Shentu/Tether (CTKUSDT) Market Overview: 24-Hour Price Surge and Volatility

• Price surged from $0.3269 to $0.3790 on strong volume, forming a bullish breakout pattern.
• Volatility expanded after 7:00 AM ET, with volume spiking to 296,640.4 during a key upward reversal.
• A bearish correction followed the high, with price retreating to $0.3701 as selling pressure emerged.
• RSI and MACD signals suggest mixed momentum, with potential for overbought conditions in the short term.
• Bollinger Bands show a recent contraction, hinting at a potential breakout or continuation.

Opening Summary

At 12:00 ET on October 13, 2025, Shentu/Tether (CTKUSDT) opened at $0.3269, hit a high of $0.3790, and closed at $0.3701 after hitting a low of $0.3260 the previous day. The total 24-hour volume reached 2,699,746.2, with a notional turnover of approximately $942,220.15. A strong early morning rally drove a sharp price reversal, followed by a consolidation phase with signs of mixed momentum.

Structure & Formations

The 15-minute chart revealed a bullish engulfing pattern around 7:15 AM ET as price closed above the prior candle’s body after a sharp reversal from $0.3616 to $0.3755. Later in the day, a large bearish candle formed around 12:15 PM ET (closing at $0.3701), suggesting exhaustion in the upward move. Key support levels appear at $0.3630 (50% Fibonacci retracement of the morning high), $0.3530 (61.8% retracement), and $0.3360 (psychological and prior resistance-turned-support). Resistance levels are at $0.3790 (session high), $0.3820 (61.8% of the morning move), and $0.3900 (psychological).

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20-period EMA moved upward in sync with the price surge, crossing above the 50-period EMA around 7:30 AM ET. On the daily timeframe, the 50-period SMA remains above the 100- and 200-period SMAs, indicating a longer-term bullish bias. RSI peaked at 75 during the morning rally, signaling overbought conditions, while the MACD line crossed above the signal line, suggesting a bullish momentum shift — although this was later challenged by a bearish divergence as price pulled back.

Volatility and Volume Trends

Bollinger Bands showed a clear expansion during the morning surge, with price reaching the upper band at $0.3790. A contraction followed in the midday consolidation, suggesting potential for another move. Volume surged during the 7:15 AM to 8:00 AM ET rally, with the candle at 7:15 AM ET showing 296,640.4 volume — a 15x increase from the average. However, the bearish candle at 12:15 PM ET (volume: 287,948.2) confirmed the pullback. The price-volume relationship appears to be in sync, with no clear divergence detected yet.

Backtest Hypothesis

The absence of MACD data for CTK/USDT introduces a technical gap for traders relying on that indicator. A backtest strategy could focus on using the observed 15-minute bullish engulfing pattern and EMA crossover as entry triggers, paired with RSI and Bollinger Bands for confirmation. A potential proxy could be BTC/USDT, which historically has shown similar behavior during similar price surges. The hypothesis would be to enter long on a 20/50 EMA crossover with RSI < 30, exit when RSI > 70, and target the next Fibonacci resistance. This would need further validation with a full 15-minute dataset, ideally including MACD for confirmation.