Celer Network (CELRUSDT) 24-Hour Market Overview

Summary

• Price rose 5.9% to 0.0085, hitting a 24-hour high of 0.00864 amid rising volume spikes.
• Bullish engulfing patterns near 0.0083 suggest support, while resistance holds at 0.00865.
• RSI at 72 (overbought) with MACD divergence hints at a potential short-term pullback.

Market Overview

Celer Network (CELRUSDT) rose from an open of 0.00802 to a close of .0085 (12:00 ET), peaking at 0.00864 and dipping to 0.00802. Total volume reached ~75 million, while turnover (sum of 'amount' field) totaled 3,046 USD over the 24-hour period.

Structure & Formations

Key support at 0.0083 emerged after the 0.00864 high, with a resistance cluster near 0.00865. A bullish engulfing candle formed at 0.0083 on July 16 01:00 ET, reinforcing short-term resilience. The 0.00802 low acts as critical long-term support.

Moving Averages

On the 15-min chart, the 20-period MA (0.0084) remains above the 50-period MA (0.0083), signaling bullish momentum. Daily MAs (50/100/200) trend upward, with the 200-period MA at ~0.0080, further underpinning the uptrend.

MACD & RSI

The MACD line (12/26/9) holds above its signal line, but RSI at 72 signals overbought conditions. A divergence between recent highs and MACD histogram height suggests caution against further aggressive gains.

Bollinger Bands

Price touched the upper band at 0.00864, signaling high volatility. The bands are expanding, suggesting momentum could persist, though a retracement toward the middle band (~0.00845) appears likely.

Volume & Turnover

Volume spiked to 2.58 million during the 0.00864 rally (July 16 01:00 ET), confirming buying pressure. Recent lower-volume closes near 0.0085 may indicate exhaustion, with no significant divergence between price and turnover.

Fibonacci Retracements

A 38.2% retracement of the 0.00802–0.00864 swing (0.00846) and a 61.8% retracement (0.00837) could act as support if prices retreat.

Outlook

Celer Network may consolidate near 0.0083–0.0085 over the next 24 hours, with a potential test of resistance at 0.00865. Investors should monitor volume contraction or RSI correction below 70 for confirmation of further gains. Risks include a sharp pullback to 0.00802 if momentum wanes.