Will CETUS price recover? Token jumps 20% as protocol upgrade vote nears conclusion

CETUS PRICE continues to recover with the growth of invested optimism amid a decisive vote on the series that can open 162 million dollars of frozen money and pave the way to pay the full user after the last exploitation.

CETUS (CETUS) has increased by 20 % over the past 24 hours, as it was currently circulating at $ 0.15, as symbolic attempts to recover from the repercussions on May 22. On that day, the price of CETUS decreased by 30 % inside the day – from its peak from $ 0.25 to $ 0.14 million – after that, CETUS DeX suffered from accelerating security of approximately 223 million dollars. The price continued to slip into the days after that, as it eventually reached the lowest post-introduction level at $ 0.12-with a sharp decrease of 52 % of the peak of May 22.

Since May 26, CETUS showed signs of recovery, climbing to $ 0.17 before returning to its current level. The last basic procedure indicates a possible unification stage as the market digests the effect of exploitation.

If CETUS managed to penetrate the local resistance at $ 0.17 with constant momentum, then the next important obstacle is about $ 0.19. This level represents the lower limits of the scope of monotheism where CETUS was circulated before the sharp collapse – and the subsequent collapse – on May 22. The successful step exceeding $ 0.19 will open the path about $ 0.23, which is a major resistance level as the price faced multiple rejection operations in May.

Meanwhile, CETUS actively restore the investor confidence through a comprehensive recovery plan. Basic in this effort is the proposal to upgrade the protocol, which, if approved, will believe in the renewal of assets of $ 162 million currently by the health of the SUI network.

If the suggestion is voted, CETUS will be able to compensate for the fully affected users by combining these recovered funds with a guaranteed loan issued by the Sui Foundation and its cabinet reserves. The Sui Foundation loan specifically covers a part of the exploitation of $ 223 million that was blocked from the SUI network before the auditors freezed the governors of the infiltrators. Compensation for users has been set to move forward regardless of voting results, but full payment compensation depends on their approval.

At the time of the press, more than 32 % of the necessary sounds were made in favor of – only more than 18.5 % are needed to meet the approval threshold. Trader asciment seems to be optimistic with caution, as some speculate that CETUS PRICE can recover $ 0.25, as it was circulated before the breach. However, to reach this goal, the price must first overcome two levels for the main resistance: $ 0.19, the previous monotheism floor, and $ 0.23, an area that faced symbolic symbols repeated earlier in May.