CELRUSDT Breaks Key Support as Volume Confirms Downtrend Strength

Summary
• Price found temporary resistance near 0.002585 but failed to hold above 0.00263, showing bearish momentum.
• Volume surged during the downtrend, confirming bearish sentiment, especially between 19:00–20:30 ET.
• RSI entered oversold territory near 30, suggesting potential short-term bounce, though trend remains bearish.
• Bollinger Bands show contraction during consolidation, with price breaking lower in early ET hours.
• Key support tested at 0.00249, with a possible next level at 0.00246, below which further selling could emerge.

Celer Network/Tether (CELRUSDT) opened at 0.002605 on 2026-02-06 at 12:00 ET, reaching a high of 0.002661 before closing at 0.002564 on 2026-02-07 at 12:00 ET, with a low of 0.002462. Total volume traded was 31,646,657.7 and notional turnover was 80,635.12.

Structure & Formations

Price action revealed a strong bearish trend following a failed rally above 0.00263, marked by engulfing bearish patterns and a long lower shadow at 0.00249. Key support at 0.002495 was tested multiple times before a pullback began forming. Resistance levels above 0.002585 repeatedly failed to hold, suggesting bearish exhaustion may not yet be complete.

Moving Averages

On the 5-minute chart, price remained below both the 20 and 50-period moving averages, reinforcing a short-term bearish bias. No clear crossover signals were evident, with the 50-line acting as dynamic resistance during minor retracements.

Momentum & Volatility

The RSI indicator dropped into oversold territory near 30, potentially signaling a near-term bounce. However, MACD remained bearish with a negative histogram. Volatility increased with a clear expansion of Bollinger Bands during the early ET hours, followed by a bearish breakout.

Volume & Turnover

Volume spiked during the bearish phase, especially between 19:00–20:30 ET and in the early morning hours, confirming the strength of the downtrend. Turnover aligned with volume surges, indicating no significant divergence and supporting continuation of the bearish move.

Fibonacci Retracements

Key Fibonacci levels from the high of 0.002661 to the low of 0.002462 were in play. The 38.2% retracement at 0.002565 has been a temporary floor, with the 61.8% level at 0.002535 likely to be tested next if a bounce occurs.

Price may find near-term support at 0.00249 before testing the 0.002462 level. Traders should remain cautious of potential volatility as volume suggests the trend is not yet exhausted.