CETUS/USDT Technical Analysis
CETUS is drawing near to test the downtrend within which it has been trading for a long time. Here, the price zone of $0.108 - $0.118 especially stands as a key support in the short term. If the price can hold above this key level and upward momentum continues, we can expect the price to climb towards the trendline.
Summary:
- If holds above $0.108 – $0.118, the overall pattern is positive.
- The price could climb towards the upper trendline.
- $0.144 – $0.155 is strong resistance and if broken:→ $0.1940→ $0.2419→ $0.3335→ $0.4936 should be followed.
- Support levels in case of a pullback are→ $0.1180→ $0.1080→ $0.0858→ $0.0777
- Upper trend breakout will determine the price direction.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.