Market Overview for Nervos Network/Tether (CKBUSDT) on 2025-12-14

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 14, 2025 3:35 pm ET2min read
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Aime RobotAime Summary

- CKBUSDT fell 1.6% to 0.002541 over 24 hours amid bearish engulfing patterns and failed resistance tests at 0.002585-0.002605.

- RSI neared oversold levels (28) while MACD maintained bearish divergence, with price breaking below 20SMA/50SMA on 5-minute charts.

- Volatility tightened before a sharp breakdown to 0.002538, with Bollinger Bands confirming consolidation and bearish bias.

- Key support at 0.00253-0.00254 faces testing, with Fibonacci 61.8% at 0.002565 failing to halt the decline despite elevated volume.

Summary
• Price action showed bearish momentum with a 1.6% decline from 0.002571 to 0.002541 over 24 hours.
• Volume surged at 0.002585–0.002605 before retreating, suggesting short-term profit-taking.
• RSI hovered near oversold territory, while MACD remained bearish with no clear reversal signal.
• Bollinger Band contraction in the early session signaled consolidation ahead of a sharp break lower.
• A bearish engulfing pattern formed near 0.002584, reinforcing short-term downside bias.

Market Overview

Nervos Network/Tether (CKBUSDT) opened at 0.002571 on 2025-12-13 12:00 ET, reaching a high of 0.002621 before closing at 0.002541 on 2025-12-14 12:00 ET. Total volume reached 59,998,353.0 units, with notional turnover of approximately $152,264. The 24-hour period saw heightened volatility and a sharp pullback from recent highs.

Structure & Formations

Price initially tested a key resistance cluster between 0.002585 and 0.002605, failing to sustain above. A bearish engulfing pattern developed near 0.002584, reinforcing bearish sentiment. The 0.002571 level acted as a temporary floor, but selling pressure intensified after 21:00 ET on 2025-12-13, leading to a breakdown to 0.002538. Notable support appears at 0.00253–0.00254, where the price found some respite before the end of the 24-hour period.

Moving Averages

On the 5-minute chart, the price broke below both 20SMA and 50SMA, reinforcing the bearish trend. On the daily chart, while not fully visible for the current day, the 200DMA appears to be slightly above current levels, suggesting potential bearish divergence.

Momentum Indicators

RSI reached oversold territory near 28 late in the session, but without a strong reversal signal, this is more indicative of exhaustion than a bullish setup. The MACD line remained below the signal line throughout the 24 hours, with bearish divergence seen in the histogram as price continued to fall.

Volatility and Bollinger Bands

Volatility tightened in the first few hours of the session, with the price consolidating within the Bollinger Bands. A sharp break to the downside followed, with the close settling near the lower band, suggesting weak momentum in the near term.

Volume and Turnover Analysis

Volume spiked during the rally to 0.002621, but turnover failed to confirm strength, indicating distribution rather than accumulation.

As the price declined, volume remained elevated, supporting the validity of the breakdown.

Fibonacci Retracements

Key Fibonacci levels on the 5-minute swing from 0.002538 to 0.002621 include 38.2% at 0.002582 and 61.8% at 0.002565. The price tested both levels during its decline but failed to find support at 61.8%, reinforcing bearish bias.

The recent pullback suggests that momentum is shifting to the downside, with key support near 0.00253–0.00254 likely to be tested in the next 24 hours. Traders may watch for a rejection or break below this level as a signal for further declines. As always, the risk of a sharp reversal remains, particularly if volume increases at lower levels.