appeared near 0.00428 at the end of the session, hinting at potential indecision ahead.

Moving Averages

Short-term moving averages on the 5-minute chart (20- and 50-period) crossed lower, reinforcing bearish momentum. On the daily chart, the 50-period MA crossed below the 100-period MA, forming a death cross. Price remains below all key moving averages, indicating bearish alignment.

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MACD & RSI

MACD showed a bearish crossover in the final hours of the session, with negative divergence forming against the price action. RSI dipped below 30, reaching as low as 29.3, suggesting potential for a short-term rebound, although momentum remains bearish.

Bollinger Bands

Bollinger Bands expanded mid-day as volatility increased, with price closing near the lower band. A contraction in the final hours indicates potential for a consolidation or reversal phase.

Volume & Turnover

Volume spiked early in the session during the breakdown phase, confirming bearish continuation before tapering off. Notional turnover remained elevated during this phase but declined as the day progressed, aligning with weaker momentum.

Fibonacci Retracements

The 0.618 level on the recent 5-minute high (0.004497) was around 0.004344, which CELRUSDT broke below with a close near 0.004234, suggesting further downside potential. On the daily chart, the 38.2% level at 0.00453 appears as a potential near-term resistance should a rebound occur.

Over the next 24 hours, a test of the 0.004201 low may occur if bearish momentum continues. However, the oversold RSI and doji suggest a potential pullback may be on the horizon. Investors should remain cautious and watch for a break of 0.00435 as a potential bullish trigger.