Market Overview for Cetus Protocol/Tether (CETUSUSDT)

• Price declined from 0.0805 to 0.0785 before a modest recovery to 0.0808.
• High volatility observed between 19:00–23:00 ET with a 0.002 range.
• Volume spiked at 03:30 ET with 1.23M contracts, coinciding with a sharp drop.
• RSI hit oversold levels but failed to trigger a strong reversal.
• Bollinger Band contraction at 00:00 ET signaled low volatility ahead of rebound.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0805 on 2025-09-23 at 12:00 ET and closed at 0.0808 on 2025-09-24 at 12:00 ET, with a high of 0.0823 and a low of 0.0776. Total volume over 24 hours reached 65.4M contracts, while turnover amounted to $5.32M. The pair exhibited mixed directional bias and significant intraday volatility.

Structure & Formations

The price action displayed a bearish consolidation phase from 17:00–03:30 ET, with a sharp 0.0785 low marking a potential support. A bullish reversal candle formed at 04:15 ET, with a large body and narrow wick, suggesting renewed buying interest. A 0.0808–0.0823 resistance cluster emerged after 14:00 ET, with price failing to close above it, pointing to potential rejection from key levels.

A notable 0.0805–0.0798 bearish engulfing pattern formed at 16:00–16:15 ET, followed by a doji at 02:00 ET indicating indecision. A potential support area can be identified around 0.0785–0.0791, with a key resistance at 0.0805–0.0808.

Moving Averages

The 15-minute 20/50 SMA crossover was neutral, with price fluctuating around the 20SMA and crossing the 50SMA in the morning. On the daily chart, the 50/100/200 SMA lines showed price trading above the 50SMA but below the 100 and 200SMA, suggesting a potential short-term bullish bias against a longer-term sideways trend.

MACD & RSI

The MACD histogram turned positive after 04:15 ET, signaling a shift in momentum. The 15-minute RSI hit 28–30 oversold levels at 03:30 ET before bouncing. However, the move above 50 was short-lived, and the RSI remains below overbought territory, suggesting a potential for more consolidation.

Bollinger Bands

Bollinger Bands tightened significantly between 00:00–01:30 ET, signaling a potential breakout. Price later tested the upper band around 0.0812–0.0823 before retreating. A wider range post 14:00 ET indicates increased volatility, with price hovering near the lower and upper bands multiple times, showing mixed directional pressure.

Volume & Turnover

Volume spiked at 03:30 ET (1.23M contracts) coinciding with the sharp 0.0785 low. The 03:30–04:15 ET period saw a 30% increase in turnover despite a limited price move, suggesting accumulation. A divergence appeared between a sharp price rise at 04:15–05:30 ET and a moderate volume increase, hinting at possible short-term exhaustion.

Fibonacci Retracements

Key retracement levels from the 0.0776 to 0.0823 swing showed price finding temporary support at 0.0792 (38.2%) and 0.0808 (50%), with a potential target at 0.0817 (61.8%) ahead. The 61.8% level may act as a pivot point for further directional bias.

Backtest Hypothesis

The backtesting strategy proposed involves entering long positions when price breaks above the 50-period EMA on the 15-minute chart, confirmed by a bullish candlestick pattern and RSI above 40. Stop-loss is placed just below the 50-period EMA, with a take-profit target at the 61.8% Fibonacci retracement level. The current data shows such a condition may have been met at 04:15 ET with the 0.0808 close. Testing this strategy over the past week would assess its viability in the current volatility and volume conditions.