Market Overview for Cetus Protocol/Tether (CETUSUSDT)

Summary
• Price tested resistance at 0.0236 before retreating, forming a bearish engulfing pattern at 23:45 ET.
• RSI showed overbought conditions briefly before diverging with price, hinting at short-term exhaustion.
• Volume surged during 19:30–20:30 ET, but price failed to hold key support at 0.0234 in late trading.
• Volatility spiked midday, with Bollinger Band expansion followed by a contraction toward the close.
• A large bearish candle at 23:00 ET (0.0234 → 0.0230) indicated strong downward pressure after a consolidation phase.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0235 on December 25 at 12:00 ET, reached a high of 0.0236, and closed at 0.0228 by 12:00 ET on December 26, with a low of 0.0226. Total volume was 5.43 million, and turnover amounted to 132,853.10 USDT.

Structure & Formations

Price moved within a tight range of 0.0234–0.0236 for much of the session, breaking lower after 23:00 ET when a large bearish candle formed on a 0.0234 open and closed at 0.0230. . This bearish break below the 0.0234 level may signal a potential short-term reversal. A bearish engulfing pattern appeared at 23:45 ET as price moved from 0.0234 to 0.0233, confirming downward pressure.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned near 0.0234–0.0235, providing a temporary confluence zone. The daily chart shows a bearish crossover with the 50-period above the 200-period, suggesting bearish bias for the next 24 hours.

MACD & RSI

The MACD crossed into negative territory after 23:00 ET, confirming bearish momentum. RSI reached overbought levels near 0.0236 but failed to follow through, showing a divergence that may indicate a lack of buying interest.

Bollinger Bands

Volatility expanded between 18:45 and 20:15 ET, with price reaching the upper band multiple times. This was followed by a contraction in the final two hours, suggesting a potential pause in directional bias.

Volume & Turnover

Volume spiked during 19:30–20:30 ET, peaking at 834,735.9 at 19:30 ET, but price did not sustain the upward movement. A divergence between rising turnover and falling price was evident after 22:45 ET, indicating weakening bullish conviction.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at 0.0232 was tested but failed to hold, leading to a breakdown below 0.0230. The 38.2% retracement at 0.0233 appears to be the next key level to watch for potential support.

Over the next 24 hours, CETUSUSDT may test the 0.0226 low again or find temporary support at 0.0230. Traders should remain cautious as the bearish engulfing pattern and divergence in RSI suggest further downward momentum, though a bounce into 0.0232–0.0233 could occur. Volatility may remain elevated as traders react to key Fibonacci and moving average levels.