Market Overview for Celer Network/Tether (CELRUSDT)

Summary
• Price surged from $0.00399 to $0.00414 before consolidating near $0.00411.
• Volume spiked during bullish phases, confirming upward momentum.
• RSI reached 60–65, indicating growing but not extreme momentum.
• Bollinger Bands widened in early session, then contracted in late afternoon.
• Key support identified at $0.00395–0.00400 after recent pullback.

Celer Network/Tether (CELRUSDT) opened at $0.00399, hit $0.004149, and closed at $0.004112 by 12:00 ET. The 24-hour volume was approximately 32.1 million CELR, with a notional turnover of $13.1 million.

Structure & Formations

The price surged in late morning, forming a strong bullish continuation pattern.

A key resistance appears at $0.00414, where price tested twice before consolidating. In the afternoon, a sharp decline suggested a potential bearish divergence, though volume remained firm. A significant support zone formed between $0.00395 and $0.00400 after a final sell-off near the close.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs showed a bullish crossover during the morning rally, reinforcing upward bias. On the daily chart, price closed above the 200-period SMA, suggesting a longer-term structural uptrend may still be intact.

MACD & RSI

The 5-minute MACD showed positive momentum during the morning rally, with a minor bearish divergence appearing in late afternoon. The RSI climbed to 65 in mid-day, indicating healthy momentum without overbought conditions. A pullback in the RSI during the afternoon signaled caution and may indicate a potential short-term consolidation phase.

Bollinger Bands

Volatility expanded significantly during the morning surge, with price trading near the upper band. In the afternoon, volatility compressed, and price settled closer to the midline, suggesting a potential pause in directional movement. This could imply a shift to range-bound behavior or a consolidation before the next breakout.

Volume & Turnover

Volume and turnover rose in tandem with the morning rally, confirming the strength of the bullish move. However, during the afternoon pullback, volume only slightly increased, suggesting the bearish pressure was relatively modest. This divergence may indicate that sellers are losing momentum, supporting a potential rebound.

Fibonacci Retracements

Fibonacci levels on the recent 5-minute upswing highlighted $0.00413 and $0.00417 as critical retracement levels. Price found initial support at 61.8% (around $0.00409) during the late afternoon pullback, suggesting short-term buyers are still active. Longer-term Fibonacci levels on the daily chart indicate further support at $0.00390 and resistance at $0.00427.

Forward-looking insight, the market appears to be in a consolidation phase following a strong bullish move, with key support near $0.00400 to watch. Traders should remain cautious of thin volume during pullbacks, as it may lead to abrupt reversals.