Market Overview for Celer Network/Tether (CELRUSDT) – 2025-09-22

• Price declined sharply overnight, with CELRUSDT hitting a 24-hour low of $0.00703 after a bearish breakdown.
• RSI and MACD indicate bearish momentum, with price below key moving averages and volatility expanding.
• Volume spiked during the selloff but turnover diverged, signaling potential exhaustion or uncertainty in the short term.
• Bollinger Bands show increased width, and price remains below the 20-period SMA, reinforcing bearish bias.
• A key support at $0.00703 may be tested in the next 24 hours, with resistance likely at $0.00712–$0.00716.

Celer Network/Tether (CELRUSDT) opened at $0.00811 on 2025-09-21 12:00 ET, peaked at $0.00822, and bottomed at $0.00703 during the 24-hour period, closing at $0.00705 by 12:00 ET on 2025-09-22. Total volume reached 119,069,110 CELR, while notional turnover hit approximately $818,556. The pair exhibited a strong bearish bias, with declining prices and divergences in key indicators.

Structure & Formations

CELRUSDT broke below a prior support level at $0.00711, confirming a bearish structure. A bearish engulfing pattern was evident in the candle leading to the 19:15 ET session (UTC+0), marking a potential reversal from a brief bounce. The price then continued its downtrend, forming a series of lower highs and lower lows. A key support level appears at $0.00703–$0.00706, which may act as a critical area to watch for a potential rebound or breakdown.

Moving Averages

On the 15-minute chart, price remains below the 20-period and 50-period moving averages, reinforcing the bearish sentiment. Daily moving averages (50/100/200) have not been provided in the dataset, but based on the 24-hour low, it is probable that price is trading below all three. This indicates a prolonged downtrend and suggests further bearish momentum may persist unless a strong reversal is triggered.

MACD & RSI

The MACD remains in negative territory, with the signal line also below zero, showing bearish momentum. RSI has dipped below 30 in the final hours of the period, indicating overbought conditions may be resolving into oversold territory. This could imply that the selling pressure is exhausting, but a close above $0.00712–$0.00716 may be required for a meaningful reversal.

Bollinger Bands

Bollinger Bands have widened significantly during the selloff, reflecting increased volatility. The price has remained below the lower band for most of the session, particularly after the breakdown at $0.00711. This suggests a continuation of the bearish trend unless a strong rebound pushes the price back within the band range.

Volume & Turnover

Volume spiked during the selloff at 06:15–06:30 ET, coinciding with the breakdown below key support. However, notional turnover did not follow suit proportionally, indicating a divergence. This may point to either short-term exhaustion or potential accumulation at the lower levels. Traders should closely monitor volume patterns as confirmation or divergence tools for the next 24 hours.

Fibonacci Retracements

Fibonacci retracements drawn from the recent 15-minute swing high of $0.00822 to the swing low of $0.00703 show the price currently testing the 61.8% level at $0.00747. A failure to hold above this level could see a retest of the 78.6% area at $0.00723 and potentially the 100% extension at $0.00703. Conversely, a reversal above 61.8% may trigger a short-term bounce.

Looking ahead, CELRUSDT appears to be in a bearish phase with key support at $0.00703–$0.00706. While the RSI suggests oversold conditions, a convincing reversal may require both volume confirmation and a break above $0.00712. Investors should be cautious of further downside risks if the price fails to stabilize near the 61.8% Fib level. Strong bearish continuation is possible, but traders are advised to watch for divergences and volume signals for early warning signs of a reversal.

Backtest Hypothesis

The backtesting strategy outlined involves entering a short position when the price breaks below a key support level confirmed by a bearish engulfing candle, with a stop-loss above the recent swing high and a take-profit at the 61.8% Fibonacci level. This aligns well with the observed 19:15 ET engulfing pattern and the subsequent breakdown to $0.00703. The strategy would have yielded a successful short trade in the past 24 hours, with the 61.8% Fib level acting as a potential exit point. If this pattern repeats, the same entry rule may be applied for future opportunities.