Market Overview for Cetus Protocol/Tether (CETUSUSDT): 2025-10-13

• The pair saw a 24-hour price range of $0.0503–$0.0551, with closing above the session open at $0.0527.
• RSI and momentum show signs of overbought conditions in the late hours, suggesting potential short-term profit-taking.
• Volatility increased significantly after 20:00 ET, with a sharp rebound in volume and price.
• Key support appears to be at $0.0525, and key resistance at $0.0535–$0.0540, with several tests observed.

Cetus Protocol/Tether (CETUSUSDT) opened at $0.0505 on 2025-10-12 at 12:00 ET and closed at $0.0527 on 2025-10-13 at 12:00 ET. The 24-hour high was $0.0551, and the low was $0.0503. Total volume reached 44,740,770 units, with notional turnover exceeding $2.28 million. The price action showed a gradual buildup of bullish momentum, especially in the late hours of the session, culminating in a sharp rebound.

Structure & Formations

The 24-hour chart revealed multiple tests of key resistance levels, particularly in the $0.0535–$0.0545 range. A bullish engulfing pattern formed around 02:00 ET as the price closed above the previous candle's high after a pullback. A doji appeared near the intraday high at 09:00 ET, signaling potential exhaustion. The most notable support level was identified at $0.0525, where the price found multiple bounces and retests, suggesting strong buying interest.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages crossed multiple times, forming a narrowing convergence near the close. The 50-period MA acted as a dynamic support in the afternoon and early evening before flipping into resistance. Daily moving averages suggest the 50–200-period MA crossover remains bullish, but recent price corrections have pulled the 200-period MA into the $0.0520 range, suggesting a potential support pivot.

MACD & RSI

The MACD crossed into positive territory in the late hours of the session, with a bullish divergence forming as prices pulled back but the MACD remained above the signal line. RSI moved above 65 by 21:00 ET and reached 72 by 09:00 ET, indicating overbought conditions. However, divergence was observed between the RSI and price action as the price made a new high but the RSI failed to surpass the previous peak.

Bollinger Bands

Volatility expanded significantly after 20:00 ET, as the price moved near the upper Bollinger Band and broke out of a tight consolidation. The 20-period band width increased from 0.0006 to 0.0009 during this period, reflecting growing uncertainty. The price closed near the upper band, suggesting a continuation of bullish momentum may be underpinned by rising volatility. A contraction in the bands at 02:30 ET hinted at a potential breakout that indeed occurred hours later.

Volume & Turnover

Volume spiked during the late hours of the session, particularly between 20:00–02:00 ET, where the average 15-minute volume exceeded 500,000 units. This coincided with a sharp price rebound and a series of bullish candle formations. Notional turnover also surged during this period, confirming the strength of the move. However, a divergence emerged in the final hours of the session as volume declined despite a rally, suggesting potential profit-taking.

Fibonacci Retracements

Applying Fibonacci to the swing from $0.0503 to $0.0551, the 61.8% level at $0.0528 was tested and held as support during the afternoon before being broken in the late hours. The 78.6% level at $0.0537 also saw resistance during the early morning. In the 15-minute chart, key retracement levels at 38.2% and 61.8% were respected multiple times, indicating strong psychological support/resistance levels.

Backtest Hypothesis

The observed RSI overbought condition and bullish divergences in the MACD suggest a potential overbought trigger around the 70-level threshold, which aligns with the traditional RSI-based mean-reversion strategy. If a 14-period RSI strategy is applied, an entry could have been triggered between 20:00–21:00 ET when RSI crossed above 70. A 5% profit-target exit would have captured the rebound from $0.0527 to $0.0549. However, the volume divergence in the last hours of the session raises caution—suggesting the strategy may benefit from a stop-loss or time-based exit to manage risks in a volatile environment.