Yigit Taha OZTURK 
After a relatively calm period, the crypto market is once again shaken — this time by a hack targeting Cetus Protocol. The incident has sent shockwaves through the SUI price chart, reminding investors how fragile support levels can be in volatile markets.
Cetus Protocol Breach Pressures SUI: $4.01 Support In Jeopardy
Following the news of the security breach, SUI witnessed sharp selling pressure and is currently attempting to hold above the crucial $4.01 support. Analysts warn that if this level is lost on a 4-hour close, the price may retreat further to the $3.83 support.
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Increased trading volume in recent hours signals that this level is under heavy scrutiny. A confirmed breakdown could open the door to further downside pressure.
Recovery Scenario: Targeting A Move Toward $4.20
Still, if $4.01 holds and buyers regain control, a short-term rebound is possible. In such a case, a recovery move toward $4.20 is likely. Technical indicators suggest an increased probability of testing this level again if support remains intact.
The coming hours could prove pivotal for SUI, as traders await confirmation of either a breakdown or a bounce from support.
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