Latest Cetus Protocol (CETUS) Price Analysis

1. Profit-Taking Surge (Bearish Impact)

Overview: CETUS's 25.27% weekly rally pushed its 7-day RSI to 79.44 – deep into overbought territory (>70 typically signals exhaustion). This triggered profit-taking, evidenced by a 289% volume spike to $27.8M.
What this means: Traders locked in gains after rapid appreciation, creating downward pressure. High volume confirms conviction behind the sell-off. Such corrections often follow parabolic moves.
What to look out for: RSI14 cooling toward 50 (currently 62.37) could signal selling exhaustion.

2. Altcoin Weakness (Bearish Impact)

Overview: Altcoins faced pressure as Bitcoin dominance held near 58.2% and the CMC Altcoin Season Index stayed in "Bitcoin Season" (score: 24/100).
What this means: CETUS, as a mid-cap altcoin, tends to underperform during capital rotations toward Bitcoin. Its -3.81% drop exceeded the crypto market's -0.56% dip, reflecting higher beta sensitivity.
What to look out for: Shifts in the Altcoin Season Index above 50 would signal improving risk appetite.

3. Technical Resistance (Bearish Impact)

Overview: CETUS peaked near $0.031 before reversing – aligning precisely with the 23.6% Fibonacci retracement resistance at $0.0305.
What this means: Rejection at this technical barrier validated bearish momentum, triggering stop-loss orders. The MACD histogram’s bullish divergence (+0.001) wasn’t strong enough to overcome selling pressure.
What to look out for: Holding above the 7-day SMA ($0.0264) could stabilize prices.

Conclusion

CETUS's dip reflects healthy profit-taking after overbought conditions, amplified by sector-wide caution. Monitor whether the 7-day SMA holds as support.
Key watch: Can CETUS stabilize above $0.0264 as RSI cools from overbought levels?