Market Overview: Celer Network/Tether (CELRUSDT) 24-Hour Review

Summary
• Price formed a bullish engulfing pattern near $0.003489, suggesting short-term buying interest.
• RSI remained below 50, indicating moderate bearish momentum but no oversold conditions.
• Bollinger Bands widened after 20:00 ET, showing increased volatility and a potential continuation of trend.
• Volume and turnover increased in late ET hours, aligning with price highs.
• A 61.8% Fibonacci retracement level at $0.003567 appeared to cap the midday rally.

Celer Network/Tether (CELRUSDT) opened at $0.003576 on 2025-12-31 at 12:00 ET, reached a high of $0.003735, a low of $0.003489, and closed at $0.003774 on 2026-01-01 at 12:00 ET. Total volume was 28,555,554.6 and turnover was $102,099.14 over 24 hours.

Structure & Formations

Price action revealed a bullish engulfing pattern near the session low at $0.003489, signaling potential short-term accumulation. A 5-minute doji emerged around $0.003512, suggesting indecision. Key resistance levels formed at $0.003567 (61.8% Fib) and $0.003665 (daily close of prior day), while $0.003489 acted as a notable support. A bullish flag pattern developed from $0.003532 to $0.003682, with a potential target near $0.003725.

Moving Averages

On the 5-minute chart, the 20-period MA supported a gradual uptrend from $0.003526 to $0.003704, staying above the 50-period MA. On the daily chart, price closed above the 50-period MA but remained below the 200-period MA, indicating mixed signals between near-term optimism and longer-term caution.

Momentum Indicators

The 12/26 MACD crossed into positive territory after 19:00 ET, confirming strengthening bullish momentum. RSI hovered between 35 and 50 for most of the session, indicating moderate bearish pressure but without reaching oversold levels. A divergence in RSI and price was observed near $0.003682, suggesting potential consolidation ahead.

Volatility and Bollinger Bands

Bollinger Bands saw a notable contraction around $0.003551, followed by a widening trend after 20:00 ET, suggesting increasing volatility. Price remained above the 20-period MA and within the upper half of the bands for most of the session, implying a continuation of the upward bias.

Volume and Turnover

Volume increased significantly from 19:00 to 02:00 ET, aligning with the price move toward $0.003774. Turnover surged in the late ET session, confirming the strength of the rally. A divergence appeared between the last two hours of trading, where volume decreased slightly despite rising prices, suggesting possible exhaustion.

Forward Outlook and Risk

Price could test the $0.003785–$0.003800 level in the next 24 hours, where recent resistance and Fibonacci levels converge. Traders should monitor the 20-period MA and RSI levels to detect any signs of momentum exhaustion or pullbacks. A break below $0.003700 could reignite bearish sentiment, especially if volume fails to confirm further gains.