Bearish Signals for CETUS (CETUS/USDT): Can it Stabilize Above $0.40?
$CETUS is trading at $0.4036, down -11.68% in the last 24 hours, showing significant selling pressure. Its market cap stands at $251.68M, and with a 44.35% volume-to-market cap ratio, liquidity remains high. The coin hit an all-time high of $0.492 but has fallen since. The key support level to watch is $0.40, and a drop below this could signal further bearish action.
Key Insights:
Support: $0.40 – needs to hold.
Resistance: $0.45 – watch for a potential recovery.
Risk Management: Tight stop-loss below $0.40 recommended, with attention to broader market conditions.