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

Summary
• Price fell from 0.2775 to 0.2661 on 5-minute chart, with bearish momentum in early hours.
• Volume surged during breakdown at 0.27 and 0.2698, confirming bearish bias.
• RSI entered oversold territory near 0.2661, suggesting potential near-term bounce.
• Bollinger Bands showed increasing contraction as price drifted lower.

Shentu/Tether (CTKUSDT) opened at 0.2772 on 2026-01-14 12:00 ET, reaching a high of 0.2775 and a low of 0.2651, closing at 0.2713 on 2026-01-15 12:00 ET. Total volume was 1,227,041.5 and notional turnover was $326,392.42 over the 24-hour window.

Structure & Key Levels

Price action revealed bearish dominance from 0.2775 downward, with a strong breakdown at 0.27 and a subsequent support test at 0.2698. A large bearish engulfing pattern emerged around 0.27–0.2698, confirming the shift in sentiment. On the 5-minute chart, key resistance levels include 0.273 and 0.275, while 0.268 and 0.2661 appear as potential short-term support.

Volatility and Momentum

Volatility expanded early in the session as price dropped from 0.2775 to 0.2731, before contracting as the range between 0.27 and 0.268 stabilized. MACD lines remained bearish for most of the period, with a narrowing histogram suggesting potential momentum slowdown. RSI dipped into oversold territory near 0.2661, indicating a possible rebound could be on the horizon.

Bollinger Bands and Fibonacci Retracements

Price spent much of the session within the lower half of the Bollinger Band, with volatility narrowing as the session progressed. On the 5-minute chart, retracement levels at 0.273 (38.2%) and 0.2713 (61.8%) showed resistance and partial support, respectively. Daily Fibonacci levels suggest a possible consolidation near 0.273 before further movement.

Volume and Turnover Dynamics

Volume and turnover spiked during key breakdowns at 0.27 and 0.2698, with volume exceeding 70,000 during the 0.27–0.2698 move. Turnover remained proportionate with volume, with no significant divergence noted. Lower-volume consolidation in the 0.268–0.2661 range suggests reduced conviction in the bearish trend.

Price appears to be testing oversold levels and could attempt a short-term rebound from 0.2661–0.27. However, without a clear bullish reversal pattern or strong volume confirmation, the overall bias remains bearish. Investors should watch for a break above 0.273 as a potential entry trigger, but remain cautious of further consolidation or a test of 0.265 in the next 24 hours.