Market Overview for Cetus Protocol/Tether (CETUSUSDT)

• Price closed 0.14% lower after a volatile 24-hour session.
• Volume peaked near 1.1M at the start before tapering, suggesting initial conviction waned.
• RSI and MACD show weakening momentum, hinting at potential near-term consolidation.
• Price oscillated between 0.0970–0.0993, indicating a range-bound environment.

CETUSUSDT opened at 0.099 on 2025-09-13 12:00 ET, reached a high of 0.0997, a low of 0.0962, and closed at 0.0966 at 2025-09-14 12:00 ET. The 24-hour volume totaled 4.35M with a notional turnover of ~415,000 USD.

Structure & Formations

The pair formed a bearish rectangle pattern between 0.0970 and 0.0993, with several failed attempts to reclaim 0.0993 as the upper boundary. A doji at 0.0993 during the evening (ET) confirmed indecision, while the breakdown below 0.0970 marked a shift in sentiment. A key support level appears forming at 0.0970–0.0975, with price testing this range three times.

Moving Averages

The 15-minute chart shows the price closing below the 50-period SMA, while the 20-period SMA remains in a neutral position. On the daily chart, the 50 and 200-period SMAs are converging, with the 50-period line appearing to cross above the 200-period from below, a potential bearish signal.

MACD & RSI

The 15-minute MACD has turned negative with bearish divergence, and the RSI has dropped into oversold territory below 30. This suggests a potential bounce in the near term, but without a clear reversal pattern, a continuation lower cannot be ruled out.

Bollinger Bands

Volatility expanded in the early hours of the session, with the bands widening. The price closed near the lower band at 0.0966, signaling a possible overextended condition and a potential short-term bounce.

Volume & Turnover

Volume surged in the first two 15-minute candles but declined progressively as the session progressed. The drop in turnover despite price movement suggests reduced conviction. A divergence between price and volume could signal a potential reversal if confirmed by a bullish candle at 0.0970.

Fibonacci Retracements

Fibonacci levels applied to the 0.0970–0.0993 swing show 0.0981 (38.2%) and 0.0978 (61.8%) as key retest levels. Price failed to hold at both during the session, suggesting further downside risk toward the 0.0965 level.

Backtest Hypothesis

A backtest strategy could involve a short bias when price breaks below a 38.2% Fibonacci level (e.g., 0.0978) with a bearish candlestick pattern and volume confirmation. A stop-loss could be placed above the 0.0981 level to protect against a potential rally. Given the current setup, this strategy would have captured the move to 0.0965 with a risk-to-reward ratio of approximately 1:1.5.