Market Overview for ChainGPT/Tether on 2026-01-01

Summary
• ChainGPT/Tether (CGPTUSDT) tested key resistance near 0.0325 and retraced to 0.0307, forming multiple bullish and bearish reversals.
• Volume surged during the bullish breakout attempt but faded during the pullback, suggesting mixed conviction.
• RSI and MACD showed bearish divergence during the rally, hinting at potential near-term exhaustion.
• Bollinger Bands widened significantly, indicating rising volatility as the pair swung between consolidation and breakout attempts.
• A 61.8% Fibonacci level at ~0.0314 appears critical for near-term support/resistance balance.

ChainGPT/Tether (CGPTUSDT) opened at 0.0299 on 2025-12-31 at 17:00 ET and reached a high of 0.03416 before closing at 0.03221 on 2026-01-01 at 12:00 ET. The 24-hour volume was approximately 115.8 million units, with a notional turnover of ~3.85 million USD.

Structure & Formations

The pair formed a series of bullish and bearish engulfing patterns, particularly around 0.0314 and 0.0325, indicating key inflection points. A long lower shadow on the 0.03221 close suggests a possible rejection of the 0.0325 resistance.

MACD & RSI

The 5-minute MACD showed a bearish crossover during the pullback, while RSI reached overbought levels near 0.0315, later showing bearish divergence as price rose but momentum weakened. These signals suggest caution for further bullish bets without confirmation.

Bollinger Bands

Volatility expanded significantly, with the bands widening to over 0.003 range, as the pair oscillated between the upper and lower bands. Price closed near the upper band during the morning hours, but the recent retracement into the middle band may indicate a return to consolidation.

Volume & Turnover

Volume spiked during the 0.0312 to 0.03416 rally, particularly around 20:45 ET, but faded during the 0.0325–0.0314 pullback. Turnover diverged from price action during the afternoon, with lower volumes supporting higher prices, suggesting reduced conviction among buyers.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the 0.0307–0.03416 swing is at ~0.0314, which has shown strong support and could be a key area for further consolidation or a test of bearish strength.

ChainGPT/Tether may test the 0.0314 level for support in the next 24 hours, with a potential bounce or breakdown to either side. Investors should remain cautious, as mixed momentum indicators and divergences suggest increased uncertainty ahead of a clear directional move.