Market Overview for Shentu/Tether (CTKUSDT): 24-Hour Technical Breakdown

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Sunday, Jan 18, 2026 3:34 pm ET1min read
CTK
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Aime RobotAime Summary

- Shentu/Tether (CTKUSDT) fell to $0.2686, forming a bearish 5-minute engulfing pattern after opening at $0.2693 on Jan 18, 2026.

- RSI hit 19.4 (oversold), while Bollinger Bands contracted mid-session, signaling reduced volatility before a potential rebound.

- Volume spiked post-midnight, confirming downward momentum, but uneven turnover suggested fragmented buying interest.

- Key support at $0.2675 and resistance at $0.2690 identified via Fibonacci retracements, with RSI-price divergence warranting caution.

Summary
• Price declined from $0.2702 to $0.2686, showing bearish momentum with a key 5-minute bearish engulfing pattern.
• RSI suggests oversold conditions, with price near 20, potentially indicating a short-term bounce.
• Bollinger Bands show mild contraction in mid-session, hinting at reduced volatility before afternoon rebound.
• Volume surged after 00:00 ET, confirming downward movement but showing uneven turnover.
• Fibonacci retracements indicate critical support near $0.2675 and possible resistance at $0.2690.

At 12:00 ET on January 18, 2026, Shentu/Tether (CTKUSDT) opened at $0.2693, reached a high of $0.2702, touched a low of $0.2660, and closed at $0.2686. Total volume for the 24-hour period was 748,189.5, with notional turnover of $198,839.25.

Structure and Formations


Price action formed a bearish 5-minute engulfing pattern around 00:00 ET as prices fell from $0.2692 to $0.2667. This was followed by a brief rebound toward $0.2696 in the morning hours. The overall trend remained bearish, with key support levels identifiable at $0.2675 and resistance at $0.2690, as defined by Fibonacci retracements of recent swings.

Moving Averages and Momentum


On the 5-minute chart, the 20- and 50-period moving averages both trended downward, confirming the bearish bias. The 20-period MA crossed below the 50-period MA in the early hours, reinforcing the short-term downtrend. RSI dropped to a 19.4 level near 00:15 ET, signaling oversold conditions and a potential short-term bounce, though divergence between price and RSI suggests caution.

Volatility and Bollinger Bands


Bollinger Bands showed a moderate contraction between 03:00 and 04:00 ET, indicating a lull in volatility before a sharp move lower. Price closed near the lower band during this period, supporting the bearish setup. However, the recent rebound brought prices closer to the middle band, suggesting potential mean reversion.

Volume and Turnover Dynamics


Volume surged after midnight, with a peak of 25,436.7 at 00:30 ET, confirming the downward leg of the move. Turnover also spiked during this period, but the pattern was uneven, with some hours showing high volume without significant price change. This suggests fragmented buying interest and possible exhaustion of short-term bear momentum.

Looking ahead, a test of the $0.2675 support level could trigger further selling pressure, while a rebound above $0.2690 may indicate a reversal. Investors should monitor for divergence between RSI and price as well as any expansion in Bollinger Band width, which could signal a breakout or breakdown. As always, volatility is high, and positions should be managed with caution.