Market Overview for Cetus Protocol/Tether (CETUSUSDT) – 24-Hour Analysis (2025-09-25)

• Price declined from 0.0814 to 0.0762 over 24 hours amid high volume and bearish momentum.
• A 15-minute bearish engulfing pattern formed near 0.081 and 0.0807.
• MACD turned negative with RSI in oversold territory (33), suggesting potential consolidation.
• Volatility expanded as price broke below a key Bollinger Band midline.
• Turnover surged to $118M in the final hour, signaling intensified bear pressure.

The Cetus Protocol/Tether (CETUSUSDT) pair opened at 0.0813 on 2025-09-24 at 12:00 ET and closed at 0.0762 at the same time on 2025-09-25. The 24-hour range was 0.0815 (high) to 0.0746 (low). Total notional turnover reached approximately $89.9 million, with total volume amounting to 12,978,730 units.

Price action over the past 24 hours was largely bearish, with a steady descent from the early morning high of 0.0815 to a late afternoon low of 0.0746. A key bearish engulfing pattern formed around 2025-09-24 16:00 ET, indicating a shift in sentiment. Support appears to be forming in the 0.0760–0.0765 range, which has been tested and rejected multiple times. Resistance levels above 0.0775 remain intact, with the 50-period moving average (around 0.0785) acting as a psychological barrier.

Structure & Formations

Candlestick formations over the past 24 hours highlight a shift in market psychology from bullish to bearish. The 0.0815–0.0808 and 0.0813–0.0798 swings reflect a bearish breakdown, with the 0.0765–0.0769 range acting as a critical short-term support. Doji candles appeared around 0.0805 and 0.0780, suggesting indecision. A potential bearish reversal pattern has formed below 0.0805, and the recent price action indicates exhaustion above 0.0785.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart have trended lower throughout the session, with the 50-period line currently sitting at 0.0780. The 50-period daily moving average is at 0.0789, above the current price, reinforcing a bearish bias. The 200-period line at 0.0795 further confirms a downtrend.

MACD & RSI

The MACD line has remained below the signal line for most of the session, with a bearish crossover forming on 2025-09-25 at 09:00 ET. The histogram has turned increasingly negative, indicating bearish momentum. RSI has fallen into oversold territory at 33, with the oscillator bouncing from 24 to 37 in the last few hours. While this could signal a short-term bounce, a sustained move above 50 would be necessary to confirm a reversal.

Bollinger Bands

Volatility expanded as the price moved from within to outside the Bollinger Bands, breaking below the midline at 0.0782 and moving into the lower band. A contraction in the band width was observed around 0.0805, followed by a sharp expansion during the price breakdown. Price remains well below the 20-period moving average, suggesting continued bearish pressure unless buyers step in above 0.0785.

Volume & Turnover

Volume has trended higher as the price declined, especially in the final four hours of the session. The highest single-candle volume was recorded at 0.0762 (0.0766 open), with over 1.18 million units traded. Notional turnover surged to $118 million in that period, indicating strong bearish participation. Divergence between price and volume was not observed, suggesting strong consensus in the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.0815–0.0746 swing, the 61.8% level is at 0.0771 and has provided multiple points of rejection. The 38.2% level at 0.0780 has also acted as a minor resistance. A move below 0.0765 would take the price into the 23.6% retracement level of 0.0760, a potential short-term floor.

Backtest Hypothesis

Given the observed bearish engulfing patterns and the current bearish momentum confirmed by MACD and RSI, a potential backtest strategy could be to initiate short positions with a stop-loss placed just above 0.0780, aiming for a target at 0.0750 or below. This would align with Fibonacci levels and key support areas identified over the 24-hour period. The strategy would benefit from the current oversold RSI condition, but must be cautious of any break above the 0.0785–0.0789 resistance zone, which could invalidate the short bias.