Market Overview for Celer Network (CELRUSDT) – 2025-07-29

• Celer Network (CELRUSDT) experienced a bearish 24-hour move, closing at 0.00799 after testing key support levels.
• A sharp intraday selloff from 0.00816 to 0.00776 suggests strong bearish momentum, with RSI signaling oversold conditions.
• Volatility expanded significantly during the session, with Bollinger Bands widening as volume surged past 40 million CELR.
• A potential bullish reversal formed at 0.00776, but confirmation above 0.00806 is needed to challenge the 50-period EMA.
• Divergence between price and volume suggests caution ahead; buyers may need to commit more to sustain a rebound.

Market Overview

Celer Network (CELRUSDT) opened at 0.00817 on 2025-07-28 at 12:00 ET, reached a high of 0.0082, a low of 0.00776, and closed at 0.00799 on 2025-07-29 at 12:00 ET. Total volume for the 24-hour period was approximately 56.8 million CELR, with a notional turnover of around $454,000 (based on average price of ~$0.0080).

Structure & Formations

The 24-hour candlestick pattern showed a strong bearish bias, with price dropping from ~$0.00816 to ~$0.00776 in a tight, bearish consolidation. A key support level at 0.00776 was tested and rejected, with a potential bullish reversal candle forming at that level. A doji at 0.00776 may indicate indecision or a potential bottoming process. Resistance levels at 0.00806 and 0.00816 appear to be critical for near-term direction.

Moving Averages

On the 15-minute chart, price closed below both the 20 and 50-period EMA, reinforcing bearish momentum. The daily chart shows price below the 50 and 100-period EMA but above the 200-period EMA, suggesting mixed signals across timeframes.

MACD & RSI

The 15-minute MACD crossed below the signal line, with bearish divergence. RSI dropped into oversold territory (below 30) at 0.00776, signaling potential for a short-term bounce. However, RSI has not yet shown a strong bullish divergence to confirm a reversal.

Bollinger Bands

Bollinger Bands expanded significantly during the selloff, indicating rising volatility. Price briefly touched the lower band at 0.00776, which acted as a temporary floor. A close above the middle band (~0.00793) could signal a near-term reversal, but confirmation above the upper band (~0.00815) would be needed for a stronger bullish case.

Volume & Turnover

Volume spiked during the 00:00–06:00 ET window, with the largest single candle (00:45–01:00) showing a 4.4 million CELR turnover. However, volume during the bounce at 0.00776 was relatively low, raising questions about the strength of the reversal. A divergence between price and volume suggests caution for bullish bidders.

Fibonacci Retracements

Applying Fibonacci to the 0.0082–0.00776 swing, the 38.2% retracement level is at ~0.00793 and the 61.8% is at ~0.00806. Price closed near the 61.8% level, which could serve as a key pivot point. A break above this level may trigger a test of the 0.00816–0.0082 range.

Celer Network may consolidate near 0.00806 in the next 24 hours, with a potential test of 0.00816 if buyers step in. However, a retest of 0.00776 remains a risk if bearish momentum resurfaces. Investors should monitor volume and RSI for signs of a reversal or breakdown.