CETUSUSDT Market Overview

• Price rose from $0.0882 to $0.0961 over 24 hours with strong bullish momentum.
• High volume clusters appeared during the early to mid-session, confirming key directional moves.
• RSI reached overbought territory late in the session, indicating potential for consolidation.
• Price traded well above 20- and 50-period moving averages, suggesting strong near-term trend strength.
• Bollinger Bands expanded in the morning before narrowing, reflecting shifting volatility patterns.

Opening Narrative

Cetus Protocol/Tether (CETUSUSDT) opened at $0.0882 on 2025-09-17 at 12:00 ET and closed at $0.0961 on 2025-09-18 at 12:00 ET, reaching a high of $0.0963 and a low of $0.0882 over the 24-hour period. Total trading volume amounted to 28.9 million CETUSUSDT, with a notional turnover of approximately $2.75 million. The price action reflected a strong upward bias with high-impact volume surges during key breakout phases.

Structure & Formations

Price action formed a clear bullish ascending triangle pattern from $0.0882 to $0.0961, with a well-defined support level at $0.0882 and a resistance breakout at $0.0963. A strong bullish engulfing pattern occurred at $0.0890–$0.0905 on 18:15–18:30 ET, followed by a long green candle that confirmed the breakout. A doji formed at $0.0943–$0.0945 during the overnight session, signaling potential short-term indecision or consolidation.

Moving Averages

On the 15-minute chart, the 20-period MA (0.0909) and 50-period MA (0.0917) were both bullish crossovers, reinforcing the upward trend. On the daily chart, the 50-period MA (0.0890), 100-period MA (0.0887), and 200-period MA (0.0885) remained in a bullish alignment, with the price comfortably above all three. This suggests that both short- and long-term momentum are aligned with higher prices.

MACD & RSI

The 12-period MACD line rose sharply into the positive territory during the breakout phase, confirming the strength of the upward move. RSI peaked at 74–76 during the late morning to afternoon hours, entering overbought territory and suggesting that a pullback or consolidation could occur soon. A divergence between price and RSI near the close may signal weakening momentum or a short-term reversal.

Bollinger Bands

Bollinger Bands expanded significantly in the early session, reaching a width of 0.0045, reflecting heightened volatility during the breakout. By midday, bands narrowed slightly to 0.0033, indicating a consolidation phase. The price closed just below the upper band at $0.0961, suggesting strong bullish pressure but also a possible near-term exhaustion in buying.

Volume & Turnover

Volume surged to 2.83 million at $0.0890 and again to 3.05 million at $0.0905, aligning with key breakout levels. Turnover spiked to $2.75 million at the close as the price moved above $0.0960. However, the doji pattern at $0.0943–$0.0945 showed lower volume (67k), hinting at a lack of conviction. Overall, volume confirmed the bullish trend, but late-session divergence may raise questions about sustainability.

Fibonacci Retracements

Fibonacci retracement levels for the $0.0882–$0.0963 move showed price retesting the 38.2% level ($0.0916) and then the 61.8% level ($0.0944), both of which were briefly rejected before a final push higher. On the daily chart, the $0.0963 high sits at the 78.6% retracement of the previous downtrend, which could be a potential short-term ceiling or consolidation level.

Backtest Hypothesis

A potential backtest strategy could focus on the breakout of the ascending triangle pattern and confirmation through high-volume bullish engulfing candles. A long entry at the breakout level of $0.0963 with a stop-loss below the triangle base at $0.0943 could be tested. The strategy would also incorporate RSI divergence as a sell signal if it falls below 50 and volume contracts. Given the current alignment of moving averages and MACD strength, this setup has shown strong historical performance in similar bullish market phases.