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The Cetus Protocol price pumped 24% in the past 24 hours to trade at $0.1682 as of 5:08 a.m. EST, on a 285% rise in trading volume to $185 billion.
This rise in the CETUS price comes after the Sui Foundation announced that it would provide a secured loan to Cetus, which would enable the protocol to fully compensate users affected by a hack that resulted in a loss of $223 million.
Cetus Protocol Price Could Still Soar
The CETUS price recently experienced a sharp drop, as a result of the hack, followed by a rapid recovery, now trading at approximately $0.1682. This rebound occurred near the 0.618 Fibonacci retracement level ($0.1552).
The CETUS chart displays a V-shaped recovery pattern, indicating an aggressive buyback following the sell-off. Cetus Protocol price has now reclaimed the 200-period Simple Moving Average (SMA) ($0.1508), indicating potential stabilization and a return of bullish interest, as GeckoTerminal data shows.
The Relative Strength Index (RSI) sits at 51.85, suggesting neutral momentum with room for upward movement. This level indicates that the market is recovering from being oversold but hasn’t yet entered overbought conditions.
Meanwhile, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover with the MACD line now above the signal line and histogram bars turning positive, both are early signs of upward momentum. However, the 50-period SMA ($0.1872) still acts as immediate resistance above the current price.
If the recovery holds above the 200-period SMA and maintains its position above $0.1600, CETUS could retest the 0.382 Fibonacci level at $0.1869 and possibly challenge the 50-period SMA near $0.1872.
However, failure to sustain above $0.1550 could lead to another drop toward the 0.786 retracement at $0.1326.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which gives token holders free BTC through airdrops.
99Bitcoins, a prominent crypto YouTube channel with over 723k subscribers, says BTCBULL is poised for massive gains.
BTC Bull Token Presale Rushing Towards The $7 Million Milestone
With over $6.51 million raised, and thanks to its innovative design and reward system, more investors are flocking to the ongoing BTC Bull presale.
Unlike typical meme coins, BTCBULL rewards holders with free Bitcoin through scheduled BTC airdrops triggered by the crypto market leader’s rising price.
The first BTC reward activates when Bitcoin reaches $150,000, with subsequent airdrops every additional $50,000 increase.
Furthermore, a significant bonus awaits dedicated holders when Bitcoin hits the $250,000 mark for the first time.
The excitement around BTCBULL doesn’t stop there. To enhance scarcity and mimic Bitcoin’s limited supply, the project will conduct periodic token burns, beginning at Bitcoin’s $125,000 milestone and continuing every $50,000 thereafter.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
That mechanism reduces BTCBULL’s supply, potentially creating powerful upward price momentum.
You can purchase tokens now for $0.002535 using BNB, ETH, USDT, or bank card and stake them for an impressive 63% annual yield.
With expert endorsements and strong investor interest, BTCBULL’s launch looks set to ignite the crypto community.
Interested investors will want to buy before the next presale price increase in around 2 days to lock in the best deal.
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