Market Overview: Cetus Protocol/Tether (CETUSUSDT) 24-Hour Analysis

Summary
• Price consolidated between $0.0251 and $0.0256 in a tight range.
• Evening surge pushed price to a 24-hour peak of $0.0259, followed by a sharp reversal.
• Turnover spiked during late afternoon ET, confirming bearish momentum.
• Volume profile shows uneven distribution, with heaviest activity in late afternoon sell-off.
• No clear reversal patterns formed near key support levels during session.

Cetus Protocol/Tether (CETUSUSDT) opened at $0.0255 on 2025-12-16, touched a high of $0.0259, a low of $0.0239, and closed at $0.0243. Total 24-hour volume was 9,312,517.0 units, with notional turnover of $234,946. The session featured high volatility in the late afternoon and early evening, with a sharp sell-off into the close.

Structure & Formations

Price formed a broad descending triangle between $0.0251 and $0.0256 during morning hours, with a breakout attempt in the afternoon that failed. A bearish engulfing pattern emerged near $0.0256, suggesting rejection of higher levels. Key support levels appear around $0.0251 and $0.0246, with price finding a low of $0.0239 after 16:30 ET.

Moving Averages and Bollinger Bands

The 20- and 50-period moving averages on the 5-minute chart remained in close proximity throughout the session, reflecting consolidation. Bollinger Bands widened significantly during the late afternoon sell-off, with price breaking below the lower band around $0.0246. Volatility appears to be peaking, though contraction could follow with consolidation.

Momentum and Indicators

RSI dropped into oversold territory in the final hours, suggesting potential near $0.0240. MACD turned bearish with a bearish crossover, and the histogram displayed a clear divergence from price in the late afternoon.

Momentum appears to be shifting decisively lower following the break of key support.

Volume and Turnover

Volume spiked sharply in the late afternoon and early evening, particularly after 16:30 ET, aligning with the sharp decline in price. The largest turnover spike occurred at 16:30 ET, with $23,786 in turnover, matching a price drop from $0.0245 to $0.0241. Price and turnover aligned in the bearish move, reinforcing the breakdown.

Fibonacci Retracements

Applying Fibonacci retracement to the swing high of $0.0259 and swing low of $0.0239, the 61.8% level sits at $0.0246, where price briefly found a floor. A retest of the 38.2% level ($0.0249) could indicate a bounce or continuation of the bearish trend, depending on volume and order flow.

Forward-looking, the market may test the next support level below $0.0243, with a risk of further downside into $0.0240 if momentum remains bearish. Traders should monitor volume and order flow for signs of accumulation or exhaustion in the coming 24 hours.