Market Overview for Cetus Protocol/Tether (CETUSUSDT) on 2025-09-19

• Cetus Protocol/Tether (CETUSUSDT) dropped 6.9% over the past 24 hours, closing at 0.0905.
• Price broke below key support at 0.0923, with a bearish engulfing pattern visible in the 15-minute chart.
• Volatility expanded significantly, with a high-low range of 0.0071 amid rising volume.
• RSI entered oversold territory (29), suggesting potential near-term rebound, but momentum remains weak.
• Turnover reached $24.3 million, with divergence between price and volume signaling deeper selling pressure.

Opening and Price Action

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0965 on 2025-09-18 at 12:00 ET, peaked at 0.0977, and closed at 0.0905 by 12:00 ET the following day. The 24-hour price action shows a bearish trend with a total notional turnover of $24.3 million and volume exceeding 15.6 million. The move below the 0.0923 level has intensified bearish momentum.

Structure & Key Levels

The price has formed a bearish engulfing pattern as it closed below the 0.0923 support level, followed by a breakdown into a new 24-hour low of 0.0900. The next immediate support appears at 0.0900, while a potential short-term resistance is visible at 0.0919. A doji formed around 0.0907 in the final candle, signaling indecision, but the continued volume pressure suggests that a test of 0.0900 is likely.

Trend and Momentum

The 15-minute 20/50 EMA lines are both in a steep downward slope, with the 50 EMA below the 20 EMA, reinforcing bearish bias. The MACD remains in negative territory with a bearish crossover, indicating that selling pressure is still intact. RSI has entered oversold territory (29), but the lack of bullish divergence in volume or price action suggests this may be a false signal.

Volatility and Bollinger Bands

Bollinger Bands have expanded significantly in the past 24 hours, with the price hovering near the lower band for the majority of the session. This suggests heightened volatility and bearish exhaustion at the lower end of the range.

Backtest Hypothesis

The backtesting strategy focuses on a combination of RSI divergence and Bollinger Band reversion to the mean. Given that RSI is currently in oversold territory without corresponding price or volume recovery, this could be an entry point for a mean-reversion trade. However, the breakdown of key support levels and sustained bearish momentum suggest a more aggressive bearish bias. A long trade on a bullish crossover of the 20/50 EMA, combined with a retest of 0.0919, may offer a risk-controlled entry, but the prevailing trend remains downward.