Market Overview for Cetus Protocol/Tether (CETUSUSDT)

Summary
• Price drifted lower over 24 hours, with a -1.8% close vs. open.
• Key support tested at $0.0260–0.0265 as volume increased during the decline.
• RSI remains in neutral territory, suggesting no immediate overbought/oversold conditions.
• Volatility expanded mid-session as price broke below 20-period MA.

Cetus Protocol/Tether (CETUSUSDT) opened at $0.0273 on 2026-01-04 at 12:00 ET, hitting a high of $0.0277 and a low of $0.0258 before closing at $0.0260 on 2026-01-05 at 12:00 ET. Total volume reached 10,489,965.6 and turnover was $279,294.02.

Structure & Formations

Price formed a descending triangle pattern during the early part of the session, with resistance consolidating around $0.0275–0.0277 and support testing at $0.0265–0.0260. A bearish engulfing pattern appeared on the 5-minute chart around 02:30 ET as price gapped down from $0.0267 to $0.0265, signaling potential bearish momentum. A long lower wick at 05:45 ET suggested brief buying pressure but failed to push above $0.0264.

MACD & RSI

The MACD crossed into negative territory mid-session and remained below the signal line, indicating bearish momentum. RSI hovered between 40–55, avoiding overbought or oversold levels, suggesting a lack of extreme sentiment. No significant divergence between price and RSI was observed, indicating ongoing alignment of momentum with price direction.

Bollinger Bands

Volatility expanded mid-session as price dropped below the 20-period Bollinger Band lower boundary, with the bands widening from a range of ~0.0272–0.0276 to ~0.0260–0.0270. Price spent the final 4 hours of the session trading near the lower band, suggesting potential for a bounce or further consolidation toward key support.

Volume & Turnover

Volume surged as price moved downward between 02:00–05:00 ET, with the largest spike at 03:30 ET when 3,724,263.4 volume pushed price to a low of $0.0260. Notional turnover also spiked during that period, confirming the bearish move. A divergence between volume and price was observed during the afternoon rebound, where volume remained muted despite a slight price recovery, indicating weak conviction in the move higher.

Fibonacci Retracements

A key 5-minute swing from $0.0277 to $0.0258 found price consolidating near the 61.8% retracement level at ~$0.0262, suggesting a potential zone for support. On the daily chart, the 38.2% retracement of the recent weekly move aligns with this level, reinforcing its importance.

Price appears to be in a short-term consolidation phase after breaking below key psychological support. A break below $0.0260 could trigger further downside toward $0.0258–0.0255. Investors should remain cautious ahead of potential volatility if the trend resumes.