Market Overview for Celo/Tether (CELOUSDT) on 2025-12-16

Summary
• Celo/Tether (CELOUSDT) formed a bullish reversal pattern near $0.1288–0.1296 late in the 24-hour window.
• Momentum shifted with RSI crossing above 50 and MACD showing positive divergence.
• Volatility expanded as Bollinger Bands widened, with price consolidating near the upper band.
• Volume surged 3.5x in the final 4 hours, confirming bullish momentum.
• Key support at $0.1279 and resistance at $0.1323–0.1330 defined recent price action.

At 12:00 ET on 2025-12-16, Celo/Tether (CELOUSDT) opened at $0.1326, hit a high of $0.1378, a low of $0.1281, and closed at $0.1370. Total 24-hour volume was 5.3 million CELO, and notional turnover reached $737,256.

Structure & Formations

Price formed a bullish engulfing pattern between 04:45 and 05:00 ET, followed by a strong green candle at 05:15 ET, confirming breakout above prior resistance at $0.1312–0.1319. A key support level emerged at $0.1279 after a 5-minute bearish rejection.

Moving Averages and Momentum

On the 5-minute chart, price closed above the 20-period and 50-period SMAs, showing bullish momentum. The 50-period SMA crossed above the 100-period SMA on the daily chart, reinforcing the medium-term uptrend. RSI rose above 50, indicating renewed buying pressure, while MACD showed a positive crossover with a rising histogram.

Volatility and Volume

Volatility increased as Bollinger Bands widened, with the price consolidating near the upper band in the final hours. Volume surged in the 14:45–17:00 ET window, particularly during the rally toward $0.1378, confirming strength in the rally.

Key Levels and Retracements

Fibonacci retracement levels on the recent $0.1281 to $0.1378 rally suggest key resistance at 61.8% (~$0.1355) and 78.6% (~$0.1373), aligning with the 15:15–15:45 ET high.

Looking ahead, CELOUSDT appears poised to test $0.1378–0.1380 for a potential breakout. A close above this level could trigger a retest of the 50-period daily SMA at ~$0.1385. However, a reversal below $0.1355 could reintroduce bearish pressure and retest $0.1323 as support. Investors should monitor order flow and divergence in RSI for early signs of a reversal.