Market Overview: Celer Network/Tether USDt (CELRUSDT) – 24-Hour Breakdown

• Price surged from $0.00754 to $0.00769 before consolidating near $0.00758
• Strong volume expansion during the bullish breakout from 19:00–20:30 ET
• RSI showed overbought conditions late in the session, followed by a pullback
• Bollinger Bands signaled rising volatility during the breakout, now contracting
• Recent candlestick formations suggest bearish indecision in the near term

Celer Network/Tether USDt (CELRUSDT) opened at $0.00754 on 2025-09-05 12:00 ET, surged to a high of $0.00769, and closed at $0.00758 on 2025-09-06 12:00 ET, with a low of $0.00751. Total trading volume reached 146,490,825.9 CELR, while notional turnover amounted to $1,109,558.

Structure & Formations

A bullish breakout occurred between 19:00 and 20:15 ET, with CELRUSDT breaking above $0.00764 on strong volume. The formation resembles an advancing bullish flag pattern, with subsequent pullbacks forming a bearish continuation. Key resistance is seen at $0.00769 and $0.0077, while support levels sit at $0.00765 and $0.00761. A doji formed near $0.00764 around 23:45 ET, indicating indecision and the potential for a reversal.

Moving Averages

Short-term momentum, as captured by the 20-period and 50-period moving averages on the 15-minute chart, shifted upward during the breakout phase, reinforcing the bullish move. However, the 50-period MA has since flattened, suggesting weakening momentum. On the daily chart, the price closed above the 50-period MA but remains below the 200-period MA, indicating a mixed signal with potential for continued consolidation.

MACD & RSI

The MACD crossed above the signal line and showed a sharp positive divergence during the breakout, confirming bullish momentum. RSI hit overbought territory (above 70) near the high of $0.00769 but has since pulled back below 60, suggesting potential bearish exhaustion. A bearish divergence may be forming on RSI if the price fails to retest the $0.00765 level in the next 24 hours.

Bollinger Bands

Volatility spiked during the breakout, with prices breaching the upper Bollinger Band. Since then, volatility has contracted, and prices are trading within a tighter range between the bands. This suggests a period of consolidation may be forming, with the potential for a follow-through move if a breakout reoccurs.

Volume & Turnover

Volume surged during the breakout, particularly between 19:00 and 20:15 ET, confirming the strength of the move. However, volume has since cooled, and price action suggests a lack of follow-through buying pressure. Notional turnover also peaked during the breakout before declining, indicating that the rally may be losing steam unless a fresh catalyst emerges.

Fibonacci Retracements

Key Fibonacci levels from the recent bullish swing show 0.382 at $0.00763 and 0.618 at $0.00759. CELRUSDT has consolidated near the 0.618 retracement level, suggesting potential resistance ahead. If the price breaks above $0.00769, the next target would be $0.00774, with a stop-loss likely below $0.00759.

Backtest Hypothesis

The proposed backtesting strategy involves entering long positions when the 20-period MA crosses above the 50-period MA, confirmed by a bullish candlestick pattern and rising volume. A stop-loss is placed below the 10-period low of the breakout candle, and the target is set at the 0.382 or 0.618 Fibonacci level. In the case of CELRUSDT, the breakout and pattern align with the strategy, and the 20/50 crossover occurred during the bullish phase. This approach could be effective for traders seeking to capitalize on short-term momentum, provided volume and candlestick patterns confirm the setup. The recent pullback may offer a second entry point if the pattern repeats.