Market Overview for Nervos Network/Tether USDt (CKBUSDT)

• Price advanced ~0.89% on strong volume in final 6 hours.
• MACD showed bullish divergence with price during consolidation.
• Bollinger Bands indicate moderate volatility with price near upper band.
• On-balance volume confirmed price strength during breakout.
• RSI remains in neutral territory, no overbought/oversold signals.

Nervos Network/Tether USDt (CKBUSDT) opened at $0.004975 on 2025-09-09 at 12:00 ET and closed at $0.005074 on 2025-09-10 at 12:00 ET. The pair reached a high of $0.00513 and a low of $0.00496 during the 24-hour window. Total volume was 158,954,783.0, and notional turnover was $798,033.

Structure & Formations

The 24-hour period revealed a strong ascending structure, with key support forming at $0.00496–0.00498 and resistance at $0.00502–0.00505. A bullish engulfing pattern emerged around 09:30–09:45 ET, signaling a short-term shift in sentiment. Later in the day, a series of bearish harami patterns during the 15:00–16:00 ET window indicated cautious positioning.

A critical breakout occurred at $0.00506, which was followed by a brief consolidation at $0.00505–0.005065. A small doji near $0.00505 at 14:45 ET suggests indecision among traders before the next upward thrust.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned around $0.00501–0.00503, with price consistently trading above both. This suggests a continuation of the short-term uptrend. On the daily chart, the 50- and 100-period moving averages were in a bullish alignment, while the 200-period lagged slightly behind, indicating a medium-term bull trend.

The 15-minute MACD (12, 26, 9) crossed above the signal line at $0.0000010 around 14:00 ET and remained in positive territory for the remainder of the session, confirming bullish momentum. RSI remained in the mid-50s, suggesting no overbought conditions. A divergence between the MACD and price occurred during the 09:30–10:00 ET consolidation phase, signaling potential for a continuation of the rally.

Bollinger Bands and Volatility

Bollinger Bands expanded during the morning session and contracted briefly around 08:00–09:00 ET, suggesting a period of consolidation. Price remained above the 20-period middle band for much of the session and spent several intervals near the upper band, especially after the breakout at $0.00506. The most notable expansion occurred from 14:00–15:30 ET as volatility increased with the upward move.

Backtest Hypothesis

A backtest strategy could be built on the observed bullish engulfing pattern and the subsequent breakout at $0.00506. Using a 15-minute chart with RSI and MACD as confirmatory signals, a long entry could be triggered on the close of the bullish engulfing candle, with a stop loss placed below the low of the pattern ($0.00496). A take-profit target could be set at the 61.8% Fibonacci retracement level of the swing from $0.00496 to $0.00506, near $0.00505–0.00506. Given the confirmed breakout and MACD divergence, this setup could offer a favorable risk-reward profile for the next 24 hours.

The strategy would benefit from real-time volume monitoring—particularly if volume spikes above the 20-period average during the breakout phase, as this would increase confidence in the trade signal.

The pair appears poised to test $0.00510–0.00512 in the next 24 hours, with the 15-minute RSI suggesting no immediate overbought conditions. However, traders should remain cautious of potential pullbacks to the $0.00504–0.00505 range and monitor the 50-period moving average for continued bullish confirmation.