Market Overview: Celer Network/Tether on 2025-12-24

Summary
• Price formed a bullish engulfing pattern in late-night trading.
• Volatility expanded near 0.003660, with volume surging on bullish moves.
• RSI remained in neutral territory, but 20-period MA provided short-term support.
• Bollinger Bands widened during early morning, indicating increased uncertainty.

Celer Network/Tether (CELRUSDT) opened at 0.003612 on 2025-12-23 12:00 ET and closed at 0.003602 by 2025-12-24 12:00 ET, reaching a high of 0.003666 and a low of 0.003530 over the 24-hour period. Total volume traded was approximately 146,487,276 CELR, with notional turnover of roughly $529,956 (based on average price).

Structure & Formations

A key support level appears to form around 0.003560, where the price tested and bounced multiple times. On the 5-minute chart, a bullish engulfing pattern emerged in the early hours of 12/24 (around 1900–2000 ET), suggesting a short-term reversal in bearish momentum. A doji formed near 0.003640 in the early morning, indicating indecision amid increased volatility.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 5-minute chart converged near 0.003610–0.003620, suggesting short-term equilibrium. The MACD histogram showed a positive expansion in the early morning as bullish momentum picked up, but it has since flattened, signaling reduced conviction. On the daily chart, the 50-period MA is above the 100-period MA, but the 200-period MA remains bearish, indicating longer-term caution.

RSI and Bollinger Bands

The 14-period RSI remained in the 50–60 range for most of the 24-hour window, suggesting a balanced market with no strong overbought or oversold signals. Bollinger Bands widened significantly during the late-night hours (12/23–12/24), reflecting heightened volatility, with price fluctuating near the upper and lower bands.

Volume and Turnover

Volume spiked sharply during the late-night and early morning hours (1900–0400 ET), especially around 0.003650–0.003660, where large bullish candles emerged. Notional turnover aligned with volume spikes, suggesting genuine price action rather than wash trading. A divergence appeared near 0.003560 in the afternoon, where volume declined despite a continued price dip—possibly indicating a short-term bottoming process.

Visual Representation

Fibonacci Retracements

Applying Fibonacci retracements to the recent 5-minute swing (from 0.003566 to 0.003666), the 0.382 level (~0.003624) and 0.618 level (~0.003600) appear to have functioned as psychological pivots for traders. On the daily chart, the 0.382 retracement level (~0.003570) coincides with strong intraday support, suggesting it may hold during any short-term dips.

Celer Network/Tether may consolidate near the 0.003600–0.003620 range in the next 24 hours, with a potential test of the 0.003640 resistance. However, increased volatility could trigger a pullback to 0.003560 if short-term buyers fade. Investors should monitor volume and RSI for signs of exhaustion or renewed momentum.