Market Overview for Shentu/Tether (CTKUSDT) – September 14, 2025

• Shentu/Tether (CTKUSDT) traded in a narrow range with bearish momentum in the 24-hour period.
• A sharp 15-minute selloff below 0.3540 marked a key support level, with volume confirming bearish intent.
• Volatility expanded briefly around 0.3555–0.3600 before a pullback, suggesting possible range-bound action.
• RSI and MACD showed divergence in late hours, hinting at potential momentum exhaustion or reversal.
• The 24-hour notional turnover was $6.4 million, with peak activity observed during the early ET selloff.

Price Action Summary

Shentu/Tether (CTKUSDT) opened at $0.3538 on September 13 at 12:00 ET, reached a high of $0.3650, and fell to a low of $0.3488 before closing at $0.3529 on September 14 at 12:00 ET. The pair experienced a total trading volume of 979,270 tokens and a notional turnover of $6.4 million over the 24-hour window. Price action was characterized by a distinct consolidation pattern, punctuated by a bearish break below 0.3540.

Structure and Key Levels

A notable bearish breakout occurred during the early morning ET session when price closed below 0.3540 with strong volume, forming a key support level. On the upside, resistance formed around 0.3555–0.3600, where a bullish countertrend rally stalled due to thin order flow. A small bearish engulfing pattern appeared around 0.3550–0.3540, confirming short-term bearish bias. A long lower shadow at 0.3520 suggested a temporary pause in the downtrend.

Indicators and Momentum Analysis

The 15-minute RSI dipped below 30 at 0.3510, signaling oversold conditions, but failed to trigger a meaningful bullish reversal. MACD lines flattened near the zero line, with a bearish histogram forming in the morning session. This suggests that while the pair may remain range-bound, the bears are maintaining control in the near term. A minor bullish divergence appeared in late ET hours, suggesting potential for a countertrend rally.

Volatility and Volume

Volatility spiked between 00:15 and 02:30 ET, coinciding with a bullish rally to 0.3600 and a subsequent bearish pullback. The highest volume spike occurred at 00:15 ET, where 86,527.9 tokens traded as price surged to 0.3650. Despite the rally, notional turnover during this session remained in line with average levels, suggesting the move was not driven by large institutional inflows. A divergence between volume and price occurred during the afternoon ET session, where price fell but volume remained subdued, indicating possible exhaustion in the short-term downtrend.

Backtest Hypothesis

The backtesting strategy involves entering long positions when RSI dips below 30 and MACD forms a bullish divergence, with a stop-loss placed below a recent 15-minute low. This setup was observed in the early ET hours on September 14, with a long entry at 0.3510 and a stop-loss at 0.3490. The trade would have closed with a positive return as price rebounded toward 0.3525. Short-term traders may look to replicate this strategy in similar oversold conditions, provided volume confirms the reversal and a key support level holds.