X

Celer Network Price Analysis: CELR Coin Shows Signs Of Recovery From The Support

  • The CELR coin price breaks above the 55-EMA during intraday.
  • The 24-hour trading volume is at $209 million.
  • CELR/BTC pair is trading positive by 6.1% at 0.00000186 BTC.

Moving Average (EMA) In the CELR coin daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an uptrend for Celer as long as prices are above the moving average.

The volume (84.811 M) is above the 20-day moving average (369.324 K). The volume is small, so the cost is struggling. Investors may also notice a reduction in volume. This indicates that unusual changes are normal on the following trading days.

CELR Coin Price Trend Trying Hard To Breakout Consolidation

The daily price chart of CELR coin is on the rise. Depending on the price movement, the support range is between $0.10. On the flip side, the resistance area you should be looking for is $0.16.

The RSI showed a signal of 60 (bullish) with a short-term buy sign. Investors may find that the indicator’s RSI line is sloping upwards. A rise can happen on future trading days.

The MACD shows a (bullish) cross above the signal line on November 07, indicating a buy signal for the currency. In addition, investors can see emerging green bars in the histogram indicator.

Conclusion

The price of Celer Network today is $0.124611 on a 24-hour trading volume of $209,388,615. CELR prices have increased 4.5 percent in the past 24 hours. It has sales of CELR 5.6 billion and total supply of 10 billion.

RSI and MACD indicate a buy signal. Traders have directed moderate volume. In fact, the cost got bounced from the resistance zone. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $0.16

Support Level: $0.10

Categories: News
Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.