Market Overview for Celer Network/Tether

Summary
• Price rose from 0.003755 to 0.004018, forming a bullish engulfing pattern near 0.0040.
• RSI hit 68, indicating overbought conditions, while MACD crossed above zero with rising momentum.
• Volume surged in the late 24 hours, confirming strength around key resistance levels.
• Price remains above 20- and 50-period moving averages, suggesting short-term bullish bias.
• Bollinger Bands widened after a period of contraction, signaling increased volatility.

Market Overview

Celer Network/Tether (CELRUSDT) opened at 0.003755 on 2026-01-01 12:00 ET, reached a high of 0.004018, and closed at 0.003998 on 2026-01-02 12:00 ET, with a low of 0.003745. Total volume for the 24-hour period was 55,072,753.54 units, with a notional turnover of $215,506.30.

Structure & Formations

Price action shows a strong bullish bias following a clear upward trend and a bullish engulfing pattern at the high of 0.004018. Key support levels appear to be around 0.00395 and 0.00390, while resistance is forming at 0.00405 and 0.00410. A doji formed briefly near 0.003911, suggesting indecision but was quickly absorbed by the upward momentum.

Moving Averages

On the 5-minute chart, the price remains above both the 20-period and 50-period moving averages, reinforcing the bullish signal. On the daily timeframe, the 50-period MA is also above the 100-period and 200-period lines, suggesting a potential continuation of the uptrend.

MACD & RSI

MACD crossed above the zero line with rising histogram bars, indicating strong momentum. RSI reached 68, approaching overbought territory, but has not shown signs of reversing. Traders may watch for a pullback to 55–60 as a potential buying opportunity.

Bollinger Bands

Bollinger Bands expanded significantly in the last 6 hours of trading after a period of tight consolidation, suggesting increased volatility. Price closed near the upper band, indicating strength in the current move.

Volume & Turnover

Volume and turnover increased substantially in the final hours of the 24-hour period, especially around key resistance levels. This confirms institutional participation and suggests the move above 0.0040 may be more than a short-lived rally.

Fibonacci Retracements

Fibonacci levels on the 5-minute chart show the price currently resting near 61.8% of the recent swing, which often acts as a psychological level for either consolidation or continuation. On the daily chart, the 38.2% and 61.8% levels have been tested multiple times and may offer further resistance ahead.

Celer Network/Tether appears poised to test key resistance above 0.00405 in the next 24 hours. While momentum indicators remain supportive, a pullback into the 0.00395–0.00398 range could offer a better risk-reward entry. Investors should monitor for signs of overbought divergence in RSI or a breakdown below 0.00390 as potential risk factors.