Market Overview for Cetus Protocol/Tether

Summary
• Price action consolidated between 0.0266–0.0278, with key resistance at 0.0274 and support at 0.0268.
• Momentum weakened toward the end of the 24-hour window, with RSI nearing oversold levels.
• Bollinger Bands signaled moderate volatility, with price hovering near the middle band.
• Volume remained uneven, peaking during the 18:00–19:00 ET selloff but declining toward the close.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0272 on 2026-01-15 12:00 ET, reached a high of 0.0278, traded as low as 0.0264, and closed at 0.0266 by 2026-01-16 12:00 ET. Total volume for the 24-hour period was approximately 10.6 million, with a notional turnover of around 291,000 USD.

Structure & Formations

Price movement remained range-bound throughout the 24-hour period, with a defined resistance cluster forming around 0.0274 and a support zone emerging at 0.0268. A bearish engulfing pattern appeared during the 18:00–18:15 ET timeframe, which may have reinforced the downward bias. A small doji formed near 0.0268, suggesting a potential short-term equilibrium.

Moving Averages and MACD

Short-term moving averages on the 5-minute chart (20 and 50) indicated a bearish crossover during the late ET hours, aligning with the price dip below 0.0271. The MACD remained in negative territory, with the signal line crossing below the histogram, suggesting weakening momentum. The RSI approached oversold levels near 30 toward the close, potentially indicating a possible near-term bounce.

Bollinger Bands and Volatility

Volatility expanded between 18:00–20:00 ET as price dropped from 0.0276 to 0.0267, with Bollinger Bands widening. However, the final 6–8 hours showed a contraction in volatility, with price hovering near the middle band. This may suggest a period of consolidation ahead of a potential breakout.

Volume and Turnover

Volume spiked during the 18:00–19:30 ET selloff, particularly around 19:00 ET when nearly 646,161 contracts were traded. However, volume diminished significantly after 21:30 ET, with minimal turnover reported in the final 2.5 hours of the period. This divergence between price and volume may indicate weakening conviction in the bearish move.

Fibonacci Retracements

On the 5-minute chart, price retraced approximately 61.8% of the previous upward leg before reversing lower. On a daily basis, the 0.0276 level marked the 38.2% retracement of a larger swing, potentially acting as a key resistance zone in the near term.

Looking ahead, the price may test the 0.0266–0.0268 support range in the next 24 hours, with a potential bounce toward 0.0271–0.0273 if buyers re-enter. However, traders should remain cautious of a continued selloff should the 0.0264 level break, with a likely extension toward 0.0260–0.0262.