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Summary
• Price opened at $0.03413 and closed at $0.03490, showing a bullish bias with a 2.26% gain.
• A sharp bullish reversal pattern emerged from 08:30 to 09:30 ET, coinciding with a massive volume spike.
• RSI rose into overbought territory by 10:00 ET, signaling potential momentum exhaustion.
• Bollinger Bands widened during the rally, reflecting increased volatility.
• Volume surged over 8.5 million at 08:30 ET, confirming strong buying pressure.
ChainGPT/Tether (CGPTUSDT) opened at $0.03413 (12:00 ET − 1) and closed at $0.03490 (12:00 ET), reaching a high of $0.03655 and a low of $0.03315. Total volume over 24 hours was 57,698,877.1, with a notional turnover of $1,956,052.6.
Structure & Price Action
Price found key support near $0.03342 during early trading, followed by a strong bullish breakout beginning at 08:30 ET. A large bullish engulfing candle formed at this time, confirming a shift in sentiment. Resistance was observed at $0.03555 and $0.036, where price stalled briefly before consolidating.
Indicators and Momentum

Volatility and Bollinger Bands
Bollinger Bands expanded during the 08:30–09:30 ET window, in line with the breakout, and price remained near the upper band for several hours. A contraction in band width was observed during consolidation, signaling a potential breakout or breakdown event ahead.
Volume and Turnover
Volume surged to over 8.5 million at 08:30 ET, the largest 5-minute bar of the day, confirming the strength of the breakout. Turnover also spiked, showing no significant divergence with price. However, volume decreased during the afternoon consolidation, suggesting fading momentum.
Fibonacci Retracements
A key 5-minute swing from $0.03315 to $0.03655 was followed by a pullback to $0.03502, landing near the 61.8% retracement level. This suggests potential support for the near term.
Given the strong reversal and divergence in RSI, ChainGPT/Tether may consolidate or face a short-term pullback. Investors should watch for a break of $0.03502 or $0.0358 for further direction. Volatility remains elevated, and sharp moves in either direction are possible.
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