Market Overview for Celer Network/Tether on 2025-12-28

Summary
• CELRUSDT formed a bearish engulfing pattern near 0.00387, signaling potential reversal.
• Price remained below 5-period SMAs for most of the session, indicating bearish momentum.
• Volume and turnover increased sharply after 04:00 ET, reinforcing downward movement.
• RSI dipped below 30, suggesting short-term oversold conditions but not confirming a rebound.
• Bollinger Bands narrowed before 09:00 ET, followed by a breakout to the downside.

Celer Network/Tether (CELRUSDT) opened at 0.003812 on 2025-12-28 at 12:00 ET − 1 and closed at 0.003841 by 12:00 ET the same day. The pair reached a high of 0.003878 and a low of 0.003801. Total volume for the 24-hour period was approximately 55,682,057.3 and notional turnover amounted to around 213,016.76 USD.

Structure & Formations

A bearish engulfing pattern formed around 04:15 ET as price opened at 0.00387 and closed lower at 0.003876, signaling potential exhaustion of upward momentum. A small doji appeared at 09:45 ET near 0.003861, hinting at indecision. Key support levels formed near 0.003833 and 0.00381, while resistance lingered around 0.00386–0.003875.

Moving Averages

The 20-period and 50-period SMAs on the 5-minute chart remained above price for most of the session, reinforcing the bearish bias. By 09:00 ET, price managed to briefly cross above the 20-period SMA, but failed to hold, indicating a lack of conviction in the short-term rally.

Momentum Indicators: MACD & RSI

The MACD remained negative throughout the day, with the signal line crossing below the histogram around 04:00 ET, suggesting bearish divergence. RSI dipped below 30 during the late afternoon, hinting at short-term oversold conditions, but no significant bullish bounce followed. Price and RSI diverged slightly after 15:00 ET, with price continuing lower while RSI showed a slight rebound.

Bollinger Bands

Volatility was relatively low before 09:00 ET, with Bollinger Bands contracting. Price broke out of the contraction to the downside after 09:00 ET, staying below the lower band until mid-session. This expansion signaled an increase in bearish pressure and a potential shift in market sentiment.

Volume & Turnover

Volume spiked significantly after 04:00 ET and again around 09:00–10:00 ET, confirming the downward price movement during those periods. Notional turnover rose in tandem, indicating active participation in the bearish move. However, after 15:00 ET, both volume and turnover declined, suggesting reduced conviction among traders.

Fibonacci Retracements

On the 5-minute chart, price found temporary support at the 38.2% Fibonacci level (~0.00384–0.00385) after a downward swing from 0.003878 to 0.00383. On the daily chart, the 61.8% retracement (~0.003835) acted as a key support level, aligning with the bearish pattern seen earlier.

Forward Outlook and Risk Note

CELRUSDT appears to be in a short-term bearish phase, with key support at 0.00383 and potential resistance at 0.00386–0.00387. A sustained break below 0.00383 could invite further downside. Investors should monitor volume and RSI divergence as signs of potential reversals, while managing risk with stop-losses near 0.00380.