Another spot-on prediction!

$CETUS 🚨Short-Term Analysis and Prediction
drop to ~0.39 💰

Current Market Status
• Price: CETUS is trading at ~$0.42, down by 4.98% in the last 24 hours.
• 24h Range: The price fluctuated between $0.4202 and $0.4555, showing increased volatility.
Indicators:📊
• EMA Trends: The price is above the 25-day EMA ($0.3822), indicating a short-term bullish structure but nearing exhaustion.
• RSI: At 67, RSI is approaching overbought territory, suggesting a potential reversal.

Prediction

Current indicators, CETUS is likely to test support at $0.39 in the short term due to:
1. Weakening Volume: Trading volume is not supporting sustained upward movement.
2. Bearish Divergence: RSI shows divergence against price action.
3. Resistance at $0.45: Strong selling pressure is visible around this level.

Context and News
• CETUS has shown growing adoption in the DeFi ecosystem, but broader crypto market sentiment remains mixed.
• Macro Influence: The cryptocurrency market faces general uncertainty due to potential regulatory announcements and Bitcoin’s sideways movement, often leading to lower liquidity in altcoins.

#cetus