Market Overview for Cetus Protocol/Tether

Summary
• Price traded in a 0.0274–0.0291 range with 61.8% Fibonacci support at 0.0284 and 0.0289 resistance.
• A bullish engulfing pattern emerged near 0.0287, suggesting potential reversal from a 24-hour low.
• RSI showed oversold conditions below 30, hinting at possible short-term buying interest.
• Volatility dipped below Bollinger Bands’ lower band during late ET hours, indicating a consolidation phase.
• Turnover surged at 21:15 ET as price broke 0.0286, confirming upward momentum.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0275 on 2025-12-11 at 12:00 ET, reached a high of 0.0291, and closed at 0.0287 by 12:00 ET-12-12. Total volume amounted to 15,481,620.0, while notional turnover was approximately 443,685.0 USDT.

Structure & Formations

Price action displayed a key 5-minute bullish engulfing pattern near 0.0287, signaling a potential short-term reversal. A notable bearish divergence appeared in the late session as price tested 0.0286 but failed to break lower, suggesting 0.0285–0.0287 could be a key support range for the next 24 hours.

Volatility and Momentum

Volatility dipped below the Bollinger Bands lower band during the early morning hours, indicating consolidation. RSI dipped into oversold territory and remained near 30, suggesting potential for a rebound. MACD showed a positive crossover at 21:15 ET, aligning with a breakout in price.

Volume and Turnover

The most significant 5-minute volume spike occurred at 21:15 ET, with 461,117.7 volume and 13,000 USDT turnover, confirming the upward move from 0.0286 to 0.0289. However, volume declined during late ET hours as price hovered near 0.0287, suggesting reduced conviction for a further rally.

Key Levels and Fibonacci

The 61.8% Fibonacci retracement level at 0.0284 acted as a strong support, halting the downward trend. On the upside, price tested 0.0289 on three occasions without breaking through, suggesting it may remain a key resistance.

Price appears to be consolidating within a tight 0.0274–0.0291 range, with 0.0287 as a potential near-term equilibrium. A break above 0.0289 could reignite bullish momentum, but a retest below 0.0284 would signal renewed bearish pressure. Investors should monitor volume behavior around key levels to gauge conviction in either direction.