Deep Dive
1. Technical Downtrend (Bearish Impact)
Overview:
CETUS trades below critical moving averages (7-day SMA: $0.0765; 30-day SMA: $0.0835) and tests Fibonacci support at $0.0701. The RSI-14 at 37.04 signals bearish momentum but not yet oversold.
What this means:
Sustained trading below $0.076 suggests weak buying interest. The MACD histogram (-0.000001) shows near-zero momentum, reflecting indecision. Traders may wait for a clear break above $0.076 or a dip to $0.070 before re-entering.
What to watch:
A close below $0.070 could trigger panic selling toward the 2025 low of $0.057 (May 2025 hack aftermath).
2. Altcoin Liquidity Drain (Bearish Impact)
Overview:
Bitcoin dominance rose to 58.48% (up 0.22% in 24h), while the Altcoin Season Index fell 30.3% weekly to 46. Capital is fleeing speculative assets like CETUS for BTC amid muted risk appetite.
What this means:
CETUS’s 24h volume of $12.76M (-2.86% vs. prior day) shows thinning liquidity, amplifying downside volatility. The token’s 0.207 turnover ratio (volume/market cap) indicates moderate liquidity risk.
3. Post-Hack Recovery Challenges (Mixed Impact)
Overview:
CETUS remains -58.43% below its 2024 peak after May’s $223M exploit (GoPlus Security). While 85-99% of funds were recovered via Sui validator intervention, protocol upgrades and compensation distributions (15% of supply) have slowed momentum.
What this means:
Despite June’s relaunch and Binance Wallet integration, trust rebuilds slowly in DeFi. CETUS’s 30-day active addresses remain 40% below pre-hack levels (Cetus Protocol), signaling reduced network activity.
Conclusion
CETUS’s dip reflects technical headwinds, altcoin sector outflows, and delayed post-crisis recovery traction. While the protocol’s upgrades and Sui ecosystem growth (17M accounts) offer long-term potential, short-term sentiment hinges on reclaiming $0.076 resistance.
Key watch: Can CETUS hold $0.070 support amid rising Bitcoin dominance, or will it retest May’s lows? Monitor Sui’s DeFi TVL trends for directional cues.