Shentu/Tether Market Overview for 24-Hour Period Ending 2025-11-13

Summary
• Shentu/Tether (CTKUSDT) opened at $0.2834 and closed at $0.2861 after a volatile 24-hour period.
• Price action showed a recovery from a low of $0.2761 to a high of $0.2961, indicating strong short-term momentum.
• Total volume was 1,770,021.0, with notional turnover of $503,607.9.

The Shentu/Tether (CTKUSDT) pair opened at $0.2834 on 2025-11-12 at 12:00 ET and closed at $0.2861 on 2025-11-13 at 12:00 ET. Over the 24-hour period, the pair reached an intraday high of $0.2961 and a low of $0.2761. Total volume traded was 1,770,021.0, while notional turnover stood at $503,607.9, reflecting robust market activity and heightened interest in the pair.

Structure & Formations

The 15-minute OHLCV data shows multiple key support and resistance levels forming over the last 24 hours. Notably, the price broke above the $0.2875 resistance level and found temporary support at $0.2860. No major reversal candlestick patterns like dojis or engulfings were observed during this period, suggesting the market remained in a directional trend without significant pauses.

Moving Averages

Short-term momentum was supported by a rising 20-period and 50-period moving average on the 15-minute chart, both of which were below the current price level, indicating bullish bias. On the daily chart, the 50-period MA was below the 100-period and 200-period MAs, suggesting a mixed sentiment between short and long-term traders.

MACD & RSI

The MACD histogram turned positive in the late hours of the previous day, confirming bullish momentum and suggesting a continuation of the upward trend. The RSI crossed above 50 and briefly touched 60, signaling overbought conditions, but has since retracted to neutral territory, indicating a potential pause ahead.

Bollinger Bands

Volatility expanded significantly during the session, with the Bollinger Bands widening as the price moved from $0.2761 to $0.2961. Price spent most of the time above the 20-period moving average and within the upper band, indicating strong bullish pressure. A potential contraction may follow as the pair consolidates.

Volume & Turnover

The highest volume spike occurred at $0.2877, where over 150,000 units were traded in a single 15-minute interval. Notional turnover peaked around the same time, confirming the price action. Divergences between price and turnover were minimal, suggesting broad-based buying support across the range.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing (from $0.2761 to $0.2961), key levels at 61.8% (~$0.2896) and 38.2% (~$0.2868) were either tested or exceeded. This suggests traders may be watching for a potential pullback to the 50% level (~$0.2861) or a continuation above $0.2961 if the momentum holds.

Backtest Hypothesis
The attempted query for "Bullish Engulfing" candlestick patterns on CTKUSDT did not return any results, likely due to a naming or indexing issue in the backend system. To proceed with the back-test, one viable approach is to manually detect the pattern from the raw OHLCV data locally. A Bullish Engulfing pattern is defined as a large bullish candle that completely engulfs the previous bearish candle. Applying this manually could reveal if any such formations occurred during the period 2022-01-01 to 2025-11-13. Once confirmed, we could then analyze the subsequent 3-day performance of the asset following each identified pattern. This approach ensures accuracy while avoiding dependency on potentially inconsistent automated indicators.