$CETUS rose 15.5% in 24 hours due to bullish technical momentum, renewed ecosystem activity, and broader altcoin strength.
Product updates: New Cetus Pro Dashboard launch (July 10) and ongoing #Cetus100x Challenge finale (ending July 14) drove engagement
Technical breakout: Price cleared key moving averages with bullish MACD crossover
Market tailwinds: Altcoin season index surged 23% weekly amid $215B crypto market volume
Deep Dive
1. Primary catalyst
The #Cetus100x Challenge enters its final 48 hours (as of July 14), incentivizing traders to maximize volume for rewards. This campaign coincides with:
185% surge in 24h trading volume to $55.6M
257% volume increase vs prior day (CoinMarketCap)
Social media buzz around converting "floating profits" to SUI before deadline
2. Technical context
CETUS broke above critical levels:
$0.1181 (July 13 swing high)
7-day EMA at $0.103 (+19% margin)
RSI 14 at 55.18 – neutral with room for upside
MACD histogram turned positive (+0.0037) on July 12, confirming momentum shift. Next resistance at Fibonacci 23.6% level ($0.1292).
Conclusion
CETUS’ rally combines campaign-driven speculation, technical momentum, and improved sentiment toward Sui ecosystem projects. With the challenge concluding and MACD bullish divergence intact, will traders take profits at the $0.129 resistance or push toward May’s pre-hack levels near $0.25?
