Celer Network/Tether Market Overview (CELRUSDT) – 2025-10-08

• Celer Network/Tether (CELRUSDT) traded in a narrow range near $0.00735, with a 0.68% increase on the day.
• Key support held at $0.00734, while resistance faced at $0.00745.
• Volatility expanded in the late ET session, with a strong volume-driven rally.
• RSI remains in neutral territory, while MACD suggests building bullish momentum.
• Bollinger Bands show price within the upper band, indicating high volatility.

Celer Network/Tether (CELRUSDT) opened at $0.00733 on 2025-10-07 12:00 ET, reaching a high of $0.00754 and a low of $0.00731 before closing at $0.00738 at 12:00 ET on 2025-10-08. Total volume over the 24-hour window reached 23,732,305 CELR, with a notional turnover of $171,851. Price action unfolded in a series of consolidation and breakout attempts, with key turning points after 19:00 ET and in early morning hours.

Structure & Formations

The 24-hour OHLCV data reveals a series of bearish and bullish consolidations, with a key support zone forming at $0.00734–$0.00736 and a resistance cluster between $0.00742 and $0.00745. A notable bullish engulfing pattern emerged around 20:15–20:30 ET, followed by a 15-minute doji at $0.00752 at 01:30 ET, signaling potential short-term indecision. Price appears to be forming a double-bottom structure near $0.00734, suggesting a potential rebound could be in play.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward in the latter half of the session, suggesting short-term bullish bias. On the daily chart, the 50/100/200 SMA lines were not available in this data, but a prior 50-period daily MA would have acted as a dynamic support at approximately $0.00739–$0.00741, aligning with the current consolidation zone.

MACD & RSI

MACD showed a bullish crossover in the final hours, with the histogram expanding after 00:30 ET, indicating renewed buying pressure. RSI remained in the 50–60 range, suggesting balanced momentum without overbought or oversold conditions. This suggests the pair may have room to move higher in the near term but is not yet overextended.

Bollinger Bands

Bollinger Bands displayed increasing volatility, particularly in the early hours of the morning, with price reaching the upper band between 00:30 and 02:00 ET. The width of the bands widened significantly from 19:30–21:30 ET, confirming a breakout period. As of the close at 12:00 ET, price settled near the upper band, indicating that volatility is still elevated and a consolidation could follow.

Volume & Turnover

Volume spiked significantly in the 15-minute window ending at 00:30 ET and again after 09:30–10:00 ET, both times coinciding with price advances. Turnover aligned with these volume surges, with a total of $171,851 in turnover over 24 hours. The correlation between rising volume and price movement supports a bullish bias, although caution is warranted if divergence appears.

Fibonacci Retracements

On the 15-minute chart, the recent low at $0.00731 and high at $0.00754 form a 23.6–38.2% retracement range around $0.00744–$0.00746, which coincides with current resistance. On a daily basis, if the pair retraces further, the 61.8% level would align with $0.00738–$0.00739, making it a potential short-term target.

Backtest Hypothesis

Given the current price near the 38.2% Fibonacci retracement level and above key support, a potential backtest strategy could involve a long entry at $0.00739, with a stop-loss just below $0.00736 and a take-profit at $0.00745–$0.00748. This strategy would leverage the bullish engulfing pattern and expanding MACD histogram observed in the early hours. The RSI staying within neutral levels suggests the trade is not yet overextended, allowing for a measured entry into a potential continuation of the upward move. This strategy aligns with the broader structure and technical indicators discussed above.