Market Overview for ChainGPT/Tether (CGPTUSDT)

• • •
• Price action showed a bullish recovery from 0.0901 to 0.0924 with consolidation near key resistance.
• RSI and MACD indicated overbought conditions by 03:00 ET, followed by divergence in the morning.
• Volatility expanded mid-session, with volume peaking at 0.0915–0.0922 range.
• 0.0910 and 0.0915 acted as strong support and resistance, respectively, with mixed candlestick formations.
• Bollinger Bands widened as price touched upper band, indicating heightened volatility.

ChainGPT/Tether (CGPTUSDT) opened at 0.0907 on 2025-09-15 12:00 ET, reached a high of 0.0926, dipped to 0.0901, and closed at 0.0914 as of 2025-09-16 12:00 ET. Total volume amounted to 3,125,632.0 and notional turnover reached 279,643.6, reflecting moderate but active trading conditions.

Structure & Formations

The price formed a bullish breakout from the 0.0901–0.0907 range, followed by a consolidation near 0.0915–0.0922. A hanging man appeared at 0.0922 around 02:30 ET, suggesting bearish sentiment. A bullish engulfing pattern emerged at 0.0914–0.0918 at 01:30 ET, reinforcing short-term strength. A doji at 0.0916 on 2025-09-16 03:00 ET signals indecision, potentially indicating a pause before a directional move.

Moving Averages

The 15-minute chart shows the price oscillating around the 20-period and 50-period moving averages, with the 20-period rising above the 50-period in the late hours of 2025-09-15, forming a golden cross. The daily chart remains within the 50–200 EMA range, with the 100-period EMA at 0.0911 acting as a critical pivot.

MACD & RSI

MACD showed a bullish crossover at 20:45 ET on 2025-09-15, with a subsequent divergence by 03:15 ET suggesting weakening momentum. RSI reached overbought levels at 70+ by 02:15 ET and then declined toward neutral territory, indicating short-term exhaustion. RSI remains in a 48–65 range, suggesting continued bullish pressure but caution for overextended buying.

Bollinger Bands

Price hit the upper Bollinger Band at 0.0926 at 23:45 ET on 2025-09-15, followed by a pullback into the mid-band. The band width expanded as volatility increased, confirming heightened market activity. The lower band at 0.0906–0.0907 remained intact, offering strong short-term support.

Volume & Turnover

Volume surged to 302,187.4 at 01:30 ET on 2025-09-16, coinciding with the bullish breakout and confirming strength. Turnover peaked at the same time, showing alignment with price. However, volume dropped off sharply after 04:30 ET, suggesting potential exhaustion. A divergence between price and volume occurred after 05:00 ET, indicating caution.

Fibonacci Retracements

Applying Fibonacci to the 0.0901–0.0926 swing, key retracement levels include 0.0919 (38.2%) and 0.0912 (61.8%). The price is currently consolidating around 0.0915, which aligns with a 38.2% retracement, a potential area of interest for near-term action. A break above 0.0926 could target 0.0931 as a next Fibonacci extension.

Backtest Hypothesis

The proposed backtesting strategy targets bullish engulfing patterns that form near key support levels, specifically where the 20-period EMA crosses above the 50-period EMA (golden cross). Entries would occur after confirmation of the pattern with a stop below the engulfing pattern’s low. Targets include the 38.2% and 61.8% Fibonacci retracement levels. This aligns with today’s pattern at 0.0914–0.0918, where the golden cross and bullish engulfing pattern were both present. A stop-loss near 0.0910 could help manage downside risk while capturing the potential move to 0.0919–0.0922.