Market Overview for Cetus Protocol/Tether (CETUSUSDT) – 24-Hour Analysis (2025-10-03)

• Cetus Protocol/Tether (CETUSUSDT) traded in a tight range with a bullish bias in the afternoon before consolidating.
• A strong bearish move emerged after 00:00 ET with declining prices and increased volume.
• RSI signaled overbought conditions during the peak, followed by a reversion toward equilibrium.
• Volatility surged during the 19:00–20:00 ET session, then contracted significantly post-00:00 ET.
• A bearish divergence between price and volume was observed late in the cycle.

The Cetus Protocol/Tether (CETUSUSDT) pair opened at 0.0797 on 2025-10-02 at 12:00 ET and closed at 0.0798 the following day. During the 24-hour period, prices reached a high of 0.0828 and a low of 0.0785, with a total trading volume of 13.2 million and a turnover of $1.03 million. The price action displayed a sharp peak after 19:00 ET before retracing and settling in a range-bound pattern.

Structure & Formations

Price formed multiple small bullish and bearish engulfing patterns during the afternoon session (16:00–19:00 ET), which signaled shifting sentiment between buyers and sellers. A key bearish engulfing pattern emerged around 00:15 ET, followed by a series of lower closes and diverging volume, suggesting weakening demand. Notably, a strong resistance appeared at 0.0828, which stalled further upward movement. A support level formed at 0.0798, where the price consolidated at the end of the period. A potential short-term bearish trendline emerged from 0.0815 down to the final close, indicating bearish momentum in the latter half of the 24-hour window.

Moving Averages

The 15-minute chart showed the 20-period moving average (SMA20) above the 50-period SMA (SMA50) early in the session, confirming a short-term bullish bias. However, by 20:00 ET, the SMA50 had crossed above the SMA20, suggesting a bearish crossover. On the daily timeframe, the 50-period and 200-period SMAs were closely aligned, indicating a consolidation phase rather than a strong trend. This suggests the market may remain range-bound in the near term.

MACD & RSI

The MACD histogram showed expansion during the afternoon rally, with positive momentum pushing the MACD line above the signal line. However, after 00:00 ET, the histogram began to contract and turned negative, confirming a bearish shift. The RSI peaked above 70 during the high of 0.0828, signaling overbought conditions. It then declined to a neutral zone of 50–60 by the close, indicating reversion to equilibrium. While the RSI suggested some overbought conditions earlier in the day, it did not reach extreme levels, and the correction was swift and well-defined.

Bollinger Bands

Bollinger Bands showed a moderate expansion during the 19:00–20:00 ET session, with price testing the upper band before reversing. Later in the session, the bands contracted, especially after 00:00 ET, indicating a period of reduced volatility. The closing price settled near the middle band, suggesting a potential consolidation pattern. The volatility contraction may indicate a temporary pause in directional momentum, with potential for a breakout or continuation depending on subsequent volume and candlestick formations.

Volume & Turnover

Volume increased sharply during the 19:00–20:00 ET rally, confirming the bullish breakout attempt. However, volume diverged from price after 00:00 ET, with a bearish move occurring on lower-than-expected volume. This divergence suggests weakening conviction from sellers. Turnover also mirrored this pattern, with the highest turnover occurring during the rally and a sharp drop-off in the final hours of the 24-hour period. This divergence could indicate a potential false breakout or a retracement phase with uncertain follow-through.

Fibonacci Retracements

Applying Fibonacci retracements to the 19:00–00:00 ET swing showed that the price retracted to the 61.8% level at ~0.0801 before consolidating. The 38.2% retracement at ~0.0815 acted as a short-term resistance level, which was tested multiple times. On a larger scale, the daily Fibonacci levels showed a potential bearish target at 0.0780–0.0785, with the current price near the 50% retracement level. This suggests a potential retest of these levels in the near term.

Backtest Hypothesis

Given the observed technical patterns—particularly the bearish divergence in volume and RSI—combined with a failed test of the 0.0828 resistance, a backtesting hypothesis could be constructed based on a bearish breakout strategy. A potential setup would trigger on a close below the 0.0798 support level with volume above the 24-hour average, followed by a stop-loss above the 0.0805 resistance. The take-profit would be set at the 61.8% Fibonacci level of ~0.0780. This approach would aim to capture the continuation of the bearish momentum observed in the final hours of the session.