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Celsius Price Analysis: CEL Coin Price Continues Its Upside Momentum Despite The Fall In Market

  • Celsius price is currently seeing a strong upside momentum which can lead to a new high. It has seen a gain of more than 1% in the past 24 hours
  • Technical indicators for CEL coin price suggest a strong bull trend in price. In contrast, CEL/BTC has also seen a gain of more than 3% in the past 24 hours

Why To Invest In CEL Coin?

CEL coin price is currently seeing a strong upside momentum which can lead it to a new high in future. Celsius token price has observed a gain of more than 0.31% in the past 24 hours and is trading near the value of $7. Celsius has an ROI of more than 3000% which has profited various investors for a very long time.

They offer rewards for depositing coins  into their platform, with services such as loans , payments and various other features. Celsius is aiming to outperform banks and financial institutions by  offering financial services at a very low and affordable price which banks are not offering. CEL crypto price may soon see a major breakout which can lead it to a new high in the future.

CEL token price market cap along with the market dominance has observed an increase despite the fall in market. The volume of the asset has also seen a surge in the past couple of days. The V/M ratio for the coin suggests a strong upside momentum for the future

CEL Coin Price Bulls Are Pushing The Price For A New High

Source: Trading view

Celsius price is currently seeing a strong upside momentum in price which can soon lead it to a new high in future . In contrast, on the daily chart it is showing a small downside correction.. If price breaks above the threshold of $10, then one can expect a strong bull trend in future. Meanwhile , while going down one can see the support near $6 .The price is currently trading above 50 and 100 Daily moving average on the daily chart..The 50MA (Red)  line is at $4.489 making it a temporary support zone for the CEL price. The price of the asset can see a strong bull trend in future. It might soon surpass its all time high in upcoming days.

Conclusion

CEL coin price is currently seeing a correction on the daily chart which can lead it to a new low. One can dive in it once it stabilizes above its all time high . An investor should do their due diligence before investing

Technical Levels

Major Support:$6

Major Resistance:$10

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.