Celo/Tether Market Overview

• CELOUSDT surged 16% over 24 hours, reaching 0.3402 at 12:00 ET.
• Momentum remains strong with RSI above 55 and MACD bullish.
• Volatility expanded as Bollinger Bands widened following sharp rally.
• Notable volume spike at 11:45 ET confirmed breakout above 0.3344.
• Key support at 0.3246 and resistance at 0.3457 defined intraday consolidation.

Celo/Tether (CELOUSDT) opened at 0.2865 on October 2, 2025 (12:00 ET – 1), reached a high of 0.3496, and closed at 0.3402 by 12:00 ET on October 3. Total 24-hour trading volume was 55,939,399.5 and notional turnover reached $19,021,647. The 24-hour candle showed a strong bullish reversal after an early consolidation phase, with a late surge in buying pressure.

Structure & Formations

CELOUSDT displayed a strong bullish trend from 0.3050, breaking above prior resistance at 0.3344 with confirmation at 11:45 ET. A series of higher highs and higher lows emerged, with a notable 15-minute engulfing pattern observed at 11:45 ET. Key support levels at 0.3246 (38.2% Fib) and 0.3151 (61.8% Fib) were tested and held, while resistance at 0.3457 and 0.3508 saw consolidation.

Moving Averages

On the 15-minute chart, CELOUSDT remains above both 20-period and 50-period moving averages, indicating a continuation of bullish momentum. On the daily chart, the 50-period MA (0.3175) and 200-period MA (0.2850) are well below current price levels, reinforcing the strength of the recent rally.

MACD & RSI

The MACD turned bullish around 10:30 ET, with the histogram showing increasing positive momentum. RSI climbed into overbought territory (above 65) by 13:30 ET, indicating short-term exhaustion, though the trend remains intact. Divergence between RSI and price was observed during the 14:30–15:00 ET consolidation, suggesting potential near-term profit-taking.

Bollinger Bands

Volatility expanded as the Bollinger Bands widened following the 11:45 ET breakout. The price remained above the mid-band, with a high close at 0.3496 near the upper band. The contraction before 10:30 ET and subsequent expansion suggest a continuation pattern is likely.

Volume & Turnover

Volume surged dramatically at 11:45 ET, coinciding with a breakout above 0.3344. Notional turnover spiked from $6.2M to $15.2M in the same 15-minute interval. The volume-to-price alignment confirmed the breakout, with no significant divergence observed in the last 2 hours. A further increase in volume after 15:30 ET suggests accumulation above 0.3457.

Fibonacci Retracements

Applying Fibonacci to the key 0.305–0.3496 rally, the 38.2% level at 0.3246 and 61.8% level at 0.3151 were tested and held. The 78.6% retracement at 0.3075 is now acting as a critical support. On the daily swing from 0.2865 to 0.3496, the 61.8% level at 0.3151 and 78.6% at 0.3075 offer further key watch levels.

Backtest Hypothesis

A potential backtest strategy involves entering long at a confirmed breakout above 0.3344 (11:45 ET level), with a stop-loss below 0.3246 (38.2% Fib) and a take-profit at 0.3457 (61.8% Fib). Given the alignment of momentum (MACD/RSI), volume confirmation, and Fibonacci structure, this setup may yield high-probability entries for continuation in the short term. The strategy could be refined by adding a filter for bullish candlestick patterns, such as the 11:45 ET engulfing candle, to reduce false signals.