Market Overview for Cetus Protocol/Tether (CETUSUSDT): Volatility and Divergence on a 24-Hour Frame

• Cetus Protocol/Tether (CETUSUSDT) closed 0.0417 at 12:00 ET after a volatile session.
• Price breached key resistance near 0.0424 before retreating, signaling mixed momentum.
• Total 24-hour volume was 12,398,268.7, with turnover of ~$509,711.
• RSI approached overbought levels, suggesting a potential correction.
• Volume surged in the 18:00–19:30 ET window, coinciding with price highs.

Cetus Protocol/Tether (CETUSUSDT) opened at 0.0415 on 2025-11-10 at 12:00 ET and closed at 0.0417 on 2025-11-11 at 12:00 ET, reaching a high of 0.0438 and a low of 0.0406. The total 24-hour volume was 12,398,268.7, with a notional turnover of approximately $509,711. A strong midday rally gave way to a late consolidation phase, indicating mixed sentiment among traders.

1. Structure & Moving Averages

Price action showed a clear push above 0.0424, but failed to hold the level, forming a potential bearish engulfing pattern at the peak. The 20-period and 50-period moving averages on the 15-minute chart were closely aligned around 0.0418–0.0421, suggesting a congested zone. A break above this could trigger further upside, while a retest of 0.0410–0.0412 could provide a safety zone.

2. Momentum Indicators

The RSI peaked above 65 during the midday surge, suggesting overbought conditions. However, this did not trigger a sharp pullback, raising the possibility of a false breakout. The MACD showed a positive divergence, with price making higher highs but the MACD failing to confirm with new highs. This divergence suggests caution for further bullish bets.

3. Volatility and Bollinger Bands

Price remained within the Bollinger Bands for most of the session, with a slight expansion during the 0.0422–0.0438 rally. The upper band acted as a temporary ceiling, and the close just below the middle band suggests a possible reversion to the mean in the near term. A break above the upper band could signal renewed bullish momentum.

4. Volume and Turnover

Volume spiked during the 18:00–19:30 ET window, coinciding with the high of 0.0438. However, the subsequent decline occurred on relatively lower volume, suggesting a lack of follow-through. Total turnover and volume were in alignment, with no significant divergences observed. This indicates that the sell-off after the peak was likely driven by profit-taking rather than panic.

5. Fibonacci Retracements

A recent 15-minute swing from 0.0406 to 0.0438 saw key retracement levels at 0.0423 (38.2%) and 0.0419 (61.8%). Price hovered near the 61.8% level for much of the session, indicating a possible area of near-term support. The 50% level at 0.0422 served as a pivot point during the consolidation phase.

Backtest Hypothesis

The backtest strategy attempted to model a momentum-driven approach using event-based triggers but failed due to an inability to locate the price data for CETUSUSDT. This likely stems from either an incorrect ticker symbol, an absence of data for the specified time range, or a formatting issue in the data source. To proceed with a successful backtest, it is critical to confirm the correct ticker symbol (including exchange prefix, e.g., BINANCE:CETUSUSDT), verify that the asset was actively traded from January 2022, and confirm the desired price type (open vs. close). Once these parameters are clarified, the strategy can be rerun with an interactive chart to assess its robustness.