CETUSUSDT Market Overview: Cetus Protocol/Tether on 2025-10-11

• Price dropped sharply from $0.0670 to $0.0289 due to massive volume sell-offs.
• Key support levels formed at $0.0379–$0.0450 with consolidation seen in final hours.
• Volume spiked to $7.8M at 21:00 ET, confirming panic selling.
• RSI reached oversold levels, suggesting potential for a short-term rebound.
• Bollinger Bands showed volatility expansion after 21:00 ET as price broke lower.

Cetus Protocol/Tether (CETUSUSDT) opened at $0.0675 on 2025-10-10 at 12:00 ET, peaked at $0.0680, and reached a 24-hour low of $0.0184 before closing at $0.0497 as of 2025-10-11 at 12:00 ET. Total volume over the 24-hour period reached 150,621,377.01, with a notional turnover of approximately $7,157,283. The market experienced significant bearish momentum from 21:00 to 21:30 ET as prices collapsed on heavy volume.

Structure & Formations

The 24-hour price action for CETUSUSDT displayed a sharp bearish breakdown, especially between 21:00 and 21:30 ET, where a large bearish candle formed with a long lower wick at $0.0184. This candlestick pattern suggests strong bearish sentiment and a loss of immediate support. Price found consolidation between $0.0379 and $0.0450 in the later hours, with a small bullish engulfing pattern forming around 08:30–08:45 ET indicating some short-term buying pressure. A doji at 03:45 ET further signals indecision and a potential turning point in the immediate bearish trend.

Resistance

Key resistance levels appear to form at $0.0464–$0.0470 and $0.0482–$0.0489, where price struggled to break above multiple times. These levels represent psychological and prior swing highs from earlier in the day.

Support

Support was briefly tested and held at $0.0379, $0.0403, and $0.0450, indicating potential zones for buyers to step in should prices decline further.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in bearish alignment, with the 20-period line falling below the 50-period line, suggesting a continuation of the downward trend. On the daily timeframe, the 50-period, 100-period, and 200-period moving averages are all trending lower, reinforcing the bearish bias.

MACD & RSI

The MACD line crossed below the signal line early in the breakdown phase (around 21:00 ET), signaling a bearish crossover. RSI collapsed to a reading of 15 around 21:30 ET, indicating extreme oversold conditions, which could hint at a potential short-term bounce, though caution is needed given the prolonged bearish trend. The histogram shows a sharp divergence in bearish momentum after the initial sell-off, suggesting exhaustion could be near.

Bollinger Bands

Bollinger Bands widened significantly after 21:00 ET, coinciding with the sharp price drop, indicating a period of high volatility. Price has since moved back closer to the lower band, suggesting the market may be overextended on the downside. A retest of the midline of the bands ($0.0445–$0.0465) could indicate a potential reversal if buyers emerge.

Volume & Turnover

The most notable spike in volume occurred between 21:00 and 21:15 ET, with over $7.8M of notional turnover as the price fell below $0.0300. This volume confirmed the bearish breakdown rather than contradicting it. In the final hours, volume decreased to below $400k, suggesting the market is consolidating and potentially finding a base. The divergence between price and volume in the final hours indicates some buyer interest, but not yet strong enough to reverse the trend.

Fibonacci Retracements

Applying Fibonacci to the 15-minute breakdown from $0.0670 to $0.0184, key retracement levels of 38.2% and 61.8% are at approximately $0.0379 and $0.0473, respectively. These levels were tested in the last 10 hours, with some consolidation at $0.0470–$0.0475 indicating potential short-term support. A break above 61.8% could signal a deeper recovery, but given the strength of the bearish move, buyers may face resistance before then.

Backtest Hypothesis

The backtesting strategy described involves entering a long position when RSI crosses above 30 after a prolonged bearish phase and volume increases by at least 50% from the prior hour. Given the recent RSI levels reaching oversold territory and a noticeable volume spike at 21:00 ET, the conditions for a potential long entry were met. However, the subsequent price movement remained bearish, highlighting the need for a stronger follow-through to confirm a reversal. This aligns with the observed consolidation at $0.0450–$0.0470, which could serve as a potential entry point for the strategy if buyers emerge with conviction in the next 24 hours.