Market Overview for Shentu/Tether (CTKUSDT) as of 2025-12-08

Summary
• Price formed a bullish engulfing pattern near $0.2456 after a sharp rebound from $0.2422.
• RSI reached oversold levels (~28) before recovering, suggesting potential short-term buying interest.
• Volatility expanded during the 03:30–06:00 ET window, with volume peaking at 148,114.5.
• Bollinger Bands widened during the overnight session, indicating increased market uncertainty.
• A 61.8% Fibonacci retracement aligned with $0.247, currently acting as a key dynamic resistance.

Shentu/Tether (CTKUSDT) opened at $0.2456 on 2025-12-07 12:00 ET and closed at $0.2517 at 12:00 ET on 2025-12-08, reaching a high of $0.2548 and a low of $0.2422. Total volume amounted to 1,477,662.2 with notional turnover of $362,837.02 over the 24-hour window.

Structure & Formations

Price action displayed a strong bullish reversal signal near the $0.2456 level, as the candlestick closed above the prior bearish candle’s high—forming a bullish engulfing pattern. Earlier in the session, a sharp selloff to $0.2422 created a low that now serves as a 38.2% Fibonacci support level. A key 61.8% retracement at $0.247 appears to be offering resistance after a morning rebound.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are both rising, with price currently above both, suggesting bullish momentum. The daily chart shows a potential crossover on the 50/100-period lines, indicating a possible shift in near-term trend.

MACD & RSI

The RSI dropped into oversold territory (~28) during the session’s low before rebounding, suggesting potential short-term buying interest. The MACD showed a bullish crossover in the early morning hours, aligning with the price rebound. Momentum remains positive, though with diminishing acceleration in recent hours.

Bollinger Bands

Bollinger Bands expanded during the 03:30–06:00 ET window, reflecting heightened volatility following the morning recovery. Price has since retracted toward the upper band, suggesting the move could face resistance unless a new breakout occurs above $0.2548.

Volume & Turnover

Volume spiked sharply during the 03:30–06:00 ET period, with the highest turnover recorded at $0.2525 when price traded 148,114.5 units. The volume surge aligned with the price’s upward breakout, providing confirmation.

Fibonacci Retracements

Key Fibonacci levels are shaping the near-term structure. The 61.8% retracement at $0.247 is now acting as dynamic resistance, and a break above $0.2548 (the prior high) could bring the 78.6% level into focus at ~$0.257.

Price may test resistance at $0.2525 in the next 24 hours, with a break above that level potentially extending the move toward $0.2548. Traders should remain cautious of a pullback to the $0.247–0.2456 range, where key support levels are clustered.