Technical Analysis for CETUS/USDT

Current Price: 0.4515 USDT

Price Change (24h): +17.92%

24h High: 0.4936 USDT

24h Low: 0.3710 USDT

Key Indicators

Support Level: 0.4251 USDT

Resistance Level: 0.4936 USDT

Momentum: Bullish trend with a 17.92% gain in the last 24 hours, suggesting upward momentum.

Volume: 139.88M CETUS traded, which indicates strong market participation and liquidity.

Trade Signal:

Trend: Bullish (Based on recent price increase and strong volume)

Entry Point: 0.4515 USDT (current price)

Target Levels:

1. Target 1: 0.4618 USDT (Immediate resistance area)

2. Target 2: 0.4750 USDT (Next significant resistance level)

3. Target 3: 0.4936 USDT (24h High, strong resistance)

Trade Momentum:

Bullish Sentiment: The price is rising steadily with increasing momentum, suggesting that the upward trend could continue.

Risk Management: Watch for a potential pullback to the support level at 0.4251 USDT for potential re-entry if the price dips.

Trade Recommendation: Consider buying at 0.4515 USDT, with targets at 0.4618, 0.4750, and 0.4936 USDT. Monitor for any signs of a reversal or pullback below 0.4251 USDT.

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$CETUS