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Summary
• Price formed a bullish engulfing pattern near 0.1410 after a sharp pullback.
• RSI hit oversold territory early, rebounding with increasing volume.
• Volatility expanded during late-night trading, with Bollinger Bands widening.
• Binance and Bybit volume spikes coincided with key resistance tests.
•
Celo/Tether (CELOUSDT) opened at 0.1411 on 2026-01-17 at 12:00 ET, reached a high of 0.1453, touched a low of 0.1366, and closed at 0.1413 on 2026-01-18 at 12:00 ET. Total volume amounted to 2,859,994.9 and notional turnover reached 399,492.29 USD over 24 hours.
Structure & Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart remained above 0.1405 throughout the session, offering dynamic support. A bullish engulfing pattern emerged near 0.1410 on the 18:00 candle, suggesting short-term buying pressure. On a larger timeframe, the 50-period daily moving average currently sits at 0.1425, with price consolidating slightly below.
Momentum & Volatility
Relative Strength Index (RSI) dropped into oversold territory early in the session before a rebound. Momentum remained constructive during the morning hours but flattened out in the late afternoon. Bollinger Bands widened significantly between 00:30 and 04:30, reflecting heightened volatility during the bullish breakout.
Volume & Turnover
Volume surged during key price tests above 0.1427 and 0.1450, aligning with increased notional turnover. A divergence in volume and price emerged during the pullback to 0.1386, where volume was relatively low despite a sharp decline.

Fibonacci Retracements
Fibonacci retracements on the morning pullback identified key levels at 0.1400 (38.2%), 0.1393 (50%), and 0.1385 (61.8%) as potential support zones. Price found temporary support at the 50% level before bouncing toward the 38.2% level, suggesting a potential for further consolidation.
Forward-Looking Implications
With CELOUSDT consolidating above 0.1410 and bullish momentum intact, a retest of 0.1427 could follow, provided volume remains supportive. Traders should watch for a break above 0.1435 as a potential entry trigger. However, a retest of 0.1385 could threaten short-term gains if bearish volume follows.
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