🛡️ $CTK /USDT – Shentu Wakes Up After a Brutal Downtrend

🕰️ 1D Chart | 💰 Price: $0.2729 (+5.00%)

After more than a year of relentless bleeding, CTK just flashed its first bullish daily structure — but is it enough to mark the end of pain?

📊 Technical Analysis:

✅ MA7 ($0.2453) and MA25 ($0.2667) reclaimed for the first time in weeks — momentum shift signal.

📉 Still below MA99 ($0.3334), which served as a major dynamic resistance since the peak.

📈 Price bounced from multi-month support near $0.24, a historical demand zone.

🔥 Bullish Signals:

Volume spike + 5% candle after sustained chop = possible accumulation breakout.

Falling wedge breakdown recovery? Structure shows signs of reversal after compressed volatility.

Price reclaiming short-term MAs is usually step 1 in any meaningful bounce.

🎯 Potential Upside Targets:

$0.33 – MA99 and psychological resistance

$0.42-$0.45 – March consolidation zone

$0.62 – Breakdown point from early May

🧠 Caution Zone:

This is not confirmed reversal yet — CTK has a habit of fakeouts followed by rug pull.

Needs to flip $0.33 with volume and then hold above $0.27 to sustain bullish narrative.

Macro trend is still bearish — this is a counter-trend bounce unless proven otherwise.

🗣️ Final Word:

CTK just poked its head out from the ashes. The reclaim of short-term MAs is encouraging, but it must conquer $0.33 to earn its spot in the comeback club. Until then, it’s a high-risk, high-reward bet.

Think of it as a trader’s “what-if” setup — with strict invalidation.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!