$CETUS (Cetus Protocol) Technical Analysis: Sharp Rejection and Consolidation 📉
Entry Zone: $0.0195 – $0.0210
Bullish Above: $0.0265
Target 1 (TP1): $0.0238
Target 2 (TP2): $0.0285
Target 3 (TP3): $0.0310
Stop Loss (SL): $0.0185
$CETUS is currently experiencing a significant corrective phase on the 4H chart, trading at $0.02136 with a -12.03% decline. The price action shows a massive rejection from a 24h high of $0.03086, followed by an aggressive sell-off that recently tested a deep local low of $0.01933. This sharp decline has effectively wiped out the gains from the preceding rally, pushing the asset into a critical support retest zone.
The 24h trading volume is quite high at 316.05M CETUS (approx. $7.63M USDT), indicating heavy participation during the breakdown. Currently, the price is attempting to stabilize near the $0.021 level. For a bullish recovery to be considered,
$CETUS must hold above the $0.019 structural floor and reclaim the $0.024 minor resistance to shift the short-term momentum back in favor of the buyers.
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