Market Overview for Celer Network/Tether (CELRUSDT) on 2025-10-07

• Price dropped sharply after reaching 0.0079 before stabilizing near 0.00775.
• Strong volume expansion observed during the downward move, signaling potential bearish momentum.
• RSI and MACD show oversold conditions, suggesting a short-term rebound could be in play.
• Price remains below key 50-period MA, pointing to bearish bias.
• Fibonacci retracements indicate potential support at 0.00761–0.00757.

The 24-hour period for CELRUSDT saw a strong bearish move from a high of 0.0079 to a low of 0.00742, with a closing price of 0.00744 at 12:00 ET. The total traded volume was approximately 155,687,359.5 CELR, and notional turnover stood at roughly $1,159,343.88 USD. The price structure shows a clear breakdown after a prolonged consolidation phase.

Structure & Formations

The candlestick structure shows a sharp bearish breakdown, with a bearish engulfing pattern developing around 2025-10-07 14:45, followed by a long bearish tail and a series of bearish confirmation candles. A key support level appears to have formed at 0.00757, with additional support likely at 0.00742–0.00739. Resistance levels above 0.00763 are now likely to face immediate rejection should a short-term bounce occur. A doji at 0.00757 suggests a potential short-term pause in the downtrend.

Moving Averages

On the 15-minute chart, price closed below both the 20- and 50-period moving averages, reinforcing the bearish bias. On a broader scale, the 50-period daily moving average is now a key resistance level. Price remains well below both 100- and 200-day moving averages, indicating a stronger bearish alignment in the medium to longer term.

MACD & RSI

The MACD has crossed below the signal line with a widening bearish divergence, reflecting increased selling pressure. RSI has entered oversold territory at 23, indicating that a temporary bounce could be on the cards. However, RSI remains below 30, and further bearish momentum appears to dominate unless a strong volume surge occurs.

Bollinger Bands

Volatility has expanded significantly in the latter half of the day, with price moving near the lower band of the Bollinger Bands at 0.00742–0.00739. This suggests a high degree of bearish pressure. If price continues to move below this range, a breakdown into a new swing low could follow.

Volume & Turnover

Volume increased sharply during the bearish move, with a large volume spike at 0.00757–0.00742 aligning with the breakdown. Notional turnover also spiked during this phase, confirming the bearish momentum. A divergence appears in the final hour of the 24-hour period as volume decreases slightly, suggesting potential exhaustion at the lower end.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.00783 to 0.00766, key retracement levels lie at 0.00775 (61.8%) and 0.00778 (50%), which could act as short-term resistance if price bounces. On the daily chart, the 61.8% retracement of the larger move from 0.0079 to 0.00742 is at 0.00765, which could also act as a support/resistance pivot point.

Backtest Hypothesis

A backtest hypothesis could be constructed by combining the oversold RSI condition with a volume confirmation trigger. A long entry could be initiated when RSI crosses above 30 while volume increases, suggesting a potential short-term reversal. A stop-loss could be placed at the recent low (0.00742), with a take-profit target at 0.00765 (Fibonacci 61.8%). This approach would aim to capture a mean-reversion move within a volatile downtrend while managing risk through defined stops.