Why is CETUS’s price down today? (03/02/2026)

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Accepted Answer

## TLDR
Cetus Protocol (CETUS) fell 0.85% over the last 24h to $0.0182. While today's move is modest, it extends a severe downtrend, with the token down 21% this week and 32% this month. Here are the main factors:

1. **Technical Weakness** – Key momentum indicators show oversold conditions and bearish momentum, pressuring the price near a critical support level.
2. **Broad Market Sentiment** – The crypto market is in "Extreme Fear," and capital is rotating away from altcoins, creating a hostile environment for speculative assets like CETUS.
3. **Post-Hack Overhang** – Despite a robust recovery plan, the May 2025 exploit that drained $223M continues to weigh on investor confidence and trading activity.

## Deep Dive
### 1. Technical Weakness (Bearish Impact)
**Overview:** CETUS is trading at $0.0182, just above its recent swing low of $0.017526. The 7-day RSI is deeply oversold at 16.61, and the MACD line is negative at -0.0019199, signaling sustained bearish momentum.

**What this means:** An RSI below 30 typically indicates an asset is oversold, which can precede a short-term bounce. However, the negative MACD confirms selling pressure is dominant. The price is testing a major support level; a break below $0.017526 could trigger another leg down as stop-losses are hit.

**What to look out for:** Watch if the price can hold above $0.0175. A failure here could see a test of lower levels, while a rebound above $0.0202 (the 7-day SMA) might signal near-term stabilization.

### 2. Broad Market Sentiment (Bearish Impact)
**Overview:** The broader crypto market is risk-off. The CMC Fear & Greed Index is at 17 ("Extreme Fear") as of 3 February 2026, and Bitcoin dominance is high at 59.38%, signaling capital is fleeing to safety.

**What this means:** In such environments, higher-risk altcoins like CETUS, which is tied to the Sui DeFi ecosystem, often underperform. The Altcoin Season Index is low at 28, confirming capital is not rotating into smaller-cap tokens. This macro headwind suppresses buying interest and amplifies selling pressure on CETUS.

### 3. Post-Hack Overhang (Bearish Impact)
**Overview:** CETUS has not recovered from a catastrophic $223 million exploit on 22 May 2025 ([GoPlus Security](https://x.com/GoPlusSecurity/status/1925791045867970681)). While the team recovered $162M, secured a $30M loan from the Sui Foundation, and launched a compensation plan, confidence remains shattered.

**What this means:** Major security breaches create long-lasting reputational damage and user attrition. Despite operational relaunch on 8 June 2025, the event is a persistent overhang on the token's value proposition. Furthermore, OKX delisted CETUS perpetual futures on 26 December 2025, reducing derivatives liquidity and institutional interest.

## Conclusion
CETUS's minor 24-hour decline is a symptom of persistent technical weakness, adverse market sentiment, and the lingering shadow of its historic hack. For holders, this implies continued volatility and pressure until a significant catalyst—like a surge in Sui ecosystem activity or a major protocol upgrade—renews demand.

**Key watch:** Can CETUS defend the $0.0175 support level, or will a breakdown trigger a new wave of capitulation selling?

Latest Cetus Protocol (CETUS) Price Analysis

Deep Dive

1. Technical Weakness (Bearish Impact)

2. Broad Market Sentiment (Bearish Impact)

3. Post-Hack Overhang (Bearish Impact)

Conclusion

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