Celer Network/Tether Market Overview

Summary
• CELRUSDT opened at $0.005628 and closed at $0.005764, with a 24-hour range of $0.005622 to $0.006118.
• Strong bullish momentum emerged in the latter half of the day, with a peak high of $0.006118.
• Notable price consolidation occurred in the final hours of the trading session.

Celer Network/Tether (CELRUSDT) opened at $0.005628 on 2025-11-07 at 12:00 ET and closed at $0.005764 on 2025-11-08 at 12:00 ET, with a high of $0.006118 and a low of $0.005622. The 24-hour notional volume was approximately $656,679,000 and total turnover reached $419,321,568.

Structure & Formations

The price formed a distinct bullish trend in the final 6 hours, breaking above prior resistance levels near $0.006001 and testing $0.006118. A key resistance appears at $0.006001, while a support level forms around $0.005873–$0.005883, where consolidation occurred after the rally. A bearish engulfing pattern is observed around $0.005904 to $0.005943, indicating a short-term pullback.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart suggest a shift in momentum, with price closing above both and confirming a short-term bullish trend. On the daily chart, the 50-period MA appears to be crossing above the 100-period MA, suggesting a potential continuation of upward momentum in the near term.

MACD & RSI

The MACD line crossed above the signal line mid-day, signaling bullish momentum. RSI, though not available for the full backtest period, appears to be in a positive range (above 50), with no clear overbought conditions yet. A potential RSI divergence is noted in the late hours, as price makes higher highs while RSI remains flat, hinting at possible exhaustion.

Bollinger Bands

Volatility expanded significantly during the final 8 hours, with price moving from the lower band to nearly touch the upper band. A contraction in band width was observed during the first half of the day, suggesting a period of consolidation before the breakout. Price currently sits near the midline, indicating neutral positioning for the next possible move.

Volume & Turnover

Volume surged in the last 8 hours, with the largest single 15-minute volume spike at $0.006009–$0.006011, reaching 2.96 million CELR. Notional turnover followed the volume closely, confirming the bullish bias. A divergence appears in the final 2 hours, as volume slows despite price pushing to a high of $0.006118, suggesting a potential pause in the rally.

Fibonacci Retracements

Applying Fibonacci levels to the last 15-minute swing from $0.00577 to $0.006118, price found support at the 38.2% level (~$0.00592) and tested the 61.8% level (~$0.00598). Daily Fibonacci retracements from a larger move ($0.005628–$0.006118) suggest potential resistance at $0.00602 and support at $0.00589.

Backtest Hypothesis

To evaluate the RSI-based strategy effectively, a valid exchange-specific price feed (e.g., BINANCE:CELRUSDT) is necessary due to symbol ambiguity. Once the data is clarified, I can compute the 14-period RSI, identify entry and exit signals, and run a backtest from 2022-01-01 to today. The results will include metrics such as total return, drawdown, win-rate, and performance charts. Please specify the preferred data source or provide a CSV/JSON file to proceed.