CETUSUSDT Cracks Key Resistance With Bearish Engulfing Confirmation

Summary
• Price fell from 0.01973 to 0.01872, forming bearish engulfing patterns near key resistance.
• Volume spiked during the early morning decline, confirming downward momentum.
• RSI suggests oversold conditions near 0.0184, but price remains below 20-period MA.
• Bollinger Bands show moderate volatility with price near the lower band in the afternoon.
• Fibonacci retracement levels indicate potential support at 0.0185 and 0.0183.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.01967 on 2026-04-03 12:00 ET, peaked at 0.01973, and closed at 0.01872 on 2026-04-04 12:00 ET, hitting a low of 0.01844. Total 24-hour volume was 17.2 million, with $348,420 in turnover.

Structure and Key Levels

The 24-hour price action formed a bearish trend from 0.01973 to 0.01844, with bearish engulfing patterns observed at 0.01936 and 0.01908. A potential support level appears near 0.0185, with a larger support at 0.0183 as identified by Fibonacci retracements of the 0.01973–0.01844 move.

Moving Averages and Momentum

Price remained below the 20-period and 50-period moving averages for most of the day, with only a minor recovery near the end of the session. RSI dropped into oversold territory near 0.0184 but has yet to confirm a reversal, with the indicator still below 30 in the late afternoon.

Volatility and Bollinger Bands

Bollinger Bands showed moderate volatility with price closing near the lower band at 0.01872, indicating a period of consolidation after the sharp decline. No significant contraction in volatility was observed, suggesting continued bearish momentum is possible.

Volume and Turnover

Volume spiked during the early morning decline and again in the late afternoon as price approached key support levels. Notional turnover was consistent with the price decline, with no clear divergence between volume and price.

The pair may test 0.0185 over the next 24 hours for a potential rebound, but a breakdown below 0.0183 could accelerate the downtrend. Investors should remain cautious as liquidity appears to be thin near key support levels.