Market Overview for Celer Network/Tether (CELRUSDT): 24-Hour Volatility and Breakout

• Price rose 3.2% on the day with a strong bullish bias in the morning session.
• High volatility emerged post-17:15 ET with a sharp rally to 0.00715.
• Volume surged 48x in one 15-min candle at 17:15 ET, confirming strong demand.
• RSI entered overbought territory mid-session, suggesting potential near-term pullback.
• Bollinger Bands expanded during the rally, indicating increased market uncertainty.

Celer Network/Tether (CELRUSDT) opened at 0.00689 on 2025-09-26 at 12:00 ET and closed at 0.00721 the following day, with an intraday high of 0.00727 and low of 0.00689. The total traded volume reached 47.1 million CELR, with a notional turnover of $335,168. Price action was characterized by a late afternoon breakout and a sustained rally into the early hours of the following day.

Structurally, the pair formed a bullish engulfing pattern at 17:15 ET (0.00696 open → 0.00702 close) followed by a continuation of the uptrend. A key support level appears to be forming around 0.0069–0.0070, where the price tested twice before breaking higher. Resistance is now likely at the 0.00721–0.00727 range, with a potential 0.0073–0.0074 upper bound. A doji at 09:15 ET on the 27th may indicate indecision as the rally matures.

The 20-period and 50-period moving averages (15-min chart) have both trended upward, with price trading above both, reinforcing the bullish bias. The MACD showed a strong positive divergence with rising histogram bars during the breakout. RSI reached 68–70 in the afternoon, indicating overbought conditions, while Bollinger Bands expanded significantly during the 17:15 ET–01:15 ET period, confirming heightened volatility.

Volume spiked sharply during the breakout candle at 17:15 ET, with 14.6 million CELR traded—accounting for 31% of the 24-hour volume. This spike was followed by a 40% drop in volume during the next few candles, suggesting some consolidation. Turnover also mirrored the pattern, with $44,500 traded in that candle. Notably, the price and turnover trend aligned, offering confirmation of the breakout’s strength.

Backtest Hypothesis
The described strategy leverages breakout confirmation via engulfing patterns and volume surges. A backtest could target entries at the close of the engulfing candle (17:15 ET), with a stop loss below the 0.0069–0.0070 support zone and a take-profit level at the 0.00721–0.00727 resistance. The large volume spike and RSI divergence suggest high probability of continuation for the first 4–6 hours post-breakout. Trailing stops could be employed as the price moves higher. Given the structure and volume, this setup may work well for short-to-medium-term traders who seek high-reward setups with clear technical triggers and risk control.