$SUI plummets, $CETUS crashes 39%! Cetus suspected to be targeted by hackers!

Bull News:

$SUI current price is $3.97, down 5.5% in 24h, trading volume surges to $320 million, market cap $10.8 billion! $CETUS current price is $0.165, briefly crashed 39% ($0.25 → $0.165), trading volume explodes to $110 million. The Cetus Protocol on the Sui chain is suspected to have been attacked by hackers, liquidity pools drained, sparking discussions on the “DeFi security crisis, how far can the bull market go?”

Why the crash?

Cetus suspected of being attacked: On-chain data shows that the liquidity pool of Cetus Protocol has drastically decreased, multiple trading pairs have collapsed, and $CETUS briefly fell to $0.165. The community speculates that hackers exploited a smart contract vulnerability to extract liquidity, triggering panic selling.

$SUI also suffered: As the main ecological token of Cetus, $SUI was affected and briefly fell over 5%, now reported at $3.97. Market sentiment turns cautious, with funds flowing out of the DeFi sector.

Bull market divergence: $BTC breaks $111,866, $ETH steadies at $2,609, but altcoins stagnate due to the Cetus incident, funds returning to Bitcoin, confidence in DeFi shaken.

Technical warning: $SUI broke below the key level of $4.1, RSI dropped to 45, MACD confirms death cross. $CETUS RSI at 35 indicates overselling, short-term selling pressure remains heavy.

How far can it go?

Dump risk: If $SUI loses the $4.0 level, it may dip to $3.86 (EMA support). On-chain selling pressure for $CETUS intensifies; if it drops below $0.15, it may test $0.12. Cetus needs to clarify attack details, or panic may continue.

Upside potential: If $SUI stabilizes at $4.0 and breaks through $4.2, it can regain upward momentum, targeting $4.5-$5.0. If $CETUS fixes the vulnerabilities and restores confidence, it may rebound to $0.25-$0.30, with a bull market still possible in Q3.

Key observations: Response from the Cetus team, recovery of on-chain liquidity, changes in $SUI trading volume.

How to read the K-line?

$SUI: Dropped to the lower Bollinger band, MACD death cross, RSI at 45. Support at $4.0, resistance at $4.2. Short-term fluctuations lean bearish, warning of “panic selling risk”!

$CETUS: Crashed to $0.165, RSI at 35 indicates overselling, MACD death cross. Support at $0.15, resistance at $0.20. Short-term oversold, warning of “aftershocks from hacker attack remain”!

Watch for Cetus announcements and on-chain data, don’t blindly buy the dip! The bull market of 2025 is not extinguished; wait for DeFi confidence to recover or face a rebound!

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