CELOUSDT Market Overview: Resilient Rebound Amid Volatile 24-Hour Session

• CELOUSDT experienced a strong intraday rebound, closing at 0.3051 after a 0.2985 intraday low.
• Key resistance appears at 0.3064–0.3075 with potential bullish continuation signs.
• Volatility expanded in the final 6 hours, with volume surging above 400,000 near session high.
• RSI and MACD showed positive divergence, indicating potential for further upward correction.

Celo/Tether (CELOUSDT) opened at 0.3045 on 2025-09-15 at 12:00 ET and reached an intraday low of 0.2985 before closing at 0.3051 on 2025-09-16 at 12:00 ET. The pair traded between 0.298 and 0.3076, with a total volume of 2,203,823.3 and a turnover of ~$667,708 (assuming $0.303 average).

The 15-minute chart showed a strong bullish reversal in the 7–9 PM ET range, with a significant volume spike coinciding with a bullish engulfing pattern as price broke above a 0.305–0.3064 consolidation range. Support appears to be forming around 0.303–0.304, with 0.302 as a secondary level. The 20-period and 50-period moving averages on the 15-minute chart both crossed above key support levels in the final hours of the session, suggesting potential for further upward bias.

Structure & Formations

A doji formed at 0.3032–0.3035 around 00:45 ET, signaling indecision after a sharp intraday low. This was followed by a strong bullish breakout at 0.305–0.3064, with a potential ascending triangle pattern in play. The 0.3064–0.3075 range appears as the next key resistance, especially after a double-bottom formation at 0.3045.

Key Support / Resistance Levels

• Support: 0.303 (confirmed), 0.3011 (potential), 0.2991 (breakdown risk)
• Resistance: 0.3045 (tested), 0.3064 (key), 0.3075 (major)

Bollinger Bands widened significantly after the breakout, with the close at 0.3051 near the upper band, indicating strong volatility and bullish momentum.

MACD & RSI

The 15-minute MACD showed a positive crossover around 0.304–0.305, with both the MACD line and histogram expanding as price moved higher. RSI crossed above 50 and entered overbought territory near 68–70 in the final hours of the session. Notably, the RSI and price diverged slightly at the 0.3045–0.305 level, but the divergence was bullish rather than bearish, suggesting a continuation of the rally.

Volume & Turnover

Volume spiked dramatically between 5:00–8:00 ET, with intrahour volumes exceeding 170,000 and 250,000 at key resistance levels. Notional turnover confirmed the price action, with a clear surge in buying pressure as the price broke above 0.305. The volume profile suggests strong accumulation, with no significant divergence between volume and price in the last 6 hours.

Fibonacci Retracements

Applying Fibonacci to the 0.2985–0.3075 swing, key retracement levels include:

• 38.2% = 0.3044
• 61.8% = 0.3026

Both levels were tested and held as support during the session, reinforcing the idea that the 0.3045–0.3064 area is structurally important for the near term.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern confirmation at the 0.305–0.3064 resistance level, with a stop-loss just below the 0.3032 doji and a take-profit aligned with the 0.3075–0.3083 range. This approach would leverage the observed breakout behavior and momentum indicators suggesting continued upward bias. The use of RSI and MACD in conjunction with Fibonacci levels could provide a probabilistic edge for short-term traders looking to capitalize on the current trend.

Outlook

Looking ahead, CELOUSDT is positioned to test 0.3075 as the next key resistance. A close above this level could trigger a retest of 0.3083–0.309, with potential for a 0.310 target if bullish momentum holds. However, a breakdown below 0.3032 could reintroduce volatility and trigger a retest of the 0.2991–0.2985 area. Investors should closely monitor volume and divergence in the RSI as early warning signals of potential reversals.