CETUS Technical Analysis – Strong Rebound from Support
CETUS has re-entered investors’ radar after experiencing a sharp pullback followed by a rebound from a strong support zone. In particular, buying interest emerging from the $0.11515 – $0.12119 liquidity support band quickly pushed the price upward again. Currently, CETUS is trading around $0.15262 and is approaching a critical decision point.
Support Zones:
- $0.13990: Primary short-term support. The level the price is currently trying to hold above.
- $0.12119 – $0.11515: Strong support band from which the recent upward move began.
- $0.09830: Major timeframe bottom level, may come into play in case of a deeper correction.
Resistance Zones:
- $0.16149 – $0.16996: Horizontal resistance band that must be broken in the short term.
- $0.19288: Previous high, a zone that faced intense selling pressure on higher timeframes.
Successfully maintaining above the $0.13990 level is promising in terms of continuing the upward trend from a technical standpoint. However, the real breakout needs to occur within the $0.16149 – $0.16996 band. As long as this region is not broken, upward moves may remain limited, and selling pressure could resume.
Momentum indicators like RSI signal recovery, and volume analysis shows that the recent rebound has come with strong buying pressure. This confirms renewed interest from buyers in the market.
Conclusion:
Technically, CETUS has demonstrated a strong recovery from a key support. However, closing above $0.16149 is crucialfor the continuation of the upward move. Otherwise, the price could pull back toward the $0.121 zone again. Therefore, the price action in the next few days will be decisive for the short-term direction.
These analyses do not provide investment advice. They focus on support and resistance levels that may offer potential trading opportunities in the short and medium term, depending on market conditions. However, all trading and risk management decisions are solely the responsibility of the user. The use of stop-loss orders is strongly recommended for any trades shared.
