Market Overview for ChainGPT/Tether (CGPTUSDT) – 2025-09-18

• Price climbed from $0.0933 to $0.0984 before consolidating near $0.0976.
• Momentum shifted from bullish to neutral, with RSI hovering near 60 and MACD flattening.
• Volatility surged during the rally, peaking with a 15-minute high of $0.0985 and a 38% increase in volume.
• Notional turnover reached $92.6M, with divergence between late-day price and volume suggesting potential topping behavior.

ChainGPT/Tether (CGPTUSDT) opened at $0.0933 on 2025-09-17 at 12:00 ET and reached a high of $0.0985 before settling at $0.0976 on 2025-09-18 at 12:00 ET. The pair traded between $0.0921 and $0.0985 over the 24-hour window. Total volume amounted to 10,638,362.7 contracts, with a notional turnover of $92.6 million.

The price action shows a clear bullish bias during the day, with strong buying pressure evident between 19:00 and 22:30 ET, where it climbed from $0.0941 to $0.0981. Key resistance levels emerged at $0.0964, $0.0973, and $0.0984, with the latter being the most recent. A bullish engulfing pattern was visible at the $0.0941–$0.0949 level, while a doji at $0.0979–$0.0981 suggested indecision among traders.

Support levels were observed at $0.0972, $0.0966, and $0.0961, the latter of which was tested twice during the day without breaking. The 20-period and 50-period moving averages on the 15-minute chart both trended upward, indicating a continuation of bullish momentum. However, the 50-period MA lagged behind, suggesting that the rally may be losing steam. On a daily basis, the 50-, 100-, and 200-period MAs were all bullish, reinforcing the idea of a medium-term upward trend.

The RSI reached 68 during the peak of the rally, signaling moderate overbought conditions but not extreme. The MACD line flattened near zero, while the histogram showed a bearish divergence, especially after the $0.0984 high. Bollinger Bands widened significantly during the rally, reflecting increased volatility, and the price settled near the upper band after the 19:00 ET surge, suggesting a possible reversion to the mean.

Fibonacci retracement levels applied to the $0.0933 to $0.0984 swing identified $0.0966 as the 38.2% level and $0.0955 as the 61.8% level. Both were respected by the price, with the 61.8% level acting as a temporary support and a bounce zone. Volume increased sharply during the rally, with the largest notional turnover occurring at $0.0979–$0.0981, but it subsequently declined, hinting at potential exhaustion.

Backtest Hypothesis
A potential backtesting strategy for CGPTUSDT could involve a Fibonacci retracement-based mean reversion approach, entering long at the 38.2% level ($0.0966) and exiting at the 61.8% level ($0.0955) or upon a break above the $0.0984 high. This strategy would pair with RSI and MACD divergence to confirm overbought conditions and potential trend reversals. Alternatively, a breakout strategy could target a break above $0.0984, with a stop-loss placed just below $0.0972, using Bollinger Bands as a volatility filter.