Market Overview for Celer Network/Tether USDt (CELRUSDT)

• Price declined from $0.00841 to $0.00817, with a 24-hour volume of 74.26M CELR, and turnover of $607,896.
• A key support level formed around $0.00825, coinciding with a bearish engulfing pattern.
• RSI showed overbought conditions early, but later reversed into oversold, signaling exhaustion.
• Volatility expanded sharply after a consolidation phase between $0.00832–$0.00838, now trending lower.
• A 20-period MA on the 15-min chart crossed bearish into a key resistance-turned-support zone.

Celer Network/Tether USDt (CELRUSDT) opened at $0.00830 (12:00 ET - 1), reached a high of $0.00841, and a low of $0.00812, closing at $0.00817 at 12:00 ET. Total volume over 24 hours was 74.26 million CELR, and turnover was $607,896. The price showed clear bearish momentum amid a volatile 24-hour period.

Structure & Formations

The CELR/USDT pair formed a bearish engulfing pattern at $0.00837–$0.00835, indicating a shift in sentiment. Key support levels emerged around $0.00825 and $0.00813, both of which saw strong buying pressure and price consolidation. A doji candle at $0.00826 on 15:15 ET hinted at indecision, while the price failed to reclaim key resistance levels such as $0.00831 and $0.00834. A breakdown below $0.00813 would likely trigger further downside.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, signaling bearish momentum. On the daily chart, the 50-period MA remains above the 200-period MA, indicating long-term bullish bias. However, the recent price action has pushed the daily close well below the 50 MA, suggesting short-term bearishness.

MACD & RSI

The MACD line crossed below the signal line during the early hours of 2025-09-11, confirming a bearish crossover. The RSI hit a high of 70 (overbought) in the early morning before dropping to 30 (oversold) by midday, reflecting exhausted bearish momentum. If the RSI rebounds above 50, it may signal a short-term bounce. A sustained close below 30 would suggest further weakness ahead.

Bollinger Bands

The price broke below the lower Bollinger Band during the afternoon of 2025-09-11, indicating heightened volatility and bearish bias. The 20-period Bollinger Band width expanded after a period of contraction, suggesting a breakout. If the price remains below the lower band, it may continue testing $0.00800 in the next 24 hours.

Volume & Turnover

Volume spiked sharply during the price drop from $0.00841 to $0.00812, particularly around 15:00–17:00 ET. Notional turnover also increased significantly during this period, confirming the bearish breakout. A divergence in volume and price has not yet appeared, but a lack of follow-through buying above $0.00825 could point to a deeper correction.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level lies at $0.00822, which has acted as a minor support. The 38.2% level is around $0.00831, where the price previously stalled. A breakdown below $0.00813 would align with a 78.6% retracement, potentially targeting $0.00800.

Backtest Hypothesis

The backtesting strategy involves a 15-minute RSI crossover (30/70) with 20-period MA confirmation and volume filtering for breakout trades. A long entry is triggered if RSI drops below 30 and MA turns up, while a short entry is triggered if RSI crosses above 70 and MA turns down. Volume must be above the 15-period average to confirm the signal. This aligns with the observed bearish engulfing pattern and the RSI dropping into oversold territory, suggesting a high probability of further bearish continuation.