$CGPT Took a Heavy Hit… But Is a Recovery Trap Building? 👀
CGPT/USDT faced a strong selloff after rejection from the 0.045 zone and dropped aggressively toward 0.0304, wiping out momentum in a short period. The interesting part now is that price is no longer making new lows and has started printing small recovery candles, which usually signals accumulation or short-term relief after panic selling. The 0.030–0.031 area is currently acting as the key support zone while buyers attempt to stabilize the structure.
If $CGPT manages to hold above 0.032 and push through 0.035, a continuation move toward 0.038–0.040 becomes possible. But if momentum fades and 0.030 support breaks again, another wave of downside pressure cannot be ignored. Right now, the chart is sitting in that dangerous phase where recovery and fake bounce look almost identical — the next breakout candle will matter a lot.
