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Dennis Mugambi
Jul 5, 2022
by Dennis Mugambi

CEL Technical Analysis: Bulls Push the Price to $0.9355

CEL Technical Analysis

Table of contents

  1. Celsius Past Performance
  2. CEL Technical Analysis
  3. Upcoming Trend
  4. Conclusion
Key Technical point

  • Celsius is on a bullish trend

  • The RSI is currently at 54.09

  • CEL has traded as low as $0.8787 and as high as $1.1057

    • Celsius Past Performance

    Celsius has traded as low as $0.8787 and as high as $1.1057. It has a market capitalization of $635,893,140, and $19,000,973 worth of CEL has been traded on exchanges in the last 24 hours. From 4th May 2022 to mid-May, Celsius has experienced a persistent downward trend. Looking at the candlesticks, we can see that on 4th May the opening price is  $2.164, and the closing price is $0.684.

    CEL

    CEL Technical Analysis

    The CEL technical analysis shows that the coin is currently in a bullish trend. CEL  is currently trading at $0.9355, a price upsurge of 5.07% in the last 24 hours. The moving averages show a similar story with the 50-day MA being crossed over by the 200-day MA from below. This is called a “Golden Cross” and is considered a bullish signal. The RSI indicator is currently at 54 which is in the middle of the neutral zone.

    In the MACD histogram, there is a formation of short green bars, hence, this reveals a bullish trend. The next support levels are at $0.8787 and $0.8276 while the resistance levels are at $1.1057 and $1.2155. The Bollinger bands show that the CEL prices are currently trading close to the upper band which is a bullish signal. while the MACD line is seen crossing the signal line in an upward movement which is a bullish sign.

    Out of the 26 technical indicators 11 show a buy signal, 9 show a hold signal, and 2 show a sell signal. The moving averages show 10 buy signals and 1 hold while the Oscillators show 1 buy signal, 8 holds, and 2 sell signals. The coin is in a bullish trend as seen by all the indicators. Hence, the support levels are at $0.8787 and $0.8276 while the resistance levels are at $1.1057 and $1.2155.

    Upcoming Trend

    The price of CEL will continue to rise in the near future as seen by the technical indicators. The next support levels are at $0.8787 and $0.8276 while the resistance levels are at $1.1057 and $1.2155. Investors are advised to buy the coin at the current prices and hold for the short to medium-term.

    Conclusion

    The CEL technical analysis shows that the coin is in a bullish trend in the short-term with all indicators giving a buy signal except for 2.  Support levels are at $0.8787 and $0.8276 while the resistance levels are at $1.1057 and $1.2155

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    Celsius CEL token CEL technical analysis
    CEL Technical Analysis: Bulls Push the Price to $0.9355
    Dennis Mugambi
    Dennis is a content writer with a deep understanding of the block chain domain and crypto currency field .He infuses cold data with flair to make technology and finances mind blowing .His reports both fastinate and awaken the readers

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