Market Overview: Celer Network/Tether (CELRUSDT) — 2025-09-25 12:00 ET

• CELR/USDT traded in a tight 0.0071–0.00725 range, with a 24-hour low of 0.0068 and a key support confirmed near 0.0069.
• Volume spiked 2.6x above average in the late hours of ET, with price failing to hold above 0.00705.
• RSI reached oversold levels below 30 near 0.0069, suggesting potential for a short-term rebound, but MACD remains bearish.
• Bollinger Bands show increasing contraction, hinting at a potential breakout in the next 24 hours.
• Fibonacci retracement levels at 0.00701 and 0.00712 acted as key resistance, with price consolidating below the 38.2% level.

The CELR/USDT pair opened at 0.00724 on 2025-09-24 12:00 ET and closed at 0.00694 on 2025-09-25 12:00 ET, reaching a high of 0.00724 and a low of 0.0068. Total volume across the 24-hour window was 23,918,101 CELR, with notional turnover of $172,693. Price action reveals a bearish consolidation phase, with key support near 0.0069 and resistance at 0.00705.

Over the last 24 hours,CELRS/USDT formed a bearish continuation pattern with multiple bearish engulfing candles in the 0.00705–0.00703 range. A doji appeared at 0.00699 during the early hours of 2025-09-25, suggesting indecision at critical support levels. Short-term resistance is identified at 0.00705, with 0.00712 and 0.00717 forming the 38.2% and 61.8% Fibonacci retracement levels of the most recent downswing. Support appears consolidated at 0.0069, where price has tested and rebounded twice in the last 15 minutes of ET.

Moving averages on the 15-minute chart show the 20-period line below the 50-period line in a bearish death cross formation. On the daily chart, the 50-period MA sits above the 100-period and 200-period MAs, indicating a medium-term bullish trend but a short-term bearish bias. This divergence between timeframes may continue to create volatility in the coming sessions. The 15-minute chart also shows Bollinger Bands tightening into a near-squeeze by 09:00–10:00 ET, suggesting a potential breakout is imminent.

The 14-period RSI reached 28 at 0.00695, signaling an oversold condition that may attract buyers, but MACD remains bearish with a negative histogram and a death cross in place. Volume and turnover diverged in the 18:00–00:00 ET timeframe, with turnover spiking while price remained range-bound. This divergence suggests increased interest in CELR but limited conviction in bullish sentiment. A rebound from 0.0069 is possible but likely to be short-lived without a clear breakout from the 0.00705–0.00712 range.

The price may test 0.0068 in the next 24 hours if short-term bearish momentum continues, but a rebound to 0.00705 appears more probable due to the RSI's oversold levels and Fibonacci support at 0.00701. Investors should closely watch the 0.00705–0.00712 range for potential breakout or breakdown confirmation. A breakout above 0.00705 could trigger a move toward 0.00725, while a breakdown below 0.0069 would likely test 0.0068 next.

Backtest Hypothesis

A potential backtesting strategy could leverage the observed Bollinger Band contraction and Fibonacci retracement levels to predict breakout trades. Specifically, a buy signal may be triggered when price closes above the 0.00705 level with volume above the 15-minute average, while a sell signal may be triggered on a close below 0.0069 with volume confirmation. These signals could be tested using a 20-period EMA crossover to filter false breakouts. The RSI's oversold condition at 28 could act as a confirmation filter for long entries, ensuring trades only open when both price and momentum align. Given the current setup, this strategy would focus on short-term volatility and mean reversion.