Market Overview for Shentu/Tether (CTKUSDT)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Saturday, Dec 6, 2025 4:42 pm ET1min read
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- Shentu/Tether (CTKUSDT) tested $0.249 resistance, forming bearish reversal patterns after failing to sustain above $0.2505.

- RSI neared overbought levels (69) while volume spiked during the rally but declined, signaling potential momentum exhaustion.

- Bollinger Bands expanded during the bullish move, with price repeatedly testing the upper band without breaking through.

- Key Fibonacci supports at $0.248 (38.2%) and $0.246 (61.8%) could determine near-term direction if the $0.2505–$0.2515 range breaks.

- Mixed technical signals suggest traders should monitor volatility and potential bearish shift if $0.248 support fails.

Summary
• Price tested key resistance near $0.249 and pulled back, forming potential bearish reversal patterns.
• RSI entered overbought territory late in the day, suggesting momentum could stall.
• Volume surged during the bullish push but declined afterward, indicating possible exhaustion.
• Bollinger Bands expanded during a strong move up, reflecting heightened volatility.
• Fibonacci retracement levels at 0.248 and 0.246 may act as near-term supports.

Shentu/Tether (CTKUSDT) opened at $0.2455, reached $0.2518, and closed at $0.2515 at 12:00 ET. Total volume was 117,034 units, with a 24-hour turnover of $28,983.

Structure & Formations


The 24-hour chart showed a bullish breakout attempt from a consolidation phase between $0.247 and $0.2495, but price failed to sustain above $0.2505. A bearish engulfing pattern formed around $0.2496, suggesting potential reversal if the level breaks. Key support levels appear to be at $0.248 (38.2% Fib) and $0.246 (61.8% Fib).

Technical Indicators


MACD showed a bullish crossover earlier in the day, but it flattened as momentum slowed.
RSI peaked at 69, nearing overbought territory, indicating a potential correction. The 20-period moving average on the 5-minute chart crossed above the 50-period line, confirming a short-term bullish bias.

Volatility and Volume


Bollinger Bands widened significantly during the bullish move, pointing to increased volatility. Price tested the upper band multiple times but failed to break through. Volume spiked during the rally to $0.2508 and dropped off afterward, suggesting buyers may be running out of steam.

Fibonacci Retracements


Recent swings on the 5-minute chart showed price testing the 61.8% Fibonacci level at $0.2483 before bouncing back. On the daily chart, a 38.2% retracement level at $0.2477 could be a potential support for the next 24 hours.

Over the next 24 hours, Shentu/Tether appears to be testing a key resistance area with mixed signals from momentum indicators. Traders may want to monitor the $0.2505–$0.2515 range for potential direction, but a breakdown below $0.248 could shift the tone to bearish.