$CETUS
Cetus Protocol (CETUS) is currently priced around $0.1668, showing a slight dip of 0.04% in the last 24 hours. The token’s price has fluctuated between $0.1610 and $0.1744 during this time.
On May 22, 2025, the project suffered a major security breach involving spoof tokens that manipulated pricing and reserves, resulting in a loss of roughly $223 million. This caused CETUS to plunge by over 40%, prompting the protocol to pause its smart contracts.
Technically, CETUS is seeing near-term resistance at $0.18, with a more significant ceiling around $0.22. On the downside, it finds support at $0.16, and further down near $0.14. The current chart suggests a sideways movement as the market processes the fallout from the exploit.
Trading Strategy: With high volatility following the breach, traders should be cautious. Short-term opportunities may arise if the price holds above $0.16, with potential upside toward $0.18. However, due to ongoing uncertainty and halted operations, long-term trades carry substantial risk. It’s wise to monitor any updates from the project team before committing capital.