- The Celsius crypto price has lost around 97% from its all-time high price.
- The CEL crypto is forming bearish price action on the technical charts.
Celsius is a platform that offers banking and financial services for crypto users. It pays interest on deposits, provides loans and payments, and has its own token, CEL. Celsius aims to outperform traditional banks by offering better terms and rewards for its customers.
The Celsius crypto is trading with 34% of its max supply and the fully diluted market cap of the crypto is $127.327 Million. Also, the market cap value of the crypto is $43.718 Million, followed by a 1.3% rise in the last 24 hours.
The volume/market cap ratio of the crypto is 4.14% and the crypto is trading with a rise of 12.7% in its trading volume in the last 24 hours. The market cap ranking of the crypto is 545th in the global cryptocurrency market.
The total supply of the Celsius crypto is 695.658 Million CEL followed by a circulating supply of 238.893 Million CEL. Also, the crypto has 30,548 holders and the circulating supply market cap of the crypto is $77.514 Million.
Celsius Derivatives Analysis
The trading volume of the Celsius crypto has advanced by 44.2% in the last 24 hours resulting in traded derivatives of $2.82 Million. Despite this, the open interest of the crypto is trading flat with a change of -0.03% in the last 24 hours.
The long/short ratio for the crypto is 0.8205 and the long liquidation witnessed by the crypto in the last 24 hours is $5.84K. Also, the short liquidation for the crypto is worth $731.35.
CEL Crypto Technical Analysis
The CEL crypto price is consistently forming the lower low swing pattern on the chart which has led the price of the crypto to significant lows. The price of the crypto has declined by 70% over the past year and has shown 15 green days in the last 30 days.
CEL/USD Chart by TradingView
The EMAs on the daily chart of the CEL crypto trading in a death cross followed by the 50-Day and the 200-Day EMA. The price of the crypto has further declined below the EMAs and is slowly leading to lower levels with the EMAs.
The MACD and the signal line have overlapped each other trading below the zero level. This behavior of the indicator indicates weakness and uncertainty in the crypto price.
The RSI on the daily chart is consistently sustaining below the 50-level indicating bearish momentum in the price. Also, the RSI has overlapped the 14-Day SMA which indicates volatility in the crypto price.
Summary
Celsius is a crypto platform that offers banking and financial services. However, its token, CEL, is showing signs of weakness and decline. CEL has lost 97% of its value from its peak and has low market cap and volume. The derivatives and technical analysis indicate a bearish trend and a potential short opportunity.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.