Market Overview for Celer Network/Tether on 2025-12-21

Summary
• Price action formed bearish engulfing and rejection patterns below 0.003695.
• RSI signaled oversold conditions mid-day, but price failed to recover strongly.
• Volatility surged after 19:00 ET, with volume peaking at 2.2 million CELR in one 15-minute interval.
• Bollinger Bands showed a tight pre-break trend channel before a sharp breakdown.
• Turnover diverged from price in late ET hours, hinting at potential exhaustion.

Celer Network/Tether (CELRUSDT) opened at 0.003696 and traded between 0.003697 and 0.003501 over the past 24 hours, closing at 0.003647 at 12:00 ET. Total volume reached 28.5 million CELR, with a notional turnover of $9,533. The pair experienced a clear bearish bias driven by sustained selling pressure in the afternoon ET timeframe.

Structure & Formations

On the 5-minute chart, a bearish engulfing pattern formed at 19:30 ET, followed by a doji at 23:45 ET that signaled indecision ahead of the final downward move. Key support appeared at 0.003620, where buying interest briefly paused the decline. Resistance levels at 0.003695 and 0.003720 were repeatedly rejected, suggesting a possible shift in short-term sentiment. On the daily chart, the 200-day moving average appears as a strong bearish reference point, with price hovering below this key level.

Momentum & Volatility

The RSI reached oversold territory around 0.30 at 21:30 ET but failed to rally meaningfully, indicating weak follow-through buying. MACD crossed below its signal line in late ET hours, confirming bearish momentum.

. Bollinger Bands contracted tightly before the breakdown, hinting at a potential reversal that never materialized. Volatility spiked after 19:00 ET, with a sharp drop from 0.0037 to 0.003620 in under 3 hours.

Volume and Turnover

Volume surged above 2 million CELR at 15:00 and 16:00 ET, coinciding with the breakdown from 0.003650. Turnover spiked during these intervals, reaching a peak of $1.6 million at 16:15 ET. However, the divergence between declining price and stable turnover in the late ET hours suggests weakening conviction among sellers.

Fibonacci Retracements

A major daily swing from 0.003726 to 0.003622 saw price find temporary support at the 61.8% retracement level (0.003652). On the 5-minute chart, the 38.2% Fibonacci level at 0.003662 acted as a minor support, but failed to halt the downward trend.

The market appears to have broken below a key consolidation range, with short-term momentum favoring further downside. Investors may need to watch whether 0.003620 holds as the next critical support level. However, as always, sharp volume spikes and divergences should be treated with caution, as they may precede a reversal or a continuation depending on broader market conditions.