Summary
•
tested key support at 0.1250 before rebounding with bullish momentum.
• Volatility expanded during the 21:00–03:00 ET period, with volume spiking above 370k.
• RSI remains neutral at ~48, with no overbought or oversold signals detected.
• Price remains above the 50-period moving average, suggesting short-term bullish bias.
• 61.8% Fibonacci retracement at 0.1280 appears to coincide with a key confluence area.
At 12:00 ET on 2026-01-07, Celo/Tether (CELOUSDT) opened at 0.1279, reached a high of 0.1327, traded as low as 0.1249, and closed at 0.1305. Total 24-hour volume was 5,840,204.6 with a turnover of 741,095.32 USDT.
Structure & Formations
Price encountered strong support at 0.1250 during the early ET hours, which held across several 5-minute bars. A bearish breakdown from the 0.1310 level failed to gain traction, with a bullish engulfing pattern forming around 0.1295. The price has since consolidated between 0.1270 and 0.1320.
Moving Averages
On the 5-minute chart, price has remained above the 50-period moving average for most of the session, suggesting short-term bullish momentum. Daily timeframe averages are not available in the 5-minute dataset, but the 20-period average has provided recent directional cues.
MACD & RSI
MACD showed a mixed signal with a narrow histogram and a near-neutral line, indicating a tug-of-war between buyers and sellers. RSI remained in the mid-40s, suggesting a balanced market with no imminent overbought or oversold conditions.
Bollinger Bands
Volatility expanded during the 21:00–03:00 ET window, with price moving closer to the upper band at 0.1327 and briefly brushing the lower band at 0.1250. A moderate contraction followed, suggesting potential for a breakout or consolidation phase.
Volume & Turnover
Volume spiked to over 370k during the 09:00–12:00 ET session, coinciding with the formation of a bullish engulfing pattern. Turnover mirrored this, with price and volume moving in alignment, offering confirmation of the recent recovery.
Fibonacci Retracements
The 61.8% Fibonacci level at 0.1280 has acted as a strong pivot area, with price showing hesitation and forming consolidation patterns nearby. The 38.2% level at 0.1295 appears to be a key zone for potential continuation.
CELOUSDT appears to be in a transitional phase, with price consolidating above key support and showing no signs of immediate exhaustion. Traders may look for a potential break above 0.1315 or a test of 0.1270 in the next 24 hours. Volatility may remain elevated as price seeks a new directional bias.
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