Market Overview for Celer Network/Tether (CELRUSDT)

Summary
• CELRUSDT broke key resistance at 0.00425 but faced rejection near 0.00433.
• Volume surged at 18:30 ET, confirming strength ahead of 0.004346 high.
• Price retested 0.00425–0.00427 zone twice, suggesting strong near-term support.
• RSI signaled overbought levels during the 18:30–19:00 ET rally.
• Bollinger Bands widened during the afternoon spike, indicating rising volatility.

24-Hour Price and Volume Summary

At 12:00 ET-1 on January 4, Celer Network/Tether (CELRUSDT) opened at 0.004210 and peaked at 0.004333 before closing at 0.004144 at 12:00 ET on January 5. The 24-hour trading range extended from 0.004080 to 0.004333. Total volume reached 45.3 million CELR, with notional turnover amounting to $193,653.

Structure & Formations

Price encountered a critical resistance cluster between 0.00425 and 0.00433, which it briefly overcame twice during the session. A strong bullish engulfing pattern emerged at 18:30 ET, confirming a short-term reversal after a pullback. However, a bearish engulfing candle followed at 19:15 ET, suggesting sellers regained control after the failed breakout. A doji at 0.004255 also indicated indecision around the 0.00425–0.00427 consolidation zone.

Moving Averages and Momentum

The 20- and 50-period 5-minute moving averages trended upward during the afternoon rally, aligning with the bullish thrust toward 0.004333. However, as of the close, both averages have started to slope downward with the price. On the daily chart, the 50-period MA appears to be acting as dynamic support, while the 200-period MA is holding steady below the recent low.

MACD & RSI

The MACD crossed above zero during the 18:30–19:00 ET surge, confirming bullish momentum. However, it diverged with price as CELRUSDT fell back below 0.00430. RSI climbed into overbought territory during the afternoon breakout but has since corrected toward neutral levels, indicating potential exhaustion in the recent upward move.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly during the afternoon rally, reflecting heightened volatility. Price peaked just outside the upper band at 0.004333 before rolling back toward the middle band. The bands are now contracting, which may precede a breakout or continuation in the near term.

Volume and Turnover Analysis

The largest spike in volume occurred at 18:30 ET, coinciding with the 0.004296–0.004346 price surge. Turnover surged by over 60% during this period compared to the previous 5-minute intervals, confirming strong buying interest. A divergence emerged at 19:15 ET when volume declined despite a sharp price drop, suggesting selling pressure may be weakening.

Fibonacci Retracements

Key Fibonacci levels for the recent 5-minute swing from 0.00425 to 0.004333 include 38.2% at 0.004285 and 61.8% at 0.004267. Price retested the 61.8% level during the late 19:15 ET pullback, indicating strong support in this range. On the daily chart, 61.8% of the swing from 0.004192 to 0.004333 lies at 0.004248, which CELRUSDT tested multiple times during the session.

Celer Network/Tether may attempt to retest the 0.00425–0.00427 support zone over the next 24 hours. A break below 0.00421 could accelerate the downtrend toward 0.00415, but a sustained rally above 0.00427 may signal a resumption of the bullish wave. Investors should monitor divergence between price and RSI for possible countertrend entries.