Market Overview for CETUSUSDT: Bullish Breakout and Technical Indicators Signal Strong Momentum

• The pair opened at $0.0786, reached $0.0795, and closed near $0.0814 on strong bullish momentum.
• Volatility expanded midday, with Bollinger Bands widening and price breaking above upper band.
• MACD turned positive and RSI entered overbought territory, suggesting potential consolidation.
• Volume spiked after 15:15 ET with a strong $0.0814 high, indicating accumulation.
• Fibonacci retracement levels at $0.0796 and $0.0809 provided psychological support and resistance.

CETUSUSDT 24-Hour Price Action and Volume Summary

The Cetus Protocol/Tether (CETUSUSDT) pair opened at $0.0786 on 2025-10-05 12:00 ET, hit an intraday high of $0.0815, and closed at $0.0812 at 2025-10-06 12:00 ET. Total volume for the 24-hour window was 11.15 million CETUS, with notional turnover reaching $893,456.30, reflecting a sharp rise in liquidity and participation.

Structure & Formations: Strong Uptrend and Key Levels

The 15-minute chart reveals a bullish breakout from a prior consolidation range. Key support levels emerged at $0.0762, $0.0771, and $0.0781, with $0.0781 acting as a pivot level. A bullish engulfing pattern appeared at $0.0773–$0.0783, suggesting a shift in sentiment. Resistances formed at $0.0795, $0.0805, and $0.0814, where buyers showed strength. A Doji at $0.0796 may indicate a brief pause in the upward move.

Moving Averages and Momentum

On the 15-minute timeframe, price closed above both 20 and 50-period SMAs, reinforcing the bullish trend. On the daily chart, price remains above the 50 and 200-period SMAs, suggesting medium-term strength. MACD turned positive and crossed above the signal line, with positive divergence in the histogram. RSI rose to 76, near overbought territory, hinting that a consolidation or pullback may be due.

Volatility and Fibonacci Analysis

Volatility expanded significantly after 15:15 ET, with Bollinger Bands widening and price touching the upper band at $0.0803. A strong $0.0814 high at 15:30 ET pushed price above key Fibonacci retracement levels of $0.0796 (38.2%) and $0.0809 (61.8%), suggesting a break above the prior range. Price may now test $0.0823 as the next target or retest $0.0796 as a key support.

Volume and Turnover Divergence

Volume surged at the $0.0814 high, with a 15-minute candle printing $0.0814 on a $205,000 turnover. Notable volume spikes were also seen at $0.0762 and $0.0796, suggesting accumulation. A bullish volume divergence appears as price makes higher highs while volume remains elevated, supporting the continuation of the trend.

Backtest Hypothesis

Given the breakout from key support and the confirmation via MACD and RSI, a potential backtest strategy could focus on buying on a close above the 50-period SMA with a RSI > 50 and MACD crossing above the signal line, with a stop-loss just below the most recent swing low. Trailing stops could be deployed to capture extended bullish runs. This strategy would align with the observed engulfing patterns and strong volume confirmations, aiming to capture both short and medium-term bullish momentum.