Market Activity of Celer Network (CELRUSDT)
Celer Network (CELRUSDT) began trading at $0.00803 but ended the session at $0.00784 following a tumultuous 24 hours that saw prices dip as low as $0.00767.
Bearish Divergence Signals Weakness
A bearish divergence has been observed, characterized by a decline in price alongside inconsistent trading volume. This trend indicates a lack of strong conviction behind the downward movement, raising questions about its sustainability.
Potential for Short-Term Buying Interest
The Relative Strength Index (RSI) has fallen into oversold territory, dropping below 30. This could point to a possibility of short-term buying interest as traders may look to capitalize on perceived undervaluation.
Support Levels Forming
Key support is emerging in the range of $0.00774 to $0.00782, with expectations for a retest of these levels in the near future.
Increased Volatility Observed
Volatility has significantly intensified during the trading session, as indicated by the widening of Bollinger Bands and notable price fluctuations.
Session Overview
During the trading period from July 24 to July 25, 2025, Celer Network (CELRUSDT) opened at $0.00803 and closed at $0.00784. The pair achieved a high of $0.00813 and a low of $0.00767 within the 24-hour window. The total trading volume reached approximately 137,735,452 CELR, translating to a turnover of around $1,104,024. The substantial drop in price during this timeframe was particularly pronounced between 00:00 and 04:00 ET on July 25, 2025, coinciding with a spike in volume, especially noted in the first 45 minutes of that window when the price fell from $0.00788 to $0.00772. However, the subsequent recovery in price saw diminished volume, suggesting limited buying enthusiasm.
Price Structure and Patterns
Support levels appear to be forming between $0.00774 and $0.00782, with a potential short-term floor at $0.00767. The price has repeatedly tested these support areas, creating a consolidation pattern. Resistance levels are evident around $0.00790 and $0.00795, where prices had difficulty maintaining upward momentum earlier in the session. A bearish engulfing pattern at the onset of the downtrend further reinforces the negative sentiment.
Moving Averages Indicate Bearish Momentum
On the 15-minute chart, both the 20-period and 50-period moving averages have crossed below the current price, adding to the bearish momentum. The daily chart’s 200-period moving average remains above current levels, which could indicate a longer-term bearish outlook if the ongoing support levels fail to hold.
MACD and RSI Analysis
The MACD line has stayed beneath the signal line for the majority of the session, reflecting ongoing bearish momentum. The histogram is contracting in negative territory, hinting that the downtrend may be weakening. The RSI has entered oversold territory, currently around 29 to 30, potentially signaling an upcoming short-term bounce from the support range of $0.00774 to $0.00782.
Volatility Reflected in Bollinger Bands
Bollinger Bands have expanded significantly during the trading session, suggesting heightened volatility. The price has spent considerable time near the lower band, particularly in the early hours. A rebound from this lower band may be on the horizon; however, if the price drops below the low of $0.00767 recorded on July 25, it would confirm a deeper bearish trend.
Volume and Turnover Insights
Trading volume surged during the window from 00:00 to 00:45 ET, reaching a peak of 12,897,553.8 CELR at 06:45 ET. Turnover also saw a rise during this period, hitting $97,647. Nevertheless, the volume during the following consolidation phase was relatively low, which may indicate a lack of confidence in the bearish trend. The divergence between price and volume could suggest a potential reversal or a period of consolidation.
Fibonacci Levels Highlight Key Support
Using Fibonacci retracement levels from the high of $0.00809 on July 24 to the low of $0.00767 on July 25, critical levels have been identified: 38.2% at $0.00788 and 61.8% at $0.00776. The price has interacted with both levels, with the 61.8% level currently serving as short-term support. A break below this point would indicate a move towards the 78.6% retracement level at $0.00769.
Outlook for Celer Network (CELRUSDT)
Celer Network (CELRUSDT) is likely to find short-term support within the $0.00774 to $0.00782 range, with expectations for either a bounce or consolidation in the coming 24 hours. However, if the price falls below $0.00767, the bearish trend could be prolonged. Investors are encouraged to keep an eye on volume trends and RSI movements for signs of a possible reversal. As always, given the high volatility in the market, proceeding with caution is advisable.
