- The trading price of the CEL token is trading 90% below its all-time high.
- Celsius crypto has high liquidity based on its market cap.
Celsius (CEL) offers a comprehensive banking and financial services platform for cryptocurrency users, founded by Alex Mashinsky and Daniel Leon. It provides high returns on savings, competitive loan terms, and automated rewards, while its native token, CEL, enhances user payouts and functionality.
The market cap of the Celsius crypto has declined by 10.9% while the trading volume has advanced by 100.9% resulting in a traded volume of $2.808 Million. Also, the current market cap of the token is $56.997 Million.
The current market cap ranking of the token is #620 as per CoinMarketCap. The volume/market cap ratio of the crypto is 4.88%. The circulating supply of the crypto is 238.86 Million CEL which is 34.34% of the total supply.
The total supply and the max supply of the token are same resulting in 695.685 Million CEL. Also, the fully diluted market cap of the token is $165.584M. It also hit the all-time high price of $8.02 on June 04, 2021.
The all-time low price for the token is $0.02235 from where the market has advanced by 973%. The volatility of the crypto is high resulting in 14.59% and the sentiment of the token is bearish.
The fear and greed index of the token is at 83 indicating extreme greed.
Celsius Crypto Derivatives Analysis
The derivatives trading volume of the token has advanced by 237% in the last 24 hours resulting in $4.6 Million. The open interest of the crypto has also witnessed an advance of 15.7%.
The long/short ratio of the token is 0.8083 and has witnessed a long liquidation of $42.37K. Moreover, the short liquidation for the token is $2.49K.
Social Dominance Vs Social Volume
The social volume of the token has declined over the last few days. The social dominance of the token is rising slowly over the last few days, suggesting that traders gaining interest in the crypto.
CEL Crypto Technical Analysis
The CEL crypto price is trading in a consolidation zone after declining to certain levels. If the price of the token further breaks above the last swing high, further advance in the price might be witnessed.
CEL/USD by AMANDA_TMP on TradingView.com
The trading price of the token is trading above the 20 and the 50-Day EMAs followed by a fresh golden cross of the 50 and the 200-Day EMAs. The price has also retraced to the EMAs indicating a higher probability of further advance in the token price.
The ADX is trading at a level of 33.79 indicating strength in the trading price of the token. This also indicates that the preceding trend of the token is bullish.
Despite this, the MACD and the signal line have formed a bearish crossover while both of them are trading abvoe the zero level idnicaitng possibility of further advance in the trading price of the token.
Summary
Despite CEL token’s rejection at swing highs and trading 90% below its all-time high, indicators suggest a bullish outlook. With high liquidity, increasing derivatives trading volume, and technical signals like a golden cross and bullish ADX, further price advancement is likely if it breaks above recent highs.
Technical Levels:
- Support Levels: $0.0956 and $0.1500
- Resistance Levels: $0.6840 and $1.0390
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.