CGPT/USDT – Breakout from Multi-Month Downtrend

Date: May 23, 2025

CGPT/USDT has officially broken out of a major downtrend line that has held since early 2025. The recent breakout is backed by increasing volume and bullish structure, showing clear signs of accumulation and trend reversal.

📊 Technical Overview:

Current Price: $0.1524

Breakout Zone: $0.145–$0.15 (now acting as support)

EMA Status: Price is trading above the 4EMA and 200EMA, indicating short and mid-term bullishness.

Volume: Strong surge on breakout — confirming interest and conviction from buyers.

📈 Entry Zones:

Retest Entry: $0.145–$0.15 (watch for a pullback into the blue zone).

Aggressive Entry: Immediate breakout continuation above current highs.

🧷 Validation:

As long as price remains above the breakout zone, the bullish setup remains intact.

A close below $0.14 would invalidate this momentum and suggest a potential fakeout.

🎯 Target Projections:

TP1: $0.1980 – First conservative target based on the width of the consolidation range.

TP2: $0.2240 – Next resistance zone from previous structural highs.

TP3: ~$0.29–$0.30 – Extended move potential if momentum continues and market conditions remain favorable.

📊 RSI Analysis:

RSI currently around 68 — bullish but not overbought.

RSI has made a series of higher lows, confirming the bullish price structure.

RSI breakout from its own downtrend earlier this month, reinforcing the momentum.

🧠 Final Thoughts:
CGPT/USDT is showing a clean breakout above months of resistance. With increasing volume and bullish RSI, the momentum looks strong. This could be the beginning of a larger trend reversal if key levels hold.

Good trading!!!