Market Overview for Cetus Protocol/Tether (CETUSUSDT)

Summary
• Price opened at $0.0355 and closed at $0.0372, with a high of $0.0378 and low of $0.0351.
• Volatility increased in the evening, with a strong rally after 10:00 PM ET.
• Turnover surged during the 22:15 ET candle, confirming the breakout phase.

Cetus Protocol/Tether (CETUSUSDT) opened at $0.0355 on 2025-11-06 at 12:00 ET and closed at $0.0372 on 2025-11-07 at 12:00 ET, reaching an intraday high of $0.0378 and low of $0.0351. The pair experienced a total 24-hour volume of 4,383,101.1 units, translating to a notional turnover of approximately $159,706. The price action suggests a potential consolidation phase after a strong breakout.

Structure & Formations

The price formed a bullish continuation pattern in the late evening, with a strong close near the upper end of a 15-minute range. Notable support levels include $0.0351 and $0.0362, while key resistance levels sit at $0.0366 and $0.0370. A series of bullish engulfing patterns emerged between 19:00 ET and 22:15 ET, suggesting momentum is shifting in favor of buyers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed positively in the late evening, reinforcing the breakout. The 50-period SMA currently sits at $0.0364, with the 20-period SMA above it. Daily MAs (50, 100, 200) are not available due to data constraints, but the intraday momentum indicates a potential shift in trend.

MACD & RSI

The MACD histogram has turned positive since 20:00 ET, with the line crossing above the signal line. This reinforces the bullish momentum. The RSI climbed above 55 by 10:00 PM ET, indicating increasing buying pressure. While not yet in overbought territory, the RSI shows a strong upward bias, suggesting the rally could continue unless capped at $0.0375–$0.0380.

Bollinger Bands

Price action expanded out of a narrow Bollinger Bands contraction that began at 18:00 ET, breaking above the upper band at 22:15 ET. This breakout was confirmed by a strong close above the upper band, suggesting a continuation into the next trading period.

Volume & Turnover

Volume spiked significantly at 22:15 ET and again at 22:30 ET, with the 22:15 ET candle accounting for 1.4 million in traded volume — nearly 32% of the 24-hour total. The strong volume and upward close confirm the breakout. However, a divergence appears in the 22:45 ET candle, with a lower high but higher volume, suggesting potential exhaustion ahead.

Fibonacci Retracements

The 15-minute swing from $0.0351 to $0.0378 saw a retest at 61.8% (approximately $0.0370), which was rejected with a strong close above. The 78.6% retracement level (~$0.0380) may now be the next target, while a pullback to 38.2% (~$0.0365) appears to be a minor consolidation level.

Backtest Hypothesis

Given the recent breakout pattern and strong volume confirmation at $0.0372, a backtesting strategy could be constructed to test the efficacy of entering a long position on CETUSUSDT at a stop above $0.0370, with a target at $0.0380 and a stop-loss at $0.0362. The momentum seen in the RSI and MACD, combined with the bullish engulfing patterns, suggests this setup could yield a favorable risk/reward. A 1-3-day holding period would allow the strategy to capture potential follow-through buying.