Shentu/Tether (CTKUSDT) Market Overview – 24-Hour Technical Summary

• Shentu/Tether (CTKUSDT) fell 5.17% over the 24 hours, closing below key support levels
• High volatility seen with a 1.44% range and sharp volume increase during the overnight sell-off
• RSI signaled overbought conditions earlier, followed by a bearish divergence
• MACD turned negative with bearish crossover, reinforcing downward momentum
• Bollinger Band contraction early preceded the break lower, suggesting range exhaustion

Shentu/Tether (CTKUSDT) opened at $0.3665 on October 13, 2025 (12:00 ET – 1), reached a high of $0.3935 before closing at $0.3585 on October 14 (12:00 ET), marking a 24-hour decline of 5.17%. Total volume for the period was 1.38 million contracts, with $394,465 in notional turnover. The price action displayed a bearish reversal, particularly between 00:15 and 01:15 ET, when the pair dropped nearly 5% amid high volume and widening spreads.

The 15-minute 20-period SMA dipped below the 50-period SMA late in the session, signaling a bearish trend. On the daily chart, the 50-period SMA is also below the 100- and 200-period lines, reinforcing the longer-term weakness. Key support levels emerged at $0.3505 (38.2% Fib of the overnight drop) and $0.3480 (61.8% Fib), where a bounce or rejection may define short-term direction.

MACD turned negative after a bearish crossover occurred at 00:30 ET, aligning with the sharp price drop. RSI entered overbought territory during the early morning rebound but failed to maintain above 60, signaling waning buying pressure. Bollinger Bands contracted during the early part of the session before the price broke below the lower band, indicating a possible exhaustion of the prior range and entry into a new directional phase.

Volume surged overnight, particularly between 00:15 and 02:00 ET, with the largest 15-minute volume spike occurring at 00:15 ET (278k contracts). The divergence between price and volume during the later sell-off suggests a lack of conviction in the move lower, which could hint at potential consolidation or a test of key supports.

Backtest Hypothesis
The proposed backtest strategy relies on identifying the Bullish-Engulfing pattern—a reversal candlestick formation indicating potential upward momentum—on a daily or 15-minute chart. The strategy would be applied using the CTK/USDT pair (CTKUSDT), as per the provided 15-minute OHLCV data. A backtest would involve detecting every Bullish-Engulfing pattern in the provided dataset and applying a 10-day holding period from the time of confirmation. This approach could validate the pattern’s effectiveness in identifying short-term buying opportunities in Shentu/Tether’s volatile price structure.