Market Overview for Celo/Tether (CELOUSDT): 24-Hour Breakdown

• Price rose from $0.2985 to $0.3216 over 24 hours, driven by strong buying pressure in late ET hours.
• High volatility seen in 15-minute bars, with a 6.4% swing from low to high.
• Volume spiked above 200k on 09/18 ET, confirming bullish momentum.
• RSI and MACD showed positive divergence, suggesting continued upward potential.
• Bollinger Bands widened, indicating increased market uncertainty and potential for more breakouts.

Celo/Tether (CELOUSDT) opened at $0.2985 on 2025-09-17 at 12:00 ET and closed at $0.3211 on 2025-09-18 at 12:00 ET, reaching a high of $0.3225 and a low of $0.2962 during the 24-hour window. Total volume traded stood at 1.57 million CELO, with notional turnover of $486,000, showing strong participation across all sessions.

Structure & Formations

The 15-minute OHLCV data revealed a series of bullish reversal patterns and strong trend continuation setups. A key bullish engulfing pattern occurred at $0.3002 (19:00 ET) after a consolidation phase, followed by a strong breakout above the $0.3100 level. A series of higher highs and higher lows formed a clear ascending channel from $0.3080 to $0.3216. A notable bearish divergence emerged briefly during the 21:00–22:00 ET window, but was quickly invalidated by renewed buying momentum. Key support levels include $0.3150 and $0.3080, while resistance levels at $0.3220 and $0.3250 appear to be in play as the trend continues.

Moving Averages

Short-term moving averages on the 15-minute chart (20/50-period) crossed into a bullish alignment during the morning hours, confirming the upward bias. The 50-period MA provided dynamic support during the 21:00–23:00 ET window, with price closing above the 50 MA in all major bull waves. For daily charters, the 50-period MA is currently below the 100 and 200-period lines, indicating that CELO is still consolidating within a broader bullish formation but may require a stronger breakout above $0.3250 to confirm a longer-term upturn.

MACD & RSI

The MACD histogram turned positive at 19:00 ET, with a bullish crossover at 20:00 ET. The indicator remained in positive territory for the next 6 hours, indicating strong momentum. RSI crossed into overbought territory at 20:15 ET (RSI: 68) and stayed above 60 for most of the evening, confirming the bullish sentiment. However, a brief pullback during the 23:30–00:00 ET window showed a minor correction, with RSI dropping to 58 before rebounding. This suggests a healthy balance between buying and selling pressure, with no signs of exhaustion on the bullish side.

Bollinger Bands

Volatility expanded significantly during the 20:00–22:00 ET window, with CELO pushing above the upper band at $0.3143. This breakout was accompanied by a sharp rise in volume and confirmed by a follow-through move to $0.3207. Price then consolidated within the bands for a few hours before breaking out again above the upper band. The widening of the bands suggests increased market participation and a potential continuation of the bullish trend. The 20-period Bollinger Bands currently show CELO trading near the upper band, suggesting caution around overbought conditions.

Volume & Turnover

Volume spiked at 06:45 ET (219,574 CELO) during a strong bullish reversal and remained above 100,000 CELO in several 15-minute intervals thereafter. The highest notional turnover occurred at 06:45 ET ($68,872), confirming the strength of the rally. A divergence between price and volume was observed briefly during the 23:30–00:00 ET window, with volume dipping despite a modest price increase. However, this was quickly followed by a strong volume surge, reaffirming the bullish narrative. Overall, the volume profile supports the continuation of the upward trend, with no bearish divergences to raise concern.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from $0.2962 to $0.3225, the 61.8% retracement level sits at $0.3074 and the 38.2% level at $0.3109. Price tested the 38.2% level during the 22:30–23:00 ET window before surging through to the 50% level at $0.3168. A minor pullback to the 61.8% level occurred during the 03:00–03:15 ET session, but buying pressure quickly overcame this level. The 78.6% retracement at $0.3200 appears to be the next key level to watch for a potential breakout or consolidation.

Backtest Hypothesis

The observed bullish engulfing patterns and consistent volume surges suggest a potential strategy based on 15-minute breakout entries above key support/resistance levels, such as $0.3100 and $0.3150. A backtesting strategy could use a simple breakout system where long positions are initiated when price closes above a 15-minute high with volume above average. A stop loss could be placed below the previous swing low, and take profit targets aligned with Fibonacci levels. Given the current RSI and MACD readings, this strategy could be optimized with a trailing stop to ride the momentum during strong bullish phases. The strategy would likely perform best in high-volatility environments like the ones observed during the 20:00–22:00 ET window.