Market Overview for Nervos Network/Tether (CKBUSDT) on 2025-09-14

• Nervos Network/Tether (CKBUSDT) declined 24 hours amid bearish momentum and high volatility.
• Key support tested at 0.005511–0.005575, with bearish volume clustering below 0.0056.
• RSI approached oversold conditions, hinting potential near-term reversal possibilities.
• High-volume divergence near 0.005648–0.005694 suggests bearish exhaustion or possible bounce.

Nervos Network/Tether (CKBUSDT) opened at 0.005698 on 2025-09-13 at 12:00 ET, reached a high of 0.005757, and closed at 0.00555 at the same time on 2025-09-14. The pair fell 4.38% in the 24-hour period. Total volume was 568,708,630, and notional turnover (amount × price) was approximately $3,163,634.

Structure & Formations

The 15-minute chart revealed a strong bearish bias, with price dropping from a high of 0.005757 to a low of 0.005511. A notable bearish engulfing pattern formed around 22:15 ET on the 13th, signaling a likely continuation of the downtrend. Price has since found support near 0.005511 and 0.005575, forming a potential short-term base. A doji formed near 0.005574 at 06:45 ET on the 14th, hinting at indecision and a potential reversal or consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are bearishly aligned, with the 20 MA at ~0.00565 and the 50 MA at ~0.00563. The pair is well below both, reinforcing bearish momentum. On a daily scale, the 50/100/200-period moving averages are likely in a descending order, confirming the broader bearish bias.

MACD & RSI

The MACD is in negative territory, with the signal line crossing below the histogram, reinforcing a bearish outlook. RSI reached ~27 by 06:00 ET on the 14th, indicating oversold conditions and a potential bounce within the short term. However, RSI remains below 50, keeping the bias bearish.

Bollinger Bands

Price has been trading near the lower Bollinger Band for much of the 24-hour period, indicating high volatility and bearish pressure. The bands have widened in response to the sharp decline, with a potential for a rebound within the next 12–24 hours if buyers step in near key support levels.

Volume & Turnover

The highest volume spike occurred at 18:30 ET on the 13th (44.78 million units), coinciding with a sharp drop from 0.00559 to 0.005668. A divergence in volume and price is evident near 0.005648–0.005694, where volume decreased during the decline, suggesting bearish exhaustion. Total turnover increased by ~50% from 0.005648 to 0.005511, aligning with the bearish move.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from 0.005757 to 0.005511, the 61.8% retracement is around 0.005632. This level has acted as a minor resistance and support in the last 48 hours. On the daily scale, the 38.2% retracement from a recent high is near 0.00566, which traders may watch for potential short-term bounces.

Backtest Hypothesis

A potential backtesting strategy could involve a mean-reversion approach, entering long positions when RSI dips below 30 and price touches the lower Bollinger Band, with a stop-loss below the next Fibonacci level and a target at the 50-period moving average. The doji and oversold RSI observed near 0.005574 may provide a valid entry point. If volume confirms the bounce and price breaks above the 20-period MA, this could signal a short-term reversal.

Looking ahead, CKBUSDT could test the 0.005511–0.005575 support range again over the next 24 hours. A break below 0.005511 could extend the decline toward 0.005450–0.005480. Traders should monitor RSI for overbought/oversold cues and volume for confirmation of any reversal attempt. Risk remains to the downside, and caution is advised until a clear bullish signal emerges.