Market Overview for Nervos Network/Tether (CKBUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Jan 14, 2026 4:35 pm ET1min read
CKB
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Aime RobotAime Summary

- CKBUSDT formed a bullish engulfing pattern near 0.002880, supported by surging volume at 0.002900.

- RSI near overbought levels and contracting Bollinger Bands suggest potential breakout risks above 0.002910.

- Key support at 0.002870 aligns with 61.8% Fibonacci retracement, while 0.002920 remains critical for trend resumption.

- Price consolidation between 0.002870-0.002910 highlights short-term volatility, with volume dynamics determining next moves.

Summary
• Price formed a bullish engulfing pattern near 0.002880, suggesting potential reversal from a downtrend.
• Volume surged near 0.002900, confirming strength in the recent consolidation phase.
• RSI shows mild overbought conditions, suggesting short-term resistance may emerge near 0.002910.
• Bollinger Bands have contracted mid-day, hinting at a potential breakout.
• Key support holds near 0.002870, with 61.8% Fibonacci retracement aligning closely.

Nervos Network/Tether (CKBUSDT) opened at 0.002705 on 2026-01-13 12:00 ET, reached a high of 0.003121, a low of 0.002705, and closed at 0.002880 at 12:00 ET on 2026-01-14. Total volume for the 24-hour period was 504,730,963.0 and notional turnover was approximately 1,470,435.98 USD.

Structure and Key Levels


A bearish breakdown attempt was rejected around the 0.002880 level, where a bullish engulfing pattern emerged, indicating short-term support. Price later found resistance at 0.002910 and 0.002920, with a 61.8% Fibonacci retracement aligning near 0.002882. A key support zone appears to be forming around 0.002870, where price has previously found a floor.

Moving Averages and Momentum


Short-term 20-period and 50-period moving averages on the 5-minute chart show a bullish crossover as price consolidated above the 50-period. Daily 50/100/200-period lines remain bearish, with price below the 200-period line. The MACD has flipped bullish mid-day, while RSI is approaching overbought territory, suggesting caution near 0.002910.

Volatility and Bollinger Bands


Bollinger Bands have tightened significantly around 0.002890–0.002900, indicating a potential breakout phase. Price remains within the upper band, and the band width contraction implies a possible increase in volatility in the near term.

Volume and Turnover


A sharp increase in volume occurred near 0.002900 during the 22:15–00:45 ET period, coinciding with a strong price rally. Notional turnover confirmed the buying pressure during this phase, with no clear divergence between volume and price observed.

Fibonacci and Trend Implications


The 61.8% Fibonacci level at 0.002882 has acted as a key support and potential area for further consolidation. The 38.2% level at 0.002896 may serve as a near-term resistance. A break above 0.002920 could signal a resumption of the uptrend, but a retest of 0.002870 remains a critical risk level.

The price may continue to consolidate within the 0.002870–0.002910 range in the next 24 hours, with a potential for a breakout or reversal depending on volume dynamics. Investors should monitor the 0.002880 level for signs of further support and the 0.002910 for early resistance. As always, sudden macroeconomic events or regulatory news could shift the risk profile.