- CELR Token price retraces to retest the bullish breakout of $0.12 mark
- The token price trades significantly higher than any of the crucial daily EMAs.
- The token pair CELR/BTC trades at 0.000003728 BTC with an intraday gain of +3.73%
CELR token price action forms a bearish piercing candlestick with the supply met near the $0.17 horizontal level, resulting in a bearish retracement of more than 10% in the past 24 hours.
The CELER Token Market Price stands at $0.1584, a rise of 4.19% in market capitalization over 24 hours. It is indicative of rising bullish pressure and an inclining increase rate.
Furthermore, within 24 hours, the coin’s intraday trading volume increased by approximately 15%. Thus, indicating a rise in the number of CELR buyers.
CELR Token Price Retraces, 20-period EMA Gives Best Entry Spot
The CELR Token price rises above in an uptrend but the resistance from the $0.175 horizontal level results in a bearish reversal. However, the possibility of a bullish breakout stands its ground as the buying pressure grows.
Price action recommendations suggest that CELR coin prices could face resistance of $0.2-$0.25 if they break above the $0.17 mark. However, if the trend turns backways, the CELR coin price could fall by $0.0.12 or $0.082.
The timeline for the CELR token shows clearly that its market price is much higher than any of the critical EMAs. Moreover, the bullish alignment of all the EMAs will provide support in case of a bearish overturn.
As the slope RSI rises higher in the overbought territory as the RSI slope spikes up indicating a rise in underlying bullishness.
The ADX indicator predicts a significant uptake in trend momentum.
Conclusion: As bullish sentiment builds, CELR Token might see a price rise above the $0.17 mark. Investors may be prudent to place their money at the dip at supporting EMAs to avoid false breakouts.
Support – $0.12 and $0.082
Resistance – $0.2 and $0.25