Market Overview: ChainGPT/Tether (CGPTUSDT) on 2025-12-17

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 17, 2025 9:04 pm ET1min read
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Aime RobotAime Summary

- ChainGPT/Tether (CGPTUSDT) fell to $0.0299 from $0.0316, forming bearish engulfing and doji patterns at key resistance levels.

- Volatility spiked sharply between 14:00-17:00 ET with 9.1M contracts traded, confirming bearish momentum despite RSI nearing oversold territory.

- Bollinger Bands widened as prices approached lower bands, while 50/200-period moving averages converged, signaling potential trend shifts.

- Fibonacci retracement levels at $0.0305-0.0308 suggest possible short-term consolidation, but further declines to $0.0304-0.0305 could reinforce bearish bias.

Summary
• Price declined from $0.0316 to $0.0299, forming bearish engulfing and doji patterns near key levels.
• Volatility expanded significantly in the latter half of the day with heavy volume spikes.
• RSI approached oversold territory, but divergence suggests momentum remains bearish.

ChainGPT/Tether (CGPTUSDT) opened at $0.0314 on 2025-12-16 at 12:00 ET, peaked at $0.0316, dipped to $0.0294, and closed at $0.0299 at 12:00 ET on 2025-12-17. Total 24-hour volume reached approximately 9.1 million contracts, with a turnover of $291,659.

Structure & Formations


Price action showed bearish dominance with bearish engulfing and doji patterns forming at key resistance levels such as $0.0316 and $0.0314. These patterns suggest a loss of buying momentum and potential short-term support at $0.0306–$0.0308.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages trended downward, reinforcing bearish bias. The daily chart showed the 50- and 200-period moving averages converging, hinting at possible consolidation or a shift in trend.

MACD & RSI


The MACD turned negative and remained bearish, with a narrowing histogram signaling reduced selling pressure. RSI reached oversold territory near 27 in the final hours, yet it failed to spark a rebound, indicating a continuation of downward bias.

Bollinger Bands


Volatility expanded sharply from 14:00 to 17:00 ET, pushing price near the lower band of the Bollinger Bands.
The widening bands confirm increased market uncertainty and potential for a continuation move or pullback.

Volume & Turnover


Volume surged during the sell-off, particularly after 14:00 ET, with turnover increasing in line with declining prices. Divergence between volume and price did not appear significant, suggesting conviction in the bearish move.

Fibonacci Retracements


Key Fibonacci levels of 38.2% and 61.8% (based on the $0.0316–$0.0294 range) sit near $0.0308 and $0.0305, respectively. Price stalled around $0.0306–$0.0308 before continuing lower, indicating a possible short-term bounce or consolidation in that range.

Looking ahead, a test of $0.0304–$0.0305 could confirm bearish momentum, but traders should remain cautious of a potential bounce amid oversold conditions. Market sentiment appears fragile, and unexpected macroeconomic news could trigger rapid reversals.