$CETUS

/USDT ā€“ Technical Analysis and Price Targets šŸŽÆ

CETUS is currently trading at $0.3088, showing a 5.88% decline in the last 24 hours. Let's break down the technical levels and identify potential price movements:

Key Levels to Watch

Support Level: $0.2929

Resistance Levels: $0.3393, $0.3650, $0.4042

Price Targets šŸŽÆ

1. Target 1: $0.3393

This level represents the 24-hour high. A breakout above this could signal a shift toward bullish momentum, attracting new buyers.

2. Target 2: $0.3650

If CETUS sustains above $0.3393, the next resistance lies here. This is a psychological level that may trigger profit-taking but also indicate a stronger uptrend if surpassed.

3. Target 3: $0.4042

This is a key resistance zone. Breaching this would confirm a robust recovery and open doors for higher price exploration.

Trading Strategy

Bullish Scenario: Watch for a bounce above $0.2929 to initiate a long position targeting $0.3393 and beyond.

Bearish Scenario: If $0.2929 breaks, prices may dip further. Use tight stop-losses to manage risk.

Market Insight

CETUS remains a promising project in the DeFi sector, offering opportunities for swing traders. However, caution is advised due to recent volatility.

Keep an eye on market sentiment and trading volume for better decision-making.

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