Market Overview for Celer Network/Tether (CELRUSDT): Bullish Momentum Amid Rising Volatility

• CELR/USDT rose 4.8% in 24 hours, surging from $0.00763 to $0.00802.
• Strong volume and price consolidation near $0.00807 suggests a developing short-term resistance.
• RSI surged above 60 mid-day, signaling rising momentum but not yet overbought levels.
• Volatility expanded mid-day, with Bollinger Bands widening as volume spiked over $8.6M.

Celer Network/Tether (CELRUSDT) opened at $0.00763 on 2025-09-17 at 12:00 ET and closed at $0.00802 on 2025-09-18 at the same time, with a high of $0.00815 and a low of $0.00760. Total volume for the 24-hour period was 129.8 million CELR, and total turnover reached $10.36 million, showing a surge in activity as the price rose.

The 15-minute chart reveals a strong bullish bias, with a consistent push toward $0.00807 and consolidation above earlier support at $0.00790. A notable bullish engulfing pattern formed at $0.00805, confirming the breakout from a key resistance zone. The 20-period EMA crossed above the 50-period EMA in the morning, signaling a short-term bullish crossover.

Key Resistance and Support Levels

Resistance is currently forming at $0.00807–0.00810, with a prior failed test at $0.00815 suggesting potential for a pullback. Strong support exists near $0.00790–0.00795, where buyers have shown strength multiple times over the past 24 hours. A doji formed at $0.00799, indicating indecision and potential reversal if the price retreats.

Volatility and Indicators

The Bollinger Bands expanded significantly as volume surged past $8.6 million, indicating rising volatility. Price action has remained above the 20-period EMA for most of the session, and the RSI crossed into overbought territory (above 60) during the late morning, suggesting a healthy bullish trend. MACD remains positive, with a strong histogram indicating sustained momentum.

The Fibonacci retracement levels from the $0.00760 to $0.00815 swing show key levels at $0.00786 (38.2%) and $0.00799 (61.8%), both of which have acted as critical support and resistance. A pullback to the 61.8% retracement appears likely as part of a healthy consolidation phase.

The price is likely to test $0.00810–0.00815 over the next 24 hours if buyers remain active. A break above $0.00815 could see a push toward $0.00820, while a drop below $0.00795 may trigger a retest of $0.00786. Traders should remain cautious of potential profit-taking near key resistance and monitor RSI for signs of overbought conditions.

Backtest Hypothesis

A viable short-term strategy for CELRUSDT could involve entering long positions on a bullish engulfing pattern confirmation above the 20-period EMA, with a stop-loss below the previous swing low and a take-profit at the nearest Fibonacci resistance. Given the recent strength in momentum and volume confirmation, this pattern appears to have high probability for success over the next few candles. Integrating this into a systematic backtest with a 15-minute timeframe could offer a robust way to filter high-probability entries in a bullish trend.