ChainGPT (CGPTUSDT) Market Overview: 24-Hour Price Action Analysis

• ChainGPT declined by 7.2% over the last 24 hours, closing near a psychological support level of $0.0905.
• A bearish divergence appears in RSI and MACD, suggesting momentum favors further downside.
• Volatility spiked during the Asian session, with a large 15-minute candle on 1945 ET reflecting panic selling.
• Price has bounced off the 20-period Bollinger Band support on the 15-minute chart, signaling short-term stabilization.
• Key Fibonacci support at $0.0896 is in play, with a potential reversal if buyers defend this level.

ChainGPT (CGPTUSDT) opened at $0.0951 on 2025-08-24 12:00 ET, reaching a high of $0.0995 and a low of $0.0892 before closing at $0.0905 on 2025-08-25 12:00 ET. Total 24-hour volume was 13,662,654.0 tokens, with notional turnover of $1,234,570. The decline appears driven by a sharp selloff from $0.0995 to $0.0905 within four hours on 1945 ET.

Structure & Formations

The price of ChainGPT formed a bearish engulfing pattern on the 15-minute chart at $0.0995, signaling a shift in sentiment. Price then traced lower, forming a large bearish candle with a wide range (0.0948 to 0.0995) during the Asian session. A potential support line forms around the 0.0905–0.0903 range, with a bullish hammer forming on 07:45 ET. Key resistance levels now lie at $0.0935 and $0.0955.

Moving Averages

On the 15-minute chart, price is below both the 20-EMA and 50-EMA, indicating bearish bias. For the daily chart, the 50, 100, and 200-day SMAs are not available for this timeframe, but the 20-EMA on the 15-minute chart sits at approximately $0.0932, suggesting further downside potential if the short-term trend continues.

MACD & RSI

The MACD line turned negative and crossed below the signal line during the early Asian session, indicating bearish momentum. RSI has fallen into oversold territory (around 25–28), but has not yet triggered a reversal signal. A divergence between price and RSI suggests further weakness could follow unless buyers step in at key levels.

Bollinger Bands

Volatility expanded sharply during the selloff, with price dropping to the lower Bollinger Band on the 15-minute chart. The band width widened to 1.8% at the peak of the sell-off, indicating heightened uncertainty. Price has since retraced into the middle band, with a potential short-term bounce likely if volume increases.

Volume & Turnover

A large volume spike of 2,628,590.7 tokens occurred at 1945 ET, coinciding with a sharp drop in price from $0.0995 to $0.0974. This suggests panic selling. Notional turnover during that hour reached $255,000, the highest of the 24-hour period. A bearish divergence exists between volume and price: as price continued to fall after 20:00 ET, volume declined, signaling weakening bearish conviction.

Fibonacci Retracements

Key Fibonacci levels from the recent swing high at $0.0995 to the low at $0.0892 include 38.2% at $0.0945 and 61.8% at $0.0903. The 61.8% level is currently being tested, with price closing near that level. If buyers defend $0.0903–$0.0905, a short-term bounce toward $0.0935 could follow. A break below $0.0903 would confirm a deeper decline toward $0.0885.

Over the next 24 hours, ChainGPT may test the $0.0903–$0.0905 support zone, with a positive close above $0.0910 potentially signaling a short-term rebound. However, a sustained break below $0.0903 could increase bearish pressure toward $0.0885. Investors should closely monitor volume and RSI for reversal signals, as divergences suggest the move lower may not be over.