Celer Network/Tether Market Overview

• Price rose 4.18% on strong volume and momentum, with a breakout above key resistance.
• RSI indicates overbought conditions, suggesting potential consolidation or pullback.
• Volatility expanded during the 24-hour period, with Bollinger Bands widening.
• A bullish engulfing pattern emerged in early ET hours, signaling buyer control.
• Turnover increased sharply during midday ET, confirming price strength despite divergences in volume.

Celer Network/Tether (CELRUSDT) opened at $0.00763 on 2025-09-17 12:00 ET, rose to a high of $0.00815, and closed at $0.00802 by 12:00 ET on 2025-09-18. Total volume was 86.2 million CELR, and turnover reached $6.92 million over the 24-hour period. The pair showed strong upward bias, with momentum diverging toward overbought territory.

Structure & Formations

Price formed a bullish engulfing pattern in the early hours of ET, followed by a series of bullish continuation patterns such as rising hammers and inside bars. Key resistance was cleared at $0.00805, and support appears to have held near $0.00797. A small bearish doji emerged in the final hours, indicating potential indecision among buyers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are aligned to the upside, with price above both. On the daily chart, the 50-period MA is crossing above the 100-period and 200-period MAs, suggesting a potential medium-term bullish crossover. This confirms the short- and medium-term bullish momentum.

MACD & RSI

The MACD line crossed above the signal line in the morning, confirming bullish momentum. However, the histogram began to shrink in the afternoon, suggesting that buying pressure may be easing. RSI peaked above 70 in midday ET, indicating overbought conditions and potential for a pullback or consolidation.

Bollinger Bands

Bollinger Bands expanded as volatility increased during the 24-hour period. Price spent much of the session near or above the upper band, indicating strong buying pressure. However, the bands began to contract slightly in the final hours, which may suggest a near-term pause in directional movement.

Volume & Turnover

Volume and turnover spiked in the late morning and early afternoon ET, confirming the strength of the upward move. However, in the last 3–4 hours of the session, volume declined relative to the earlier spikes, while price remained near highs. This could indicate a divergence that traders should watch for in the next 24 hours.

Fibonacci Retracements

On the 15-minute chart, price tested the 61.8% Fibonacci retracement level at $0.00805 and broke through, signaling strong momentum. A 38.2% retracement at $0.00800 appears to be acting as a minor support area. On the daily chart, the 50% and 61.8% retracement levels align with recent highs and could act as resistance or support in the short term.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when price closes above the 50-period moving average on the 15-minute chart, confirmed by a bullish engulfing candlestick. Stop-loss placement would be just below the most recent support, and take-profit would be set at the next Fibonacci extension level. This strategy aligns with the observed technical conditions and could be backtested over similar price environments for validation.