Market Overview: Nervos Network/Tether (CKBUSDT) – October 26, 2025

• Nervos Network/Tether (CKBUSDT) traded in a narrow 0.003261–0.003399 range over 24 hours, closing near 0.003368.
• A bullish reversal emerged in early morning hours, with price testing 0.003261 support before rebounding sharply.
• Volume spiked during 0.003329–0.003369 rally, confirming strength in the recovery phase.
• RSI entered overbought territory late afternoon, signaling potential short-term resistance.
• Volatility increased as Bollinger Bands widened, suggesting heightened interest and mixed sentiment.

The 24-hour trading session for Nervos Network/Tether (CKBUSDT) began at 0.003312 on October 25 at 12:00 ET and closed at 0.003368 on October 26 at the same time. The pair reached a high of 0.003399 and a low of 0.003261, with total volume of 72,453,018.0 and notional turnover of approximately $241,133 (assuming $1 = 1 unit of Tether). The price action showed a modest upward bias after a morning correction.

Under the 15-minute OHLCV dataset, key support levels appeared at 0.003261–0.003271, with a strong bounce observed at the lower end of this range. Resistance emerged at 0.003354–0.003399, particularly after a bullish engulfing pattern formed around 11:45 ET. Several doji and spinning top patterns indicated indecision near turning points, while a morning bearish reversal (inverted hammer) at 0.003271 gave way to a strong rebound later in the session.

The 20-period and 50-period moving averages on the 15-minute chart crossed over multiple times, suggesting choppy momentum. On the daily chart, the 50-EMA crossed above the 200-EMA just before the 24-hour period, hinting at a potential longer-term bullish bias. The MACD line crossed into positive territory during the afternoon, aligning with a price rally, while the RSI peaked above 70 in the final hours, indicating overbought conditions.

Bollinger Bands widened significantly during the late-night to early morning hours, reflecting increased volatility following the support test. The price spent most of the session inside the bands but briefly touched the upper boundary in the final hours, suggesting a potential short-term peak. Fibonacci retracement levels from the October 25 low to the October 26 high showed that the price stalled near the 61.8% level at 0.003369, indicating a possible area of consolidation or reversal.

The MACD and RSI divergence during the early morning rebound—where momentum surged ahead of price—suggests strong buying pressure. However, the overbought RSI reading at the close and stalled Fibonacci level raise caution for further upward movement. Short-term traders may watch for a break above 0.003369 or a rejection near it, while long-term investors could see the morning support test as a bullish sign if it holds. As always, volatility and market sentiment can shift rapidly.

Backtest Hypothesis
A potential backtest could leverage the MACD and RSI indicators, as seen in the above analysis. A sell signal could be generated during a MACD death-cross (bearish crossover) coinciding with an RSI above 70, indicating overbought conditions and potential exhaustion of the bullish move. For position closure, a practical rule might be to close the trade when a MACD golden-cross (bullish crossover) occurs, or after holding for 10 trading days—whichever comes first. This approach balances momentum-based entries with a time-based exit to avoid drawdowns. A backtest using this strategy on the recent CKBUSDT data could provide insights into its robustness under recent market conditions.