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Summary
• Shentu/Tether tested key resistance at 0.2678, forming a bearish reversal pattern.
• Price fell below 20/50-period moving averages, signaling short-term bearish momentum.
• Volatility surged with a 0.2734 high but closed near 0.2642, showing indecision.
• RSI entered neutral territory, suggesting consolidation may follow.
• Turnover spiked early, but volume waned, hinting at weakening conviction in recent moves.
The 24-hour period for Shentu/Tether (CTKUSDT) began with an open of 0.2622 at 12:00 ET–1 and reached a high of 0.2734 before closing at 0.2642 at 12:00 ET. Total volume was 2,543,434.4, with notional turnover of approximately $654,298.76.
Structure & Moving Averages
Price showed a bullish attempt near 0.2678, but a bearish rejection followed, pulling back to 0.2642. The 20 and 50-period moving averages on the 5-min chart remain above current levels, suggesting downward momentum could persist in the near term.

Momentum and RSI
RSI fluctuated between overbought and neutral territory, peaking near 70 before retreating to around 50, suggesting momentum has slowed and consolidation may be in play. MACD remains bearish with the line below the signal line, and no clear divergence has emerged yet.
Volatility and Bollinger Bands
Volatility expanded early in the session as price hit 0.2734, pushing above the upper Bollinger Band before retreating into the mid-range. A contraction in the band width is expected as price consolidates between 0.263 and 0.266, suggesting lower volatility ahead.
Volume and Turnover
Volume spiked early on during the push to 0.2734, but declined significantly after 00:00 ET, suggesting waning conviction. Notional turnover followed a similar pattern, confirming reduced buying pressure. Price and turnover remain in line, showing no divergence at this time.
Fibonacci Retracements
A key 38.2% Fibonacci retracement level appears near 0.2644, where price has found support on several occasions. A break below 0.261 could push the pair toward the 61.8% level at 0.2598.
Looking ahead, the immediate focus is on 0.266–0.267 as a potential near-term ceiling. A failure to hold above 0.263 could trigger further downside. Investors should monitor volume behavior for signs of strength or capitulation in the coming 24 hours.
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