Market Overview for Celo/Tether (CELOUSDT)

Summary
• CELOUSDT tested key support near 0.1260–0.1270, with a bullish engulfing pattern observed near 0.1270.
• Volume and turnover diverged slightly during the afternoon dip, suggesting mixed sentiment.
• RSI approached overbought conditions twice, indicating potential short-term profit-taking.
• Bollinger Bands showed mild contraction in the morning, followed by expansion after 19:00 ET-1.
• Price remained below 5-period 20 MA for much of the session, with a retest at 0.1294–0.1300.

The Celo/Tether (CELOUSDT) pair opened at 0.1293 on 2026-01-10 at 12:00 ET, reached a high of 0.1318, and closed at 0.1270 by 12:00 ET on 2026-01-11. The 24-hour volume was approximately 1.34 million CELO and notional turnover of $169,200.

Structure & Key Levels

Price found resistance at the 0.1300–0.1318 range, with a failed bullish breakout at 0.1315. A key support cluster formed between 0.1260–0.1270, where price consolidated for several hours. A bullish engulfing pattern emerged near 0.1270 in the early afternoon, suggesting potential short-term buying interest.

Volatility and Momentum

Bollinger Bands showed a modest contraction in the morning, followed by expansion in the late afternoon, suggesting rising volatility. RSI touched overbought territory at 0.1315 but retreated, indicating profit-taking pressure. MACD remained bearish for most of the session, though a bullish crossover occurred near 0.1270–0.1275, hinting at short-term stabilization.

Volume and Turnover Behavior

Volume surged at 19:15 ET-1, coinciding with a breakout attempt to 0.1315, but turnover did not confirm the move. Divergence between rising volume and declining price occurred after 04:30 ET, signaling possible bearish exhaustion. The final 6-hour period showed declining volume, suggesting lower conviction in current price levels.

Projection and Risk

CELOUSDT may attempt a test of the 0.1280–0.1290 range in the next 24 hours if short-term buyers remain active. However, a break below 0.1260 could trigger further correction toward 0.1240. Investors should watch for divergence in RSI and volume for signs of exhaustion or reversal.