Market Overview: ChainGPT (CGPTUSDT) — Bullish Rebound Amid Elevated Volatility

• ChainGPT (CGPTUSDT) closed near the 24-hour high, suggesting bullish momentum after a sharp rebound from 0.1055.
• A bullish engulfing pattern formed at 0.1066–0.1076, signaling potential continuation higher.
• Volume surged in the 13:00–15:00 ET window, coinciding with a 1.1% price rally, confirming strength.
• RSI moved into overbought territory, indicating caution for near-term pullbacks.
• Volatility expanded during the early morning hours, with Bollinger Bands widening in response to increased trading activity.

ChainGPT (CGPTUSDT) opened at 0.1116 on 2025-07-22 12:00 ET and closed at 0.1101 on 2025-07-23 12:00 ET, with a high of 0.1152 and a low of 0.1055. The 24-hour volume was approximately 10.2 million contracts, with a notional turnover of around $1.15 million.

Structure & Formations

The 24-hour period featured a strong bullish reversal at 0.1066–0.1076, marked by a bullish engulfing pattern. Key support levels include 0.1090 and 0.1075, while resistance is likely at 0.1130 and 0.1150. A 61.8% Fibonacci retracement from the 0.1055–0.1152 swing is at 0.1111, which CoinGPT has tested and held multiple times.

Moving Averages

On the 15-minute chart, the price has remained above the 20- and 50-period moving averages for most of the session, reinforcing the bullish bias. On the daily chart, the 50-period MA is at 0.1110, close to the 200-period MA at 0.1095, indicating a potential consolidation phase ahead.

MACD & RSI

The MACD line crossed above the signal line in the early morning hours, signaling a shift in momentum. RSI reached 68–70 by the end of the session, entering overbought territory, which may invite profit-taking or a pullback in the near term.

Bollinger Bands

Volatility expanded significantly during the 13:00–15:00 ET window, with Bollinger Bands widening to reflect increased price swings. The price closed near the upper band at 0.1152, suggesting a strong move driven by buying pressure.

Volume & Turnover

Volume spiked during the 13:00–15:00 ET window, coinciding with a 1.1% price rally, confirming the strength of the move. Notional turnover increased in line with price, with no significant divergence observed. The 24-hour volume was concentrated in the 13:00–16:00 ET period, reflecting heightened interest.

Fibonacci Retracements

The 38.2% and 61.8% retracement levels from the 0.1055–0.1152 swing are at 0.1101 and 0.1111, respectively. The price has shown some hesitation at 0.1111 in the past, which could become a key pivot for the next 24 hours.

ChainGPT may continue to consolidate above 0.1100 in the near term, with a potential test of 0.1130 as the next target. However, traders should remain cautious of a short-term pullback, especially with RSI in overbought territory. A break below 0.1090 could trigger renewed selling pressure.