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Celsius Price Has Dropped By 30% in a Few Weeks; Recovery Soon?

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Celsius Price Has Dropped By 30% in a Few Weeks; Recovery Soon?
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The Celsius Network (CEL) crypto price is at $0.1835 with an intraday loss of 5.17%. The market capitalization is $43.78 million and it has decreased by 3.59% in the last 24 hours. In terms of market capitalization, the CEL token ranks 542nd in the cryptocurrency market.

The trading volume of the Celsius token is $1.37 million, with a fall of 14.28% in the past 24 hours. Based on the volume, the Celsius token ranks 777th in the cryptocurrency market.

The circulation supply is 238,863,520 CEL and the fully diluted market cap is $127,926,968. The maximum and total supply is 695,658,160 CEL.

Celsius Network Price Forecast Based on Technical Analysis

Celsius Price Has Dropped By 30% in a Few Weeks; Recovery Soon?

According to the data on January 09, 2024, the Celsius Network price prediction sentiment is bearish with 23 technical indicators giving bearish signals while 8 are giving bullish signals.

The RSI is at 34 and it has continuously dropped from the overbought zone and is now heading toward the oversold zone.

Celsius Network Price Technical Analysis on 1-D Timeframe

Celsius Price Has Dropped By 30% in a Few Weeks; Recovery Soon?
BINANCE: CEL/USD 1-Day Chart By TradingView

The Celsius Network token price has been rising by taking support on the trendline. The CEL price tried many times to sustain the $0.3500 hurdle but sellers were strong and the price dropped by more than 15% within a few hours.

Currently, the CEL price is heading toward the trendline. If the CEL coin price defends the trendline and bounces back, buyers may become strong and the price may rise. 

On the other hand, if the Celsius Network token price slips below the trendline then sellers may dominate and selling pressure can be expected.

Celsius Network Price Prediction for 2025, 2026, 2027, 2028, 2029, 2030, and 2031

Based on the historical price movement of Celsius Network price prediction, the CEL price is predicted to range between $0.188 and $0.338 by next year. On the same basis, here is the CEL price prediction for each year till 2031.

Year Yearly LowYearly High
2025$0.188$0.338
2026$0.186$0.316
2027$0.175$0.250
2028$0.172$0.190
2029$0.192$1.628
2030$0.159$1.360
2031$0.053$0.781

Celsius Network Price Prediction FAQs

What is the Celsius Network price prediction today?

The CEL price is predicted to drop 5.12% to reach $0.183 by today.

What is the Celsius price prediction tomorrow?

According to our analysis, the CEL price will fall 4.27% to reach $0.176 by tomorrow.

What is the CEL price prediction for 2026?

The Celsius Network token price is predicted to range between $0.186 & $0.318 by the end of 2026.

Will the Celsius price reach $10?

The CEL price needs to gain 5,340.00% to reach $10. According to our algorithm, the CEL price will hit $10 by June 2038.

Will the Celsius price reach $100?

The Celsius Network price would have to gain 53,400.00% to reach $100. Based on our analysis, the CEL price will reach $100 by January 2049.

Conclusion 

The Celsius Network token price has witnessed slow and steady gains throughout the past few months. The buyers are trying to lift the price but the sellers are strong and are managing to drag down the price from the $0.3500 hurdle. Analysts suggest that there will be buying momentum above the $0.3500 mark.

Technical levels

Resistance: $0.3000 & $0.4500

Support: $0.1600 & $0.0800

Disclaimer

Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.

D
Written by

Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.

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About this article

PublishedJanuary 10, 2024 3:03 pm
Last updatedJanuary 17, 2025 6:27 pm
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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