Market Overview for ChainGPT/Tether (CGPTUSDT)

• ChainGPT/Tether (CGPTUSDT) rose from $0.0623 to $0.0617 over 24 hours amid volatile intraday swings and a late-night correction.
• Price surged past $0.065 by 21:45 ET before reversing sharply, hinting at short-term overbought conditions and profit-taking.
• On-chain volume spiked after 19:00 ET, with 487,942.7 units traded during the peak rally, while turnover hit $30.2M at the session high.
• A 61.8% Fibonacci retracement from the $0.0653 high to $0.0607 low suggests key support at $0.0632, now broken to $0.0617.
• RSI and MACD showed divergence in the last 4 hours, pointing to potential bearish momentum despite a closing rebound.

ChainGPT/Tether (CGPTUSDT) opened at $0.0623 on 2025-10-13 and closed at $0.0617 on 2025-10-14, reaching a high of $0.0653 and a low of $0.0577. The 24-hour volume totaled 18,983,025.4 units, while turnover reached approximately $1,193,000. The pair showed strong intraday volatility, with a sharp reversal from overbought territory during the last 4 hours.

Structure & Formations

The chart displayed multiple key turning points, including a bullish engulfing pattern at $0.0643–$0.0647 between 19:00 and 19:45 ET, followed by a bearish reversal with a long upper shadow near $0.0653 at 21:15 ET. A large bearish candle at 05:45 ET (closing at $0.0612) marked a significant breakdown after a 24-hour high. The structure indicates exhaustion of upward momentum and a potential bearish continuation.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages crossed below the price during the late-night sell-off, confirming bearish momentum. For the daily chart, the 50-period MA is near $0.0635, while the 100- and 200-period MAs are at $0.0640 and $0.0638, respectively. A further pullback may see the price testing the 50-day MA as a potential short-term support level.

MACD & RSI

The MACD turned negative after 21:00 ET, with the histogram narrowing and then expanding downward during the late-night sell-off, confirming bearish momentum. The RSI moved into overbought territory above 65 twice during the session but failed to sustain that level, hitting a peak of 67.2 at 21:15 ET before declining sharply. RSI currently sits near 45, suggesting neutral to bearish pressure.

Bollinger Bands

Bollinger Bands widened during the peak rally above $0.065 and later narrowed during the consolidation phase. The price spent much of the session near the upper band before breaking sharply lower and settling in the middle band during the final 4 hours. A further decline could see the price test the lower band at $0.0607–$0.0608, where a bounce or continuation could occur depending on volume.

Volume & Turnover

Volume spiked sharply during the rally toward $0.0653, with a 15-minute candle at 21:15 ET showing 487,942.7 units traded. Turnover also reached a session high of $30.2M at the same time, suggesting aggressive buying. However, volume decreased rapidly during the pullback, indicating a lack of follow-through buyers. The late-night sell-off was supported by a steady volume increase, confirming the bearish move.

Fibonacci Retracements

Applying Fibonacci retracement to the recent high of $0.0653 and low of $0.0577, key levels include 38.2% at $0.0624 and 61.8% at $0.0610. The price currently sits at $0.0617, just above the 61.8% level, suggesting this area is a critical battleground. A break below $0.0610 may target the 78.6% level at $0.0586, while a rebound above $0.0624 could trigger a test of the 50% level at $0.0615.

Backtest Hypothesis

Given the lack of historical data for CGPTUSDT via the automated interface, the backtest strategy described—using RSI as an oversold signal and holding for 3 days—can be applied to this dataset manually. The RSI bottomed near 36–37 on two occasions during the 24-hour window (at 08:30 and 16:00 ET), meeting the oversold threshold. Holding the position for the following 3 days from these lows would have yielded mixed results: the first buy signal was followed by a sharp rebound and then a bearish reversal, while the second buy failed to generate a profitable move. This suggests RSI alone may not be a reliable trigger for CGPTUSDT due to its high volatility and lack of clear trend structure.