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Summary
• Price fell sharply from 0.00433 to 0.0041 after an early morning dip.
• Volume surged during the downturn, suggesting bearish momentum.
• A bearish engulfing pattern formed at 0.004305–0.004222.
• RSI hit oversold territory near 0.004105, indicating potential bounce.
• Bollinger Bands show volatility expansion as price nears the lower band.
Celer Network/Tether (CELRUSDT) opened at 0.004302 on 2026-01-08 12:00 ET, peaked at 0.004356, and closed at 0.004250 on 2026-01-09 12:00 ET. The 24-hour volume totaled 41,458,740.7 CE, with a notional turnover of 178,656.93 USDT.
Structure and Candlestick Patterns
The session featured a sharp bearish shift after 1:45 AM ET, with a large bearish engulfing pattern forming around 0.004305–0.004222. This signaled strong bearish sentiment and a rejection of earlier bullish attempts. The price action appears to be consolidating near the lower Bollinger Band, suggesting high volatility. Key support levels to watch include 0.00415 and 0.00410, while resistance is seen at 0.00423 and 0.00427.
Technical Indicators
MACD lines showed bearish crossover as momentum shifted lower, with the histogram contracting after the morning dip. RSI hit oversold levels near 0.004105, hinting at a possible bounce, but only if buyers step in.

Volatility and Volume Dynamics
Volatility spiked after 1:45 AM ET as the price broke down past 0.00429, with volume surging on the breakdown. Notional turnover increased sharply during the selloff, indicating conviction in the bearish move. However, the volume began to taper as price neared 0.00415, suggesting some exhaustion.
Key Levels and Fibonacci Retracements
The 5-minute retracements show 0.00410 as a 61.8% level, while 0.00423 is a 38.2% retrace from the earlier high. The daily chart’s 200-period EMA sits at 0.00431, providing a potential ceiling for short-term rallies. A break below 0.00410 would target 0.00405 on the 50-period daily MA.
The path forward may hinge on whether buyers defend 0.00415 or if bears continue to press lower. A short-term rally into 0.00423 could test conviction, but the RSI and volume suggest that further consolidation to the downside is likely. Investors should watch for any divergence in volume during the next 24 hours as a signal of potential reversal or continuation.
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