Market Overview for Cetus Protocol/Tether (CETUSUSDT): 24-Hour Analysis

• Price action on CETUSUSDT trended lower over 24 hours, with a 9.6% decline from 0.0891 to 0.0785.
• Volatility expanded during the early hours of the session as price dropped from 0.0895 to 0.0797 amid heavy turnover.
• Key support at 0.0791–0.0792 held twice but failed to trigger a reversal, signaling bearish momentum.
• Divergence between price and volume was observed in the late morning session, indicating weakening conviction.
• RSI reached oversold territory near 30, though a rebound is yet to follow, suggesting potential for a short-term bounce.

The Cetus Protocol/Tether pair (CETUSUSDT) opened at 0.0891 on 2025-09-21 at 12:00 ET and closed at 0.0785 on 2025-09-22 at 12:00 ET, with a high of 0.0899 and a low of 0.0762 during the 24-hour period. Total volume was 12,456,514.4, and total turnover amounted to approximately $1,067,893. The pair experienced a sharp decline in early trading, followed by a sideways-to-bearish consolidation in the afternoon and evening.

Structure & Formations

The 15-minute chart revealed a bearish breakdown from the 0.0890–0.0895 resistance zone, confirmed by a large bearish engulfing pattern around 0.0895 to 0.0886 on the morning of 2025-09-21. A key support area emerged at 0.0791–0.0792, which held briefly but failed to trigger a reversal. A potential triple bottom at 0.0792–0.0795 could provide temporary support ahead. The late-morning low at 0.0762 marked a sharp breakdown of the previous week's consolidation, suggesting a weakening in short-term bullish momentum.

Moving Averages

On the 15-minute chart, price spent most of the session below both the 20-period and 50-period moving averages, confirming the bearish bias. On the daily chart, the 50-period MA was at 0.0823, while the 200-period MA sat at 0.0835. The price is now well below both, suggesting that short-term bearish conditions are in control.

MACD & RSI

The MACD turned negative early in the session and remained in bearish territory throughout, with the histogram widening during the sharp price drop. The RSI reached 30 in the late morning, indicating oversold conditions, but failed to trigger a bounce. The RSI remains in the lower 30–40 range, suggesting that bearish momentum is still intact and any short-term rally may lack conviction.

Bollinger Bands

Volatility expanded significantly during the price breakdown in the early morning session, with the upper band at 0.0897 and the lower band at 0.0862 at 00:45 ET. Price broke below the lower band around 00:45 ET, confirming a bearish move. After that, volatility decreased and price traded within a narrow range around the 0.0790–0.0795 level. A break below the 0.0785 level would likely trigger further expansion of the lower band.

Volume & Turnover

Volume spiked sharply during the early morning drop, with over 9.5 million units traded in the 00:45–01:00 ET window. Notional turnover also spiked, exceeding $100,000 in that period. However, volume declined significantly in the afternoon, even as price continued to trade lower. This divergence suggests weakening momentum and a potential near-term pause or reversal.

Fibonacci Retracements

Fibonacci levels on the morning swing (from 0.0895 to 0.0797) placed the 38.2% retracement at 0.0849 and the 61.8% at 0.0822. Price stalled near 0.0850–0.0855 for much of the afternoon but failed to break back above. A break below 0.0785 would open the next Fibonacci level at 0.0762 for potential support.

Backtest Hypothesis

A potential backtesting strategy for CETUSUSDT involves entering short positions on a confirmed breakdown of the 15-minute 20-period moving average, with a stop above the recent swing high. A target can be set at the next Fibonacci level or the next key support. Given the recent breakdowns and divergences, this strategy appears to have had a high win rate during the past 24 hours. However, it should be tested over a longer time horizon to account for volatility and false signals.