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- 1 The CEL price has retested the demand zone of $0.1500 and is looking for a reversal.
- 2 Buyers are willing for a rebound and held the gains decisively.
The CEL price trades near its make-or-break region of $0.1500 and has displayed a death crossover on the charts. Moreover, the price action signifies intense selling momentum, and sellers look aggressive and willing to breach the immediate support zone of $0.1250. Furthermore, the trend favors the bears, and buyers have not attained a pullback for the past weeks.
At press time, the Celsius token (CEL) price traded at $0.1595 with an intraday gain of 1.52%, reflecting neutrality on the charts. It has a monthly return ratio of -233.27% and -55.76% on a yearly basis. The pair of CEL/BTC is at 0.00000253 BTC, and the market cap is $110.31 Million. Analysts are bearish and suggest that the CEL token may gain momentum and retain the 20-day EMA mark ahead.
CEL Price-to-Volume Profile on Daily Timeframe
The above chart showcases the price volume profile of the Celsius token, which signifies the bearish chart structure. Moreover, the price action highlights the selling pressure, and the token has retested its demand zone to the $0.1300 mark. Apart from that, the token trades below its significant moving averages and replicates a downtrend. The intraday trading volume jumped over 23.89% to $2.89 million, revealing low investor interest.
Price Volatility and Weighted Sentiment Outlook
Amidst the minimal price rebound, the price volatility curve replicated a roller coaster move and declined over 78% to 0.039, highlighting the investor interest. Moreover, the weighted sentiment value stayed in the positive zone, noted around the 0.812 mark.
Social Dominance and Twitter Followers Overview
Per the Santiment data, the social dominance data noted a down move and stayed below the midline at around 0.087%, highlighting a decrease in the investor discussion reports. Conversely, the Twitter followers data showcased a spike and jumped over 92% to -202.
Total Open Interest and Holder Data Insights
The above chart replicates the open interest data, revealing fresh long additions in the intraday session; the open interest jumped by 2.89% to $955k. Meanwhile, the total amount of holders remained stable and is noted around 30.5k
Per the Fib levels, the CEL price has slipped to its 23.6% zone and is trading close to the lower Bollinger Band support zone. Similarly, the RSI curve stayed in the oversold region, and a negative crossover was noted on the charts.
The total supply of the CEL token is 692.75 Million, whereas the volume-to-market cap ratio is 0.0260, ranked 359 in terms of market cap in the global crypto market.
Summary
The CEL token price signifies a downtrend and is hovering below its key EMA, close to the demand zone of $0.1500. The trend favors the downside, and the sellers hope to break the immediate support mark of $0.1200 shortly.
Technical Levels
Support Levels: $0.1500 and $0.1350
Resistance Levels: $0.1700 and $0.1800
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
