Market Overview for Nervos Network/Tether (CKBUSDT) - 2025-09-18

• Price surged from 0.005042 to 0.005279 before consolidating, with notable bullish momentum.
• Key resistance appears at 0.005280–0.005300, with support forming at 0.005240–0.005250.
• High volume and turnover concentrated during late ET hours, with a bullish engulfing pattern observed.
• RSI reached 58.5 (not overbought), while MACD showed positive divergence as price pulled back.
• Volatility increased during the 19:45–20:45 ET window, with Bollinger Bands widening.

Nervos Network/Tether (CKBUSDT) opened at 0.005042 on 2025-09-17 at 12:00 ET and closed at 0.005219 on 2025-09-18 at 12:00 ET. The 24-hour range was 0.005014 to 0.005279, with a total volume of 82.8 million CKB and a notional turnover of approximately $434,000.

The price action formed a key bullish engulfing pattern during the 19:45–20:00 ET window, where it surged from 0.005167 to 0.005197 in a high-volume environment. This was followed by a consolidation phase and a retest of 0.005240–0.005255, where the pair found support and reversed higher. The 15-minute chart shows a strong bullish bias, with the 20-period EMA currently above the 50-period EMA, suggesting a continuation of the upward trend.

Key support levels appear at 0.005240–0.005255, with a 61.8% Fibonacci retracement at 0.005250, aligning well with recent lows. On the upside, resistance is likely to form at 0.005280–0.005300, with the 38.2% Fibonacci level at 0.005278 acting as an initial test area. Bollinger Bands expanded during the 19:45–20:45 ET period, signaling increased volatility and higher trading interest.

The RSI on the 15-minute chart reached a peak of 58.5 during the consolidation phase and pulled back to 52.2, indicating moderate bullish momentum without reaching overbought territory. The MACD turned positive after 19:45 ET and showed a bullish divergence with price during the 02:00–03:00 ET consolidation, suggesting a potential continuation of the upward move. Volume remained elevated, particularly during the 03:30–04:30 ET and 05:30–06:30 ET windows, confirming the strength of the recent rally.

A forward-looking view suggests that CKBUSDT may test the 0.005280–0.005300 range over the next 24 hours, with a possible pullback toward 0.005240–0.005250 if volatility eases. A break above 0.005300 could trigger a retest of 0.005350, while a failure to hold above 0.005250 may result in a deeper correction. Investors are advised to monitor the 0.005250–0.005270 zone for potential short-term direction.

Backtest Hypothesis
A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern occurring after a pullback to the 20-period EMA and confirming with a close above the 50-period EMA. Stop-loss placement could occur below the 61.8% Fibonacci retracement of the recent low, while take-profit targets align with the 38.2% and 50% Fibonacci levels on the 15-minute chart. This strategy would require high volume and positive MACD confirmation to filter false breakouts and manage risk effectively.