Market Overview for Celo/Tether (CELOUSDT) – 2025-09-18

• CELOUSDT rose from $0.2985 to $0.3218, driven by early morning bullish momentum and high-volume breakouts.
• Volume surged 5x during the 06:45–09:30 ET window, coinciding with a 61.8% Fibonacci retracement and bullish engulfing pattern.
• RSI reached 62, indicating near overbought territory, while MACD showed a positive crossover with a rising histogram.
• Bollinger Bands widened to reflect rising volatility, with price testing the upper band around $0.3200–$0.3225.
• The 15-minute chart showed a bullish trend continuation, with 20- and 50-period SMAs aligned below the price.

Celo/Tether (CELOUSDT) opened at $0.2985 on 2025-09-17 at 12:00 ET and closed at $0.3198 on 2025-09-18 at 12:00 ET, reaching a 24-hour high of $0.3225 and a low of $0.2962. Total trading volume amounted to 6,898,638.8 CELO, and notional turnover was $2,203,688.30.

The 15-minute chart showed a strong bullish trend from early morning onwards, with a bullish engulfing pattern emerging around 09:00 ET and confirming a short-term reversal after a brief pullback. The price tested and held above the 61.8% Fibonacci retracement level of $0.3170, a key psychological barrier. Notable resistance levels include $0.3200, $0.3225, and $0.3250, while key support is at $0.3180, $0.3160, and $0.3140.

Moving averages (20/50) remained bullish, with the 20-period SMA crossing above the 50-period SMA, suggesting continued upward momentum. The MACD turned positive around 05:30 ET, with the histogram expanding through the 08:00–10:00 ET period, reinforcing the bullish signal. RSI peaked at 62, approaching overbought territory, but has not yet crossed into 70, indicating potential consolidation or a short-term pullback is possible.

Bollinger Bands expanded significantly during the morning session, with the price testing the upper band near $0.3218 and showing signs of volatility-driven breakout behavior. The lower band hovered near $0.3160, acting as a dynamic support. Volume increased in sync with price gains, with the most significant volume spike recorded at $0.3188–$0.3200, validating the move higher.

Backtest Hypothesis
A potential strategy could involve entering a long position when the 15-minute 20-period SMA crosses above the 50-period SMA, with a stop-loss placed just below the 61.8% Fibonacci support level and a take-profit at the 78.6% extension or the next key resistance. This would align with the observed bullish engulfing pattern, the MACD crossover, and the volume confirmation seen during the morning rally. Given the recent overbought RSI and the proximity to key resistance, trailing stops would be essential to manage risk in case of a pullback.