Market Overview for Cetus Protocol/Tether (CETUSUSDT) - 2025-11-10

Summary• Price opened at 0.0423 and closed at 0.0414 after a 24-hour range of 0.041 to 0.0438.• Momentum dipped as RSI and MACD showed mixed signals, with RSI dipping into oversold territory late in the session.• Volatility increased mid-day before a sharp drop in the final 2.5 hours.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0423 at 12:00 ET-1 and closed at 0.0414 at 12:00 ET, with a high of 0.0438 and a low of 0.0410 over the 24-hour period. The pair traded on a total volume of ~4.59 million units, amounting to a notional turnover of $195,757. Price action revealed a late-day sell-off amid diverging momentum indicators.

Structure & Formations

CETUSUSDT showed notable bearish structure in the latter half of the session. A key support level emerged around 0.0410, with a potential resistance level near 0.0438. A bearish engulfing pattern appeared around 17:00 ET-1, signaling a shift in sentiment. A doji formed near 0.0430, indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, suggesting short-term bearish momentum. On the daily timeframe, the 50-period MA is above the 200-period MA, suggesting longer-term bullish potential. However, the 100-period MA is trending downward, reinforcing near-term caution.

MACD & RSI

The MACD line moved from positive to negative territory, crossing below the signal line late in the session, indicating bearish momentum. RSI dipped into oversold territory near the session close (RSI ~28), potentially hinting at a short-term bounce. However, the absence of a clear divergence or strong reversal candle suggests the bearish trend may continue.

Bollinger Bands

Price tested the upper band around 0.0438 and then collapsed toward the lower band, reaching 0.0414. The narrowing of the bands mid-session indicated decreasing volatility before a sharp expansion, suggesting a potential reversal or continuation. Price remains near the lower band, indicating a bearish bias.

Volume & Turnover

Volume spiked during the sell-off phase, particularly in the candle closing at 0.0414 with 1.25 million units traded. This supports the validity of the bearish move. Notional turnover increased in line with the price drop, suggesting genuine conviction among sellers rather than a washout.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing (0.0438 to 0.0410), 0.0424 and 0.0416 represent key 38.2% and 61.8% retracement levels, respectively. The price may test the 61.8% level as a potential support threshold over the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy could leverage the observed MACD and RSI behavior: entry on a MACD golden cross below zero combined with RSI < 30, and exit on a MACD dead cross above zero or RSI > 70. This approach would aim to capture bullish reversals and manage bearish momentum. However, divergence detection requires more granular MACD data, which may necessitate additional tools or custom logic for precise execution.

In the next 24 hours, CETUSUSDT could test the 0.0410 support level, with a possible bounce into 0.0416 if buyers emerge. A break below 0.0410 would raise the risk of a deeper correction. Investors should remain cautious, monitoring volume for confirmation of any reversal.