Dacity Coin
Bitcoin
Pearl
NEAR Protocol
Quantus
Bittensor
Pudgy Penguins
- Celar Network Price Prediction establishes a bearish outlook for CELR Token which has been falling since April.
- CELR Price is attempting to break out of a falling wedge.
- CELR witnessed a Year-To-Date growth of 85.14%.
Celar Network Price Prediction provides a brief overview of CELR Token which has been in the correction phase since April. CELR Coin is trading at $0.01757. The Market is up 5.69% in the last 24H. The 24H volume witnessed a spike of 21.40%. The overall market cap of $CELR Token is $134,177,923.
#Celar managed to add/expand 14 integrations for #cBridge in the month of June. It added support for the OKX Wallet. Celar expanded token support for ARB-bridge from Arbitrum ONE to BNB Chain. June also witnessed a special integration for Circle’s Cross-Chain Transfer Protocol (CCTP) for native $USDC to Arbitrum One.
Celar Network Price Prediction: Falling wedge breakout
The Daily chart establishes an overview of CELR Token which is currently in a correction phase. Prior to this, prices witnessed a bullish trend which began at the start of the year. CELR Crypto made a bullish rally of 200 % from its swing low where the prices reached $0.0300.
Celar Network Price Prediction highlights the momentum shift during April when the market failed to breach $0.0300. The correction has consumed more than 40% of CELR Price. Market is trying to break the falling wedge which is a bullish sign of reversal. A Bounce of 30% from the recent swing low looks promising.
An Attempt for a Powerful Breakout : Technicals
A closer look at 4H unveils a fight of Bulls who are attempting a powerful breakout of the falling wedge pattern. Celar Network prices managed to escape the pattern but it is still missing volume and momentum. A break of the resistance $0.01854 may further induce confidence and drive in some momentum.
The prices are trading very close to 200 EMA which is a sign of a sideways market. The technical indicators are signaling the lack of momentum. The market may be coiling for a more significant move but the direction can only be established with time. CELR has local support at $0.01575.
RSI: The RSI indicator is currently at 63.54 on the 4H. This represents strength in the market and the prices may continue to rise as long as the value stays above 50.
MACD: MACD is sticking with the signal line and the histograms are small. This is a sign of consolidation.
200 EMA: As observed, on the 4hr, the price barely crossed the 200 EMA. It would be better to wait for the prices to move away from the indicator to establish a strong trend. The present market condition is sideways
Conclusion:
Celar Network Price Prediction provides a brief overview of CELR Token which has been in the correction phase since April. Prices are moving out of a falling wedge but still lack powerful momentum. It would be wise to wait for the breakout of the resistance with volume or the market may reverse and fall back to the support. Volatility is high and investors should use proper risk management to avoid losses.
Technical levels
Support Levels: $0.01575 – Support 1
$0.01346 – Support 2
Current Price: $0.01757
Resistance Levels: $0.01854 – Resistance 1
$0.02420 – Resistance 2
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
