$CETUS /USDT Technical Analysis
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$CETUS /USDT is trading at $0.2293, showcasing an impressive 23.08% increase in the past 24 hours. The pair has reached a high of $0.2302 and a low of $0.1856, reflecting strong bullish momentum supported by increasing volume.
Key Levels to Watch
Resistance:
$0.2305: Immediate resistance that must be cleared to confirm further upside potential.
$0.2450: A higher level to watch for extended bullish momentum.
Support:
$0.2200: Immediate support zone that could prevent a retracement.
$0.2090: A crucial support level for bulls to hold in case of further pullback.
Trading Strategies
For Bulls:
Entry: Consider entries above $0.2305 after a confirmed breakout.
Target 1: $0.2450
Target 2: $0.2600
Stop Loss: $0.2200
For Bears:
Entry: Below $0.2200 if bearish signals intensify.
Target 1: $0.2090
Target 2: $0.1950
Stop Loss: $0.2305
Market Insight
The RSI stands at 87, indicating overbought conditions, which could lead to short-term corrections. However, the MACD shows bullish divergence, signaling the potential for continued upward movement. A breakout above $0.2305 could trigger a strong rally, while failure to hold support at $0.2200 may result in a deeper pullback.