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28 March 2024
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Celsius Price Analysis: Where Will CEL Token Reach In 2022?


  • Celsius price has been seeing a downside trend and can soon see a comeback to a new high . Meanwhile the asset price is down by more than 3.24%
  • Technical indicator for CEL price suggests a consolidated trend in price. In contrast the CEL/BTC pair has also seen a low of more than 0.6%.

Why To Invest In CEL Token?

Celsius (CEL) token is an across-the-board banking and monetary administrations stage for the users.It offers awards for saving digital currency in its platform, alongside administrations, for example, advances and wallet-style installments. It was sent off in 2018 and has given incredible re-visitations of the investors. Celsius expects to beat banks by offering monetary administrations based on the sort of conditions that conventional monetary establishments presently do not offer and at a sensible cost. CEL token cost has been in a difficult time for a couple of weeks. It can before long return to the more significant levels.

 CEL token is currently ranked 108th in the CMC and has a market dominance of more than 0.1%. The volume of the asset has seen a gain of more than 18% in the intraday session. The Volume to market capitalization proportion for the asset suggests a strong 

Technical Indicators Suggests A Consolidated Trend In CEL Token Price

Source: Trading view

Celsius price is currently seeing a consolidated trend in the weekly chart and can soon see a new move. In contrast, the asset price is currently in a bearish mode in the daily chart. CEL price on the upside move can see a setback close to $5. In contrast, one can expect a bounceback on the downside from $2.The price is currently trading near to the 50 and 100 Daily moving average on a 4-hour chart. The 50MA (Red) line is at $4.8, making it brief help at the resource cost. The coin cost is as of now in a union however can before long see a significant breakout. CEL/BTC pair is likewise on a bullish move and can break the past high.

RSI(Bearish): It is following at 34, showing its essence displayed in the neutral region. There is a negative incline development in the RSI, which features the likelihood of a downtrend.

Conclusion

CEL token price is currently observing a downside trend and can soon see a new high. Celsius price can also see a strong move in the future. An investor should do their due diligence before investing in CEL

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Technical Levels

Major Support:$2

Major Resistance:$5

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