Cetus (CETUS) has come under renewed selling pressure as June begins, with the CETUS price falling sharply to around $0.1279, marking a nearly 6% intraday decline. The token is now testing key trendline support levels after breaking down from a triangle structure, adding concerns about further weakness.
Why is CETUS Price Going Down?
The sell-off accelerated after CETUS failed to hold the $0.15 region, which previously acted as a short-term base. As shown on the 4-hour chart, the pair has broken below a converging symmetrical triangle and now rests near the $0.125 zone, a key ascending support from late April. This move has confirmed a shift in the short-term structure, with the CETUS price now trading firmly below the 20-, 50-, and 100-period EMAs. The 200 EMA near $0.1608 remains significantly above the current price, highlighting sustained downside pressure.
What’s Happening With CETUS’s Price?
From a broader perspective, CETUS price action has shifted from consolidation to active distribution. The latest bearish breakdown aligns with a failed attempt to break the $…
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