Celsius is determined to surpass banks in their game by providing financial services at terms that traditional financial institutions do not offer. It also acts as a wallet through its CelPay feature and hosts its own CEL token that users can use to increase payout value, among other things.

Celsius is a for-profit business that takes a cut from interest payments but still returns 80% to its users. Celsius also lends to institutions such as hedge funds. Moreover, because loans are asset-backed and payments are guaranteed, borrowers must provide more than 100% of the amount they borrowed in the destination currency.
<h2><strong>Past Performance of CEL</strong></h2>
CEL coin price is in a long-term sideways trend. The token price has made an ultimate support and resistance level at $5 and $8, respectively. However, in recent months, the <a href="https://www.cryptoknowmics.com/news/cel-technical-analysis-price-has-successfully-broken-its-recent-high-5-16-watch-for-the-level-of-5-58/">token price</a> fails to rise above the $6.5 mark, indicating a rise in underlying bearishness.

<a href="https://www.tradingview.com/x/MveFOYuQ/"><img class="aligncenter " src="https://www.tradingview.com/x/MveFOYuQ/" width="1292" height="650" /></a>

Source - <a href="https://www.tradingview.com/x/MveFOYuQ/">Tradingview</a>
<h2><strong>CEL Technical Analysis</strong></h2>
At the time of writing, the CEL coin price is trading at $5.56 with a rise of 2.99% in the past 24 hours. Celsius coin price trades in close proximity to the ultimate support level near $5. The price action represents a weakness in the bullish momentum.

<a href="https://www.tradingview.com/x/JYLWsy8f/"><img class="aligncenter " src="https://www.tradingview.com/x/JYLWsy8f/" width="1292" height="650" /></a>

Source - <a href="https://www.tradingview.com/x/JYLWsy8f/">Tradingview</a>

The recent failure of the Celsius price to rise above the $6.5 mark indicates the momentum is being compressed that may give a solid move upon breakout of either side.

As per the <strong>pivot points</strong>, the coin price may find resistance near $6.50 and $8.00.

And the support levels are at $5.00 and $4.50.

The <strong>exponential moving averages</strong> of 50 and 200-days generate a bearish crossover called a death cross. Meanwhile, the 100-days slopes down, increasing the chances of bearish crossover with the 200-days EMA.

The <strong>RSI indicator</strong> indicates a neutral trend as the slope wiggles near 43%.

The <strong>Zig-Zag indicator</strong> created the highest peak at $8.0 on Apr 09. After that, investors can notice a massive correction of 45%, all the way low to $4.40. However, the recent waves saw the crest peak at $6.5 followed by a trough formation near $5.
<h2><strong>Day-Ahead and Tomorrow</strong></h2>
As per the Celsius technical analysis, the cryptocurrency shows weakness in the sideways trend with a rise in underlying bearishness. Investors might like to wait and observe the CEL price action before a decisive breakout.

CEL Technical Analysis: Bearishness Increases in a Sideways Trend

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

CEL Technical Analysis: Bearishness Increases in a Sideways Trend

Top Picks