Market Overview for Cetus Protocol/Tether (CETUSUSDT) — 2025-10-14

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• Price dipped from a high of $0.0553 to close near $0.0499 amid volatile swings and rising volume.
• Momentum slowed as RSI dropped into oversold territory, signaling potential near-term reversal.
• Volume spiked during the afternoon ET downtrend, confirming bearish pressure.
• Bollinger Bands showed a sharp expansion during the 12-hour window, reflecting heightened volatility.
• A bearish engulfing pattern formed at the intraday high, adding short-term bearish bias.

Opening and Closing Dynamics

At 12:00 ET on 2025-10-13, CETUSUSDT opened at $0.0536 and reached an intraday high of $0.0553. The pair declined sharply toward the close of the 24-hour window, with a low of $0.0484 and a closing price of $0.0499 at 12:00 ET on 2025-10-14. The total volume for the 24-hour period was 146,607,662.9, with a notional turnover of approximately $7,421,188, calculated from the volume and average price of the trades.

Structure and Key Levels

The 15-minute chart displayed several key support and resistance levels. The most notable support levels were at $0.0500 and $0.0495, with the latter showing multiple retests and a bearish engulfing pattern. Resistance levels emerged around $0.0510 and $0.0520, where price failed to hold on multiple occasions. A significant bearish reversal pattern—bearish engulfing—was observed at $0.0553, suggesting potential continuation of the downward trend. The price has spent the majority of the session below the 20- and 50-period moving averages, reinforcing the bearish bias.

Momentum and Volatility Indicators

The RSI (14-period) dipped below 30 at the end of the session, indicating oversold conditions, while the MACD (12,26,9) showed a bearish crossover with a negative histogram. Bollinger Bands displayed a sharp expansion in the mid-session hours, especially between 4–10 AM ET, when volatility spiked as the price moved from $0.0520 down to $0.0484. The price closed near the lower Bollinger Band, which could signal a potential rebound or continuation of the bearish trend depending on volume confirmation.

Volume and Turnover Analysis

Volume spiked significantly during the downward price action between 4–8 AM ET, when the pair dropped from $0.0533 to $0.0499. This divergence between price and volume was bearish confirmation, suggesting strong selling pressure. Turnover also increased during this period, with several 15-minute candles showing turnover exceeding $120,000. In contrast, the morning and late evening periods showed lower volume and turnover, indicating a lack of conviction or participation in the market.

Backtest Hypothesis

Given the bearish structure and confirmed reversal patterns, a practical short-term trading hypothesis involves monitoring for Dark Cloud Cover (DCC) patterns on the 15-minute chart. If historical DCC occurrences align with significant price reversals, a backtest could evaluate the effectiveness of a short-bias strategy triggered by such patterns. The strategy would ideally be tested on a 3-day basis following each DCC signal, considering both entry timing and exit management. To proceed, we need either an alternative query to retrieve DCC occurrences or direct submission of the pattern dates for backtesting.