Market Overview for Celer Network (CELRUSDT) on 2025-07-17

• Celer Network (CELRUSDT) rose 5.2% in 24 hours, breaking above key resistance at $0.00865.
• Strong bullish momentum seen in MACD and RSI, with no signs of overbought conditions yet.
• Volume surged 68% in the final 6 hours, confirming the breakout with strong buying interest.
• Price consolidated within Bollinger Bands after a sharp mid-day expansion, suggesting stable volatility.
• A bullish engulfing pattern formed at 06:30–07:15 ET, signaling potential for further upward movement.

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Celer Network (CELRUSDT) opened at $0.00839 on 2025-07-16 at 12:00 ET and closed at $0.00868 on 2025-07-17 at 12:00 ET. The 24-hour range was $0.00839 to $0.00891, with total volume of 29.4 million CEL and turnover of approximately $250,000.

Structure & Formations

The 15-minute chart reveals a strong bullish trend from mid-afternoon (ET) on 2025-07-16, with CELRUSDT forming a bullish engulfing pattern at $0.00865–$0.00869. This pattern, combined with a rejection of prior resistance at $0.00865, suggests strong buying pressure. Key support levels are identified at $0.00858 and $0.00845, while resistance levels are at $0.00873 and $0.00881.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with the price trading above both. On the daily chart, the 50-period MA is at $0.00858, and the 200-period MA is at $0.00842, indicating a longer-term bullish bias. The price is currently above the 50-period MA, suggesting short-term strength.

MACD & RSI

The 15-minute MACD has turned positive and is trending upward, confirming the bullish breakout. The RSI is currently at 58, indicating strong momentum without signs of overbought conditions. This suggests the uptrend may continue for at least the next few hours, though a move above 65 could trigger a pullback.

Bollinger Bands

Volatility spiked in the early hours of 2025-07-17, with the Bollinger Bands expanding significantly. The price then consolidated within the bands for most of the day, showing a stable trading range. The current price sits near the upper band, suggesting the market is testing the top of the channel and could either break out or retrace.

Volume & Turnover

Volume increased sharply in the final 6 hours of the 24-hour period, with the largest 15-minute volume spike at 09:00–09:15 ET when over 6.3 million CEL changed hands. Turnover also surged during this time, confirming the breakout with strong liquidity. The divergence between price and volume was minimal, indicating strong conviction in the upward move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.00839 to $0.00891, key levels are at 38.2% ($0.00862), 61.8% ($0.00877), and 100% ($0.00891). The price has already tested the 61.8% level and appears to be consolidating before the next move. A breakout above $0.00877 could target $0.00891 with strong volume confirmation.

Celer Network appears to be in a strong short-term bullish phase, with momentum and volume confirming the breakout above key resistance. However, traders should remain cautious for any overbought RSI readings or divergences in volume that could signal a potential pullback.