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- Celsius price has given a positive crossover in the Moving Average. Mean while it is currently looking for breakout to higher levels
- CEL price can see a bullish momentum till $10 as per the technical indicators. In contrast the CEL/BTC pair is in a downtrend with a loss of 1.5%
Why To Invest In CEL Token?
CEL token price was launched in 2018 and has seen a significant jump since then. The ROI of Celsius since its inception is 3220% which has been one of the attractive features of the coin.
It offers rewards for depositing cryptocurrency into their platform, awith services such as loans and wallet-style payments. .Celsius aims to outperform financial institutions by offering financial services on the terms which traditional financial institutions no longer offer and at a very reasonable price. CEL token price is starting to regain its bullish momentum and can go to $10.
CEL token is currently ranked 56th in the crypto verse with a market capitalization of $1,733,710,333.38 . The volume of the coin has seen a decline in the past 24 hours . The V/M ratio for the coin is seeing an increase, hinting at a bullish momentum..
Technical Indicators Hints At An Uptrend For CEL Token Price
The weekly technical chart for the Celsius highlights a weak bullish momentum . In contrast, the CEL token price hints a probability of an uptrend in the future on the daily chart. If price breaks the resistance of $8 then one can expect a strong uptrend. Mean while , the support for the asset price can be seen near $6 .The price is currently trailing above 50 and 100 Daily moving average on a 4 hour chart. The 50MA (Yellow) line is at $6.8, making it a temporary bounce back region for the asset price. Moving average has given a positive cross over which hints at a bullish momentum. CEL/BTC pair is currently in a slump but can soon see a major breakout.
RSI(Neutral): It is currently at 55.52, highlighting its presence in the neutral area. There is a small negative slope formation in the RSI, which showcases the probability of small correction. The overall sentiment of the RSI is neutral.
Conclusion
CEL token price can see a major breakout to $10 in upcoming days. CEL/BTC pair can also accompany the gain in the future. An investor should do their due diligence before investing
Technical Levels
Major Support:$6
Major Resistance:$8
