๐จ๐ $CETUS /USDT IN RETRACEMENT โ IS IT SETTLING FOR A RECOVERY OR FURTHER DROP? ๐๐จ
CETUS/USDT has experienced a pullback, currently trading at 0.4016, marking a decline of 9.73% for the day. After reaching a high of 0.4591, the price has retraced and is now testing lower support levels.
Key Market Overview:
Current Price: 0.4016
24h High: 0.4591, indicating the previous top before the decline.
24h Volume (CETUS): 96.38M, showing active trading but with potential selling pressure.
๐ง Levels to Watch:
1. Immediate Support: 0.3950 โ Holding above this level could suggest a temporary stabilization.
2. First Target for Recovery: 0.4125 โ A bounce back to this level could indicate a reversal attempt.
3. Second Recovery Target: 0.4300 โ Retaking this area would strengthen bullish sentiment, aiming to reclaim lost ground.
Outlook: If CETUS fails to hold the support at 0.3950, it may invite further bearish action, potentially exploring lower price zones. Conversely, a move above 0.4125 could signal that buyers are stepping back in, setting the stage for a potential recovery.
๐ฌ Community Insight: Watch for signs of volume increase and price action around the immediate support and recovery targets. Cautious traders may look for confirmations before entering positions amid current volatility.
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