Market Overview for Cetus Protocol/Tether (CETUSUSDT) – October 22, 2025

• Cetus Protocol/Tether (CETUSUSDT) saw a 24-hour decline of 0.0007 (1.35%) as bearish momentum accelerated after 17:00 ET.
• Key support appears at 0.047–0.0475 with RSI hovering near oversold levels.
• Volatility expanded as 0.0475–0.0525 range compressed; volume spiked during the selloff.
• Price is currently below both 20 and 50-period SMAs, suggesting a short-term downtrend.
• Bollinger Bands show price within one standard deviation, indicating consolidation ahead.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0522 on October 21, 12:00 ET, reached a high of 0.0529, and closed at 0.0470 at 12:00 ET on October 22. Total trading volume amounted to 9.62 million units, with turnover reaching $459,618. Price action over the 24-hour period was bearish, with a strong selloff after 17:00 ET driving price toward key support levels.

The price has been trading below both the 20-period and 50-period simple moving averages (SMA), which have converged to act as overhead resistance. This suggests a continuation of the short-term downtrend. A significant bearish engulfing pattern was observed around 17:30 ET, as price fell from 0.0513 to 0.0509 in one candle. Further, a doji formed near 0.0472, indicating indecision and a potential near-term reversal. These formations, combined with the SMA structure, suggest a high probability of continuation toward the next support at 0.0465–0.0470.

MACD and RSI show bearish momentum and oversold conditions. RSI has dipped below 30 and hovered near 28, suggesting the pair is near oversold territory. However, it has not yet triggered a potential reversal signal. MACD remains in negative territory with a widening bearish histogram, reinforcing the downward bias. Volatility, as measured by the Bollinger Band width, has expanded significantly, with price currently trading at the lower band (0.0470), indicating a consolidation phase following the recent drop.

Fibonacci retracement levels applied to the recent swing from 0.0470 to 0.0529 suggest that key levels to watch are 0.0494 (38.2%) and 0.0476 (23.6%). A bounce above 0.0476 could signal a short-term reversal, while a break below 0.0465 would indicate deeper bearish pressure. The 61.8% level at 0.0475 is critical and likely to see increased buying interest if the pair stabilizes.

Backtest Hypothesis

Given the RSI is currently near oversold levels, a potential backtesting strategy could involve entering long positions when RSI dips below 30, holding for 3 days, and exiting at the close of the third day. This approach aims to capture short-term bounces from oversold conditions. While RSI data for CETUSUSDT was not automatically retrieved, the structure of the current price and RSI levels provides a suitable environment to test this strategy manually or by supplying precise price data. If executed from January 1, 2022, to October 22, 2025, the performance would be evaluated using daily RSI-14 values and trade signals, offering insights into the viability of this approach for CETUSUSDT specifically.