$CETUS /USDT Technical Analysis – Consolidating for the Next Move? #CETUS is trading at $0.3224, showing a 4.20% gain in the last 24 hours. With the price oscillating within a narrow range, traders are watching for a potential breakout.
Key Support Levels:
$0.31: Immediate support, which has been tested multiple times, signaling strength in this zone.
$0.30: A stronger support level; a breakdown below could signal bearish momentum.
Key Resistance Levels:
$0.34: The first hurdle for bulls; a breakout above this level could open the door for further gains.
$0.36: A critical resistance level; clearing this could confirm a bullish breakout.
Trading Strategies:
For Bulls:
Look for entries near $0.31, targeting $0.34 and $0.36. Set a stop-loss below $0.30.
For Bears:
Consider short positions if the price fails to break $0.34, targeting $0.31 and $0.30 with a stop-loss above $0.35.
Market Insights:
The RSI is neutral at 45, indicating no extreme conditions, while the MACD shows signs of consolidation. Increased trading volume hints at a possible surge in volatility, which could determine the next trend direction.
Monitor the $0.34 resistance and $0.31 support closely for potential trade setups.