Cetus Protocol Market Overview

• Price action broke key resistance at 0.1073, but failed to confirm with volume.
• RSI showed overbought conditions above 0.108, followed by bearish divergence.
• Bollinger Bands tightened in early session before price broke above the upper band.
• Volume spiked sharply during the 14:15–16:00 ET rally, but turnover failed to confirm bullish momentum.
• A bearish engulfing pattern emerged after a short-term high at 0.109, suggesting possible pullback.

Cetus Protocol’s CETUSUSDT pair opened at 0.1063 (12:00 ET – 1), reached a high of 0.109, and closed at 0.1082 (12:00 ET), with a low of 0.1032. Total 24-hour volume was 51,301,187.4 and total turnover amounted to 5,282,991.3 USDT.

Structure & Formations

Price broke above a prior resistance at 0.1073 during the late-night session, forming a bullish breakout pattern. However, the failure to hold above 0.1085 and the emergence of a bearish engulfing pattern after the high at 0.109 signaled weakening momentum. A key support level appears to be forming between 0.106–0.1065, where price found a floor multiple times during the day.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the early morning session, suggesting a short-term bullish bias. However, the price failed to maintain this momentum and closed below both averages by the end of the session. On the daily chart, the 50-period MA sits at 0.1078, and the 200-period MA at 0.1052, suggesting a potential consolidation between those levels.

MACD & RSI

MACD showed a bullish crossover in the early morning, aligning with the breakout above 0.1073. However, by the afternoon, the MACD histogram began to contract, indicating fading bullish energy. RSI hit overbought levels above 0.108, followed by a bearish divergence that preceded the price pullback. RSI remains in neutral territory (45–55), suggesting a potential range-bound move in the near term.

Bollinger Bands

Bollinger Bands tightened between 0.106–0.1073 in the early hours, setting the stage for a breakout. Price then rallied above the upper band, reaching 0.109, but failed to close above it. The bands have since widened, indicating increased volatility. Price appears to be consolidating inside the upper and middle bands as of the 12:00 ET close.

Volume & Turnover

Volume surged during the 14:15–16:00 ET rally, but turnover did not confirm the strength of the rally, indicating a possible lack of conviction. The largest single 15-minute volume spike occurred at 09:15 ET, when over 906,488.8 USDT was traded. However, price closed lower than it opened during that period, suggesting selling pressure.

Fibonacci Retracements

Fibonacci levels drawn from the recent 0.1032–0.109 swing identified key retracement levels at 0.1072 (61.8%) and 0.1063 (38.2%). Price tested the 61.8% level during the afternoon and bounced, but failed to hold above it. A break below the 38.2% level could signal further bearish movement toward the 0.105–0.1045 range.

Over the next 24 hours, CETUSUSDT may consolidate between 0.106 and 0.1085, with a potential test of the 0.109 high for confirmation of a longer-term bullish trend. Investors should remain cautious of a pullback should volume fail to support any break above 0.1085 or below 0.1065.