- The CEL crypto price has just surpassed the 20-day exponential moving average.
- The Celsius price has risen by 17% in the last two days.
According to the technical chart, the Celsius price has been facing resistance from the $0.300 hurdle. The CEL crypto price has tried many times to sustain the $0.300 mark, but sellers were strong enough to drag down the price by approximately 30%. The CEL price has managed to defend the $0.170 mark.
The Celsius price has been struggling between a parallel channel. It is consolidating between $0.300 and $0.170 for the last 5 months. For the previous two times, the price has been taking support on the 200-day exponential moving average and showing bullish momentum.
At press time, the Celsius crypto price was trading at $0.238 with an intraday gain of 0.39%. The market capitalization is $56.82 million, and the 24-hour trading volume is $2.12 million. The circulating supply of Celsius is 238,863,520 CEL, and the fully diluted market cap is $165.89 million. The total and maximum supply is 695,658,160 CEL.
Whale Holdings
The whale holdings have increased from $639.97 million to $668.24 million in a year. The whale holdings are $668.24 million, investors are holding $13.55 million, and retailers are holding $18.21 million. The whales’ holding has increased by approximately 2% in a year, and the CEL price has remained positive, but not much.
Celsius Crypto Price vs Volume
The trading volume has increased by approximately 100% since the last week of February and remained constant till now. However, the CEL price has performed negatively from the second week of March. In the previous three days, the trading volume has increased by approximately 80%, and the price has risen by 17%. Further momentum of CEL price may be affected by change in trading volume.
Celsius Crypto Social Dominance and Social Volume
The graph indicates that the social media interaction on X, Instagram, and Telegram has decreased for the last few weeks which has affected the price negatively. If social dominance increases, the price may react positively.
Celsius Price Technical Analysis Over Daily Timeframe
The CEL crypto price has been struggling in a parallel channel for the past few months in a daily time frame. The selling pressure can be seen if the price slips below the channel and sustains. The price may record a new all-time low if it fails to defend the $0.140 level.
The CEL price has surpassed the 20-day EMA and is heading toward the resistance level of $0.300. A short-term selling can be observed if the price extends to $0.300. On the other hand, if the price sustains and triggers a breakout, buying momentum for the long term can be expected.
According to the technical indicators, the Celsius crypto price is trading over the significant moving average, indicating positive momentum. The RSI has surpassed the RSI-based moving average, showcasing the bullish momentum.
The CEL Price Prediction on 4-H Timeframe; Will It Sustain the 200-day EMA?
In a 4-H time frame, the Celsius crypto price is consolidating over the 200-day exponential moving average. If the CEL price surpasses $0.240 and sustains, it may attract buyers, and the price may approach the $0.280 mark soon.
Alternatively, if the Celsius price slips below the 200-day exponential moving average, the price may melt to the support level of $0.170 within a few weeks.
Conclusion
In a broader time frame, the Celsius crypto price has been consolidating in a parallel channel for the last 5 months. Currently, the CEL price has managed to defend the support level of $0.170 and is heading toward the resistance level of $0.300 by surpassing the 20-day exponential moving average. According to the analysts, the buying signals can be generated over the $0.300 mark, and sellers are strong below the $0.170 level.
Technical Levels
Resistance: $0.300 & $0.250
Support: $0.200 & $0.170
Disclaimer
This article is for informational purposes only and provides no 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.