Celer Network/Tether Market Overview

Summary
• CELRUSDT trades lower with 24-hour volume of 56.6M, closing at 0.006008.
• RSI near oversold territory, Bollinger Bands show recent volatility contraction.
• Key support at 0.00595–0.00598, resistance at 0.00601–0.006065 identified.

Celer Network/Tether (CELRUSDT) opened at 0.006026 on 2025-11-09 12:00 ET and closed at 0.006008 on 2025-11-10 12:00 ET, reaching a high of 0.006100 and a low of 0.005874 over the 24-hour period. Total trading volume was approximately 56.6 million CELR, with notional turnover amounting to $341,600.

Over the last 24 hours, CELRUSDT has shown a bearish bias, particularly in the 15-minute chart, with several key resistance levels near 0.00601–0.006065 being tested and rejected. A notable bearish pattern emerged in the early morning hours (ET) with a strong bearish continuation from 0.006085 to 0.005983 over a 90-minute window. Support levels appear to be consolidating between 0.00595–0.00598, with a potential short-term bounce possible if these levels hold.

The RSI is currently hovering near oversold territory at 28, suggesting potential for a short-term reversal, but not an immediate reversal in trend. Bollinger Bands show a recent contraction in volatility, with price currently near the mid-band, indicating consolidation. The 20-period and 50-period moving averages on the 15-minute chart have crossed below the price, reinforcing the short-term bearish bias. On the daily timeframe, the 50-period MA is approaching the 200-period MA, which may signal a potential shift in longer-term momentum.

Volume has remained elevated in the 04:00–06:00 ET timeframe, corresponding with the deepest bearish moves. Notional turnover spiked during this period as well, aligning with price action. A divergence in price and volume is visible in the 08:00–10:00 ET period, suggesting weakening bearish momentum. If volume can confirm a retest of key resistance levels, a reversal pattern could develop.

The MACD histogram shows a bearish divergence, with a recent decline in price not reflected by a corresponding bearish momentum expansion. A bearish crossover is currently in place, with the signal line pressing the MACD line from above. This suggests continued short-term bearish pressure.

The key Fibonacci retracement levels from the recent swing high at 0.006100 and swing low at 0.005874 are as follows:
- 38.2% at 0.005982
- 61.8% at 0.005907
Price is currently hovering near the 38.2% retracement level, which has shown prior support. A break below this level could lead to a test of the 61.8% level or even a new 24-hour low.

Backtest Hypothesis
A short position could have been triggered on 2025-11-09 around 22:00–23:00 ET, as the price broke key support near 0.006006 and momentum indicators confirmed bearish momentum. The short would have been closed after 10 trading days or on a 5% stop-loss (which would have been triggered at 0.006308 in this case). This setup would have aligned with the bearish pattern seen in the 15-minute candlestick action and confirmed by the RSI and MACD. A backtest could help quantify how often such a signal results in a profitable trade under similar conditions.