Market Overview: Celer Network/Tether (CELRUSDT) – October 10, 2025

• Price surged to a 24-hour peak of $0.00908 before retracing, closing at $0.00832.
• Momentum accelerated during the midday ET push, followed by a pullback toward key support.
• Volatility expanded significantly, with volume peaking at $150 million during the rally.
• RSI showed overbought levels earlier, now indicating potential short-term correction.

Celer Network/Tether (CELRUSDT) opened at $0.00786 on October 9 at 12:00 ET and reached a high of $0.00908 before closing at $0.00832 on October 10 at 12:00 ET. The 24-hour trading period saw a total volume of 514,060,862 CELR and a notional turnover of $425.7 million, reflecting heightened activity during key price swings.

The structure of the 24-hour OHLCV data reveals a sharp bearish reversal after a strong midday bullish thrust. A large bullish candle on October 9 at 18:15 ET marked a breakout to $0.00908, followed by a bearish engulfing pattern beginning at 19:15 ET. The price then consolidated within a descending triangle and tested the $0.00832 level multiple times. Key support levels appear at $0.00825 and $0.0081, with resistance reemerging at $0.0085–$0.0086.

Moving averages on the 15-minute chart show the 20-period MA at $0.00829 and the 50-period MA at $0.00832, with the price oscillating around them. Daily MA levels are less defined due to the short timeframe, but the 50-period appears to be aligning with a recent swing high at $0.0085. The price remains above the 20-period MA, suggesting continued short-term bullish momentum may persist in the near term.

The RSI reached overbought territory at 73 earlier in the session, then declined sharply into neutral to slightly oversold levels, indicating a potential exhaustion in the rally and a possible consolidation phase. MACD showed a bullish divergence early in the day, with the histogram expanding during the rally and contracting during the pullback. Bollinger Bands reflected a sharp expansion during the bullish phase, with the price now retesting the lower band at $0.00825, signaling increased volatility and potential for a rebound.

The volume profile highlights a dramatic increase during the 18:15–19:15 ET period, with $150 million in turnover driving the $0.0085–$0.00908 move. However, volume has since tapered off, suggesting waning momentum in the bearish correction. Notional turnover and volume appear to align with price action, with no significant divergence observed at this time.

Fibonacci retracement levels on the 15-minute swing from $0.00784 to $0.00908 show the 61.8% level at $0.00856 and the 38.2% level at $0.00875, both of which the price tested during the consolidation phase. On the daily chart, the 61.8% retracement from the recent high of $0.00908 appears to align with the descending triangle’s lower boundary around $0.00832–$0.00825.

Backtest Hypothesis
The described strategy involves entering long positions on CELR/USDT when a bearish engulfing pattern forms after a sharp bullish move, with a stop-loss placed below the recent support at $0.00825 and a target near the 38.2% Fibonacci retracement at $0.00856. Given the recent price behavior—marked by a strong bearish engulfing pattern and a pullback to key support levels—this setup could offer a high-probability trade if the 61.8% retracement holds. A backtest over historical 15-minute data could validate the effectiveness of this pattern-based strategy in similar volatility conditions.