Market Overview for Celo/Tether (CELOUSDT)

Summary
• Price formed a bullish engulfing pattern following a 5-minute low near $0.1672.
• Volatility expanded after 18:30 ET, with a 2.1% high-to-low swing and increased volume.
• RSI remains in neutral territory at 52, suggesting balanced momentum.
• Price retested the 0.1695–0.1705 consolidation range, with mixed candlestick close-to-open positioning.
• Bollinger Bands show moderate contraction in the final 6 hours, signaling a potential breakout attempt.

Celo/Tether (CELOUSDT) opened at $0.1678 at 12:00 ET–1, reached a high of $0.1746, and settled at $0.1707 as of 12:00 ET on December 8, 2025. The pair traded between $0.1672 and $0.1746 with a total volume of 2.65 million and a notional turnover of approximately $448,000.

Structure & Formations

The 5-minute chart showed a strong bullish engulfing pattern at $0.1686–0.1707 after a bearish session low at $0.1672. A key support zone between $0.1695 and $0.1705 has acted as a floor twice in the last 24 hours, with mixed close-to-open readings suggesting indecision among traders.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early afternoon session, forming a bullish crossover. Daily moving averages remain in a bearish alignment, with the 50-period MA above the 100 and 200-period MAs.

MACD & RSI

The MACD showed a positive crossover at midday, followed by a pullback that suggests short-term momentum may be stabilizing. RSI remains in the 50–55 range, indicating balanced but not aggressive momentum.

Bollinger Bands

Volatility expanded sharply after 18:30 ET with a 2.1% swing, but in the last 6 hours, the bands have shown a moderate contraction, suggesting a potential breakout attempt around $0.1705–0.1725.

Volume & Turnover

Volume increased significantly after 18:30 ET with a large candle at $0.1707–0.1734 confirming the move up. Turnover peaked at around $80,000 during the breakout attempt, showing strong participation from mid-cap traders.

Fibonacci Retracements

Key Fibonacci levels on the 5-minute move from $0.1672 to $0.1746 include 0.382 at $0.1715 and 0.618 at $0.1730. Price has tested these levels multiple times, with a possible retest of the 0.382 level near $0.1715 in the next 24 hours.

Price may attempt to break out of the $0.1695–0.1705 consolidation range, supported by a bullish engulfing pattern and a MACD crossover. However, traders should remain cautious, as volume remains mixed and RSI shows no signs of aggressive momentum.