Market Overview for Celer Network/Tether (CELRUSDT)

• CELRUSDT declines over 24 hours, closing near session lows amid bearish momentum.
• Key support levels tested below 0.005600 with potential for further downside.
• Volume surges during early sell-off but diminishes in the latter half of the session.
• RSI enters oversold territory, suggesting potential for a short-term bounce.
• Bollinger Bands show tightening volatility, signaling a possible breakout or reversal.

Celer Network/Tether (CELRUSDT) opened at $0.005893 on 2025-10-21 at 12:00 ET and closed at $0.005539 on 2025-10-22 at 12:00 ET. The pair reached a high of $0.005958 and a low of $0.005453 over the 24-hour period. Total volume amounted to ~20.8 million CELR, while notional turnover hit ~$118,000.

Structure & Formations

The 15-minute chart shows a clear bearish bias as the price forms a descending triangle pattern, with resistance at ~0.005950 and support at ~0.005500. A bearish engulfing pattern emerges at 18:00 ET, confirming downward momentum. The price appears to be consolidating near key support at 0.005550 after an aggressive sell-off from earlier in the session. A breakdown below 0.005500 could signal further weakness.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with the price trading significantly below both. For daily analysis, the 50/100/200 MA lines are in a steep downtrend, reinforcing the medium-term bearish outlook. The price remains well below all major moving averages, indicating a strong bearish bias.

MACD & RSI

The MACD line remains below the signal line with a wide negative histogram, indicating sustained bearish momentum. RSI has dipped into oversold territory (~35), suggesting the pair may be due for a short-term bounce. However, RSI failing to rise above 50 could reaffirm the downtrend. Both indicators are consistent with a continuation pattern, though a reversal signal would require a strong bullish breakout.

Bollinger Bands

Bollinger Bands show a moderate contraction in the latter half of the 24-hour window, with price activity narrowing around the middle band. This tightening volatility could precede a directional breakout. At the time of close, the price is hovering near the lower band at ~0.005539, suggesting the pair could remain volatile in the near term.

Volume & Turnover

Volume peaks during the early part of the session as the price plunges from 0.005950 to 0.005600, then gradually tapers off. Turnover aligns with volume, showing the most aggressive sell-off between 16:00 and 21:00 ET. However, reduced volume during consolidation phases suggests weakening conviction. Price and turnover appear to diverge slightly in the final hours, with a modest rebound in price but no corresponding volume spike.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from 0.005950 to 0.005453, the 61.8% retracement level sits at ~0.005670, which may offer a potential short-term resistance. The 38.2% level (~0.005730) appears to have been rejected earlier in the session. On the daily chart, the 61.8% retracement of a broader bearish wave lies near 0.005500, which could either act as support or signal a breakdown.

Backtest Hypothesis

Given the bearish momentum and overbought conditions observed in this 24-hour window, a potential “buy on confirmation” strategy could be designed with a time-based exit rule for testing. For example, a short trade could be triggered at a confirmed breakdown below 0.005500 with a 5-day holding period. Alternatively, a price-based stop-loss at 5% above entry or a take-profit at 10% below entry could be used to quantify risk and reward. The MACD divergence and RSI oversold reading may also serve as confirmation signals for such an exit. To proceed with a full backtest, specify your preferred exit logic (e.g., 5-day hold, 5% stop-loss, 10% take-profit).