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Summary
• Price found temporary resistance near 0.0275 and support around 0.0266–0.0269 during the 24-hour period.
• A bullish engulfing pattern formed early on the 5-minute chart at 19:30–19:45 ET, but failed to hold.
• High volatility and volume spikes occurred between 20:15 and 22:30 ET during a sharp pullback.
• RSI reached oversold territory briefly, but failed to spark a sustainable reversal.
• Bollinger Bands showed a slight contraction in the last 5 hours, suggesting potential for a breakout.
Cetus Protocol/Tether (CETUSUSDT) opened at 0.0274, reached a high of 0.0276, and a low of 0.0264, closing at 0.0268 at 12:00 ET. Total 24-hour volume was 3,591,767.0 and turnover was 95,383.64.
Price Structure and Key Levels
The pair tested key resistance at 0.0275 multiple times without confirmation, followed by a consolidation between 0.0266–0.0269 that acted as a dynamic support zone. A sharp pullback from 0.0276 to 0.0264 occurred between 20:15 and 22:30 ET, marked by high volume and a bearish breakdown of the Bollinger Band lower channel. A subsequent rebound to 0.0272–0.0273 showed limited buying interest and failed to break above the 0.0275 psychological threshold.
Indicators and Momentum

Volatility and Volume Analysis
Volatility increased sharply between 20:15 and 22:30 ET, with a large volume spike coinciding with the breakdown to 0.0264. Notional turnover aligned with price declines, showing no divergence. The most recent contraction in Bollinger Band width since 06:00 ET suggests a potential setup for a breakout in either direction, though bearish momentum remains dominant.
Fibonacci and Short-Term Patterns
Applying Fibonacci retracements to the swing from 0.0264 to 0.0276, the 50% level at 0.0270 and 61.8% at 0.0273 were significant. A bullish engulfing candle at 19:30–19:45 ET failed to hold, and a potential bearish divergence formed at 02:30–03:00 ET.
The market may consolidate within the 0.0266–0.0272 range for the next 24 hours, with a slight bias to the downside if support at 0.0266 fails. Investors should remain cautious of volatility spikes and avoid overextending long positions without confirmation.
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