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

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Dec 10, 2025 4:00 pm ET1min read
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CELO
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- CELOUSDT formed a bearish engulfing pattern near 0.179, confirming a downward trend with a 12.5% price drop.

- Volume surged 146% and turnover rose 38% during 20:00–05:00 ET, aligning with bearish momentum below key 0.173 support.

- RSI hit oversold levels below 30 at 0.1707, suggesting potential short-term bounce but lacking bullish divergence confirmation.

- Price closed near 24-hour low at 0.1712, with Bollinger Bands tightening and MACD showing negative crossover, reinforcing bearish bias.

Summary
• Price formed a bearish engulfing pattern near 0.179, confirming a potential breakdown.
• Volatility expanded after 20:00 ET, with volume increasing by 146% and turnover surging 38%.
• RSI reached oversold territory below 30 at 0.1707, signaling potential for a short-term rebound.
• CELOUSDT closed near a 24-hour low, below key 0.173 support with no immediate bullish reversal signs.

Celo/Tether (CELOUSDT) opened at 0.1784 on 2025-12-09 12:00 ET, hit a high of 0.1794, and closed at 0.1712 on 2025-12-10 12:00 ET, with a low of 0.1683. Total volume reached 8,460,784.5 and turnover amounted to 1,437.47.

Structure & Formations


A bearish engulfing pattern formed near 0.179 as price closed below its 0.1785 open, signaling a likely continuation of the downward trend. Price tested 0.173 twice before breaking to a new 24-hour low, reinforcing bearish momentum. A small doji at 0.1707 may indicate a short-term exhaustion of downward pressure.

Moving Averages


On the 5-minute chart, CELOUSDT closed below both the 20-EMA and 50-EMA, reinforcing the bearish bias. Daily moving averages (50/100/200) were not calculated here due to limited daily data, but the 24-hour close near the session low suggests alignment with the bearish structure.

MACD & RSI


MACD turned bearish with a negative crossover and declining histogram. RSI dipped below 30 at 0.1707, indicating oversold conditions. While this may trigger short-term bounce, it lacks confirmation from bullish divergences or volume surges.

Bollinger Bands


Price moved closer to the lower band during the session, especially between 20:00 ET and 05:00 ET, as volatility increased. A contraction earlier in the session (17:00–19:00 ET) failed to produce a breakout.

Volume & Turnover


Volume spiked by 146% during the 20:00–05:00 ET window, coinciding with a 12.5% price drop. Turnover confirmed this with a 38% increase, supporting the bearish breakdown. Divergences between volume and price were not observed, suggesting price action and volume aligned.

Fibonacci Retracements


The 61.8% retracement level of the key 0.1794 to 0.1707 move sits at 0.173, which was tested twice before the breakdown. A retest of this level may offer a potential buying opportunity but risks further sell-offs if rejected.

Celo/Tether appears to be in a strong bearish phase, with no immediate reversal signs. Traders should closely monitor volume at 0.170–0.173 and watch for any divergence in the next 24 hours. Risk remains on the downside if support at 0.1683 breaks.