Market Overview: Celo/Tether (CELOUSDT) on 2026-01-04

Summary
• CELOUSDT forms a bullish reversal pattern near 0.1222, with volume increasing ahead of a key 0.1243 resistance.
• RSI shows oversold conditions early in the session, followed by a strong recovery suggesting renewed buying interest.
• Bollinger Bands expand mid-session, indicating rising volatility and a potential continuation of the recent upward trend.
• Notional turnover spikes around 0.124–0.125, aligning with a 20-period moving average crossover and hinting at short-term momentum.
• Fibonacci levels suggest 0.1277 and 0.1243 as potential near-term pivots for continuation or correction.

Celo/Tether (CELOUSDT) opened at 0.1235 on 2026-01-03 12:00 ET and closed at 0.1277 as of 2026-01-04 12:00 ET, reaching a high of 0.131 and a low of 0.1219. Total volume was 6.16 million CELO, with a notional turnover of $776,170.

Structure and Candlestick Patterns

The 24-hour chart shows a strong reversal formation at the 0.1222 support level, with a bullish engulfing pattern emerging during early recovery. The price then rallied to form a higher high near 0.131, indicating possible momentum. A key resistance is now at 0.1243, where previous candlestick indecision was seen. A large bullish candle at 0.1277–0.1284 appears to confirm a breakout from the prior consolidation.

Moving Averages and MACD

On the 5-minute chart, the 20-period MA crossed above the 50-period MA early in the session, signaling a bullish bias. The MACD showed divergence during the initial decline but has since aligned with the price action, indicating strengthened momentum. The 50-period daily MA is currently supportive of a continuation of the uptrend.

RSI and Bollinger Bands

RSI briefly entered oversold territory during the session’s low at 0.1219 but has since recovered into the 50–65 range, indicating a strong short-term rally. Bollinger Bands expanded significantly after 03:00 ET, reflecting heightened volatility and a likely continuation of the upward thrust. Price remains above the 20-period MA inside the upper band, suggesting a possible overbought condition ahead.

Volume and Turnover Analysis

Volume increased significantly during the late-night and early morning hours, particularly as price approached 0.124–0.125. Turnover surged alongside the price rally, confirming bullish participation. No major price-turnover divergences were observed, suggesting that the move is supported by strong liquidity.

Fibonacci Retracements

Fibonacci levels from the 0.1219 to 0.131 swing show the 0.1277 level as a key 61.8% retest. A pullback to 0.1243 (38.2%) could offer a potential entry point for buyers. On the daily chart, the 200-period MA is near 0.1235 and may offer a psychological floor for further corrections.

The rally in CELOUSDT appears to be gaining traction with strong volume and momentum indicators suggesting potential for a move toward 0.131–0.133. However, a pullback to test the 0.1243 level could offer a key decision point. Investors should remain cautious about short-term volatility and avoid overleveraging ahead of potential sideways consolidation.