$CETUS : At a Crossroads – Bounce or Breakdown?
Current Price: $0.3361 (-5.22%)
24h High: $0.3657 | 24h Low: $0.3180
The recent drop in CETUS shows signs of consolidation near its key support. Buyers are cautiously stepping in, with slight volume recovery hinting at a potential bounce.
Key Levels to Watch:
• Support: $0.3180 - The recent low could act as a pivot zone.
• Resistance: $0.3457 (25 MA) - Needs to be reclaimed for upside momentum.
Technical Analysis:
The price is struggling under the 25 and 99 moving averages, suggesting bears still control the short-term trend. However, the support at $0.3180 is holding, and any breakout above $0.3457 could fuel a recovery.
Strategy:
• Bullish Scenario: A sustained move above $0.3457 could target $0.3650.
• Bearish Scenario: A breakdown below $0.3180 might lead to further downside, with $0.3000 as the next support.
Stay vigilant for volume spikes to confirm direction!
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