Deep Dive
1. Technical Weakness (Bearish Impact)
Overview:
CETUS trades at $0.0897, below all major moving averages (7-day SMA: $0.0997, 30-day SMA: $0.1081). The RSI-7 sits at 32.65, nearing oversold territory but not yet signaling a reversal.
What this means:
- Price rejection at the 7-day EMA ($0.0988) suggests weak bullish momentum.
- MACD histogram (-0.0016) confirms bearish divergence.
- Immediate support at $0.0915 (May 2025 swing low) failed to hold, raising risks of a drop toward $0.077 (2024 low).
What to watch:
A close above the 24h high of $0.094 could ease selling pressure.
2. Post-Hack Sentiment (Bearish Impact)
Overview:
CETUS remains -44.9% below pre-hack levels (May 22, 2025) despite recovering $162M of the $223M stolen. Recent milestones (e.g., 17M accounts) haven’t fully offset trust deficits.
What this means:
- Compensation delays: Only 85-99% of liquidity restored post-relaunch (June 8), with 15% of CETUS supply allocated for reimbursements still vesting until mid-2026.
- Volume divergence: Despite hitting $1B+ weekly volumes, CETUS’s price trails ecosystem growth, per Cetus Protocol’s tweet.
3. Sui Ecosystem Drag (Mixed Impact)
Overview:
SUI, the blockchain hosting Cetus, fell -5.8% over 7 days. While Sui’s DeFi TVL rebounded to $2.6B, CETUS’s role as the primary DEX ties it closely to Sui’s volatility.
What this means:
- Liquidity dependency: CETUS handles ~43% of Sui’s DEX volume (July 2025 data), amplifying its sensitivity to Sui’s price swings.
- Altcoin season lag: Bitcoin dominance at 58.8% (near yearly highs) pressures smaller alts like CETUS.
Conclusion
CETUS’s decline reflects technical breakdowns, unresolved post-hack risks, and its tight coupling to Sui’s underperformance. While protocol upgrades (e.g., August 15 aggregator update) aim to boost utility, regaining pre-exploit momentum requires sustained volume growth and faster compensation payouts.
Key watch: Can CETUS hold the $0.085 level – a psychological support zone – amid broader crypto market uncertainty?