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Summary
• Price tested a critical support near $0.0344 before rebounding.
• Volume surged during the late ET hours, aligning with price action.
• RSI entered oversold territory, hinting at potential short-term bounce.
ChainGPT/Tether (CGPTUSDT) opened at $0.03534 on 2026-01-12 12:00 ET, hit a high of $0.03609, a low of $0.0343, and closed at $0.03572 at 2026-01-13 12:00 ET. Total volume was 19.46 million, with $681,790 in notional turnover.
Structure & Key Levels
Price experienced a sharp descent in early trading, reaching a support cluster near $0.0344–$0.0346, where it found temporary buyers. A bullish engulfing pattern formed after the $0.0344 test, suggesting short-term reversal potential. Resistance appears clustered near $0.0356–$0.0358, where multiple candlestick closes and a doji indicate hesitancy from longs.
Moving Averages and Momentum

Volatility and Bollinger Bands
Volatility expanded significantly during the price pullback, with Bollinger Bands widening after 20:00 ET. Price spent the last 4–5 hours of the window trading near the upper band, suggesting a potential overextension.
Volume and Turnover Dynamics
Volume and turnover surged in the early morning and late ET hours, particularly during the rebound from $0.0344. The divergence between price and volume in the early hours indicated uncertain sentiment, while the late ET confirmation suggested stronger conviction in the upward move.
Fibonacci and Retracement Levels
The $0.0344 support aligns closely with the 61.8% Fibonacci retracement of the $0.03515–$0.03609 move. A pullback to this level may find renewed demand. The 38.2% retracement at $0.0355 is also showing signs of resistance as a short-term ceiling.
Outlook and Risk
The near-term outlook appears cautiously bullish, with price showing signs of stabilizing above key support. However, a break below $0.0344 could reignite bearish sentiment. Investors should monitor volume divergence and RSI divergence for early reversal signals.
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