Market Overview: Celer Network/Tether (CELRUSDT) – October 4, 2025

• Price declined 9.8% over 24 hours, hitting a low of $0.0077 at 15:30 ET.
• RSI(14) fell below 30, suggesting oversold conditions, but price failed to rebound.
• Volume increased during the down leg, indicating bearish conviction.
• A bearish engulfing pattern formed near the peak at $0.00807.
• Bollinger Bands tightened before the drop, hinting at a breakout.

Celer Network/Tether (CELRUSDT) opened at $0.00807 on October 3 at 12:00 ET, reached a high of $0.00808, and closed at $0.00772 on October 4 at 12:00 ET, with a low of $0.0076. Total volume for the 24-hour period was 85,338,477 CELR, and total turnover reached $675,833.

Structure & Formations

The 24-hour chart shows a clear bearish bias, with price forming a descending wedge from $0.00808 to $0.0077. A bearish engulfing pattern formed on the candle closing at $0.00796, confirming a shift in momentum. A potential support zone emerged at $0.0077–$0.00775, where the price found a floor after the sharp decline. A doji formed on the candle at $0.00777, signaling indecision near the recent low.

Moving Averages

On the 15-minute chart, price fell below both the 20-EMA and 50-EMA, reinforcing the bearish bias. The 50-EMA sits at $0.00786, while the 20-EMA is at $0.00792. On the daily chart, the 50-DMA is at $0.00795, and the 200-DMA is at $0.00801, both of which are now above the current price.

MACD & RSI

The MACD line turned negative mid-session, with a bearish crossover confirmed as the signal line crossed above it, indicating weakening momentum. The RSI(14) has declined into the oversold territory, hitting 29.5 at the 24-hour low. While this suggests a possible rebound, the absence of a strong bullish reversal pattern implies further consolidation or decline is likely.

Bollinger Bands

Volatility expanded as price dropped, with the bands widening after a period of contraction. Price closed just inside the lower band, confirming bearish pressure. A reversal near the lower band may be more likely with increased volume and a strong bullish reversal pattern, but for now, the lower bound remains a key area to watch.

Volume & Turnover

Volume surged during the decline, particularly between 15:00–19:00 ET, confirming bearish conviction. Notional turnover also spiked during this time, aligning with the price action. A divergence between volume and price near the 24-hour high suggests bears took control after a false breakout attempt.

Fibonacci Retracements

Applying Fibonacci levels to the $0.0077 to $0.00808 swing, the 38.2% level is at $0.00786, and the 61.8% level is at $0.00797. The 50% retracement level is at $0.00790. Price is currently below the 61.8% level, suggesting that a rebound may test these levels in the next 24 hours, especially if bulls regain control near $0.0077.

Backtest Hypothesis

The backtesting strategy described focuses on detecting bearish engulfing patterns followed by a break of the lower wick on increased volume. Given today’s formation near $0.00796 and the subsequent drop, this strategy would have generated a sell signal. The key components—candlestick pattern, volume confirmation, and price action—were all present, supporting the validity of the approach. A stop-loss could have been placed above the high of the engulfing candle, and a target would have been set at the next support level below $0.0078. This strategy appears to align with today’s price behavior, indicating that it could be effective in capturing short-term bearish momentum in volatile markets like CELR/USDT.