Connect with us

Blockchain

Celsius (CEL) Price Prediction 2022 — Will Celsius Hit $5 Soon?

Avatar Of Rajesh Khanna

Published

on

Celsius (Cel) Price Prediction 2022 — Will Celsius Hit $5 Soon?
google news
  • Bullish Celsius price prediction is $2.39788 to $4.13498.
  • Celsius (CEL) price might also reach $5 soon.
  • Bearish Celsius price prediction for 2022 is $0.45380.

In Celsius (CEL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about Celsius to analyze the future movement of the cryptocurrency. 

Celsius (CEL) Current Market Status

According to CoinGecko, the price of Celsius (CEL) is $1.56 with a 24-hour trading volume of $26,247,515 at the time of writing. However, Celsius has decreased by nearly 11.2% in the last 24 hours. 

Moreover, Celsius (CEL) has a circulating supply of 423,415,980 Celsius. Currently, Celsius (CEL) trades in cryptocurrency exchanges such as OKX, DigiFinex, MEXC, Gate.io, Huobi Global.

What is Celsius (CEL)?

CEL is the native cryptocurrency of Celsius. The Celsius Network is a financial technology (fintech) network that provides interest-bearing savings accounts, borrowing, and payments in both digital and fiat currencies. It is based on an economic concept that challenges traditional banking models while putting the Celsius community first. Celsius (CEL) launched in June 2018. CEL enables users to take out loans, make payments, and gain additional loyalty advantages. CEL, on the other hand, is primarily utilized as a reward system for Celsius Network users and as a collateral currency to receive loans.  

Celsius (CEL) Price Prediction 2022

Celsius (CEL) holds the 66th position on CoinGecko right now. Celsius price prediction 2022 is explained below with a daily time frame.

Celsius /USDT Ascending  Channel Pattern (Source: Tradingview)

The above chart of Celsius (CEL) laid out the Ascending  Channel Pattern. laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, Celsius (CEL) is in the range of $1.47649. If the pattern continues, the price of Celsius  might reach the resistance level of  $2.43880. If the trend reverses, then the price of Celsius may fall to $1.41395 and 0.83657.

Celsius (CEL) Support and Resistance Levels

The chart below shows the support and resistance levels of Celsius (CEL).

1663418910 246 Celsius Cel Price Prediction 2022 — Will Celsius Hit 5
Celsius /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Celsius (CEL). 

Resistance Level 1 $2.39788
Resistance Level 2 $4.13498
Support Level 1 $1.24787
Support Level 2 $0.84327
Support Level 3 $0.45380
Celsius /USDT Support and Resistance Levels

The charts show that Celsius (CEL) has performed a bullish trend over the past month. If this trend continues, Celsius might run along with the bulls overtaking its resistance level at  $4.1349.

Accordingly, if the investors turn against crypto, the price of Celsius (CEL) might plummet to almost 0.45380, a bearish signal.

Celsius (CEL) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Celsius (CEL) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of Celsius lies below the cutoff line, indicating weak participants in the current trend

1663418910 812 Celsius Cel Price Prediction 2022 — Will Celsius Hit 5
Celsius /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Celsius (CEL). Currently, the ADX of Celsius lies in the range of 19.74232 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Celsius (CEL). RVI measures the constant deviation of price changes over a period of time. The RVI of Celsius lies below 50, indicating low volatility. In fact, the RSI of Celsius (CEL) is at 19.74232  thus confirming a potential buy signal.

Celsius (CEL) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Celsius (CEL). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

1663418910 980 Celsius Cel Price Prediction 2022 — Will Celsius Hit 5
Celsius /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Celsius (CEL). Currently, the ADX of Celsius lies in the range of 19.74232 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Celsius (CEL). RVI measures the constant deviation of price changes over a period of time. The RVI of Celsius lies below 50, indicating low volatility. In fact, the RSI of Celsius (CEL) is at 19.74232  thus confirming a potential buy signal.

Comparison of Celsius with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Celsius (CEL).

1663418910 540 Celsius Cel Price Prediction 2022 — Will Celsius Hit 5
BTC Vs ETH Vs Celsius  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price changes of ETH  and CEL are moving in a similar trend. This indicates that when the price of ETH  increases or decreases, the price of CEL also increases or decreases respectively.

Celsius (CEL) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Celsius (CEL) might probably attain $8 by 2023.

Celsius (CEL) Price Prediction 2024

With several upgrades in the network, Celsius (CEL) might enter a bullish trajectory. If the coin grabs the attention of major investors, Celsius might rally to hit $11 by 2024. 

Celsius (CEL) Price Prediction 2025

If Celsius (CEL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, Celsius would rally to hit $14

Celsius (CEL) Price Prediction 2026

If Celsius (CEL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, Celsius would rally to hit $17

Celsius (CEL) Price Prediction 2027

If Celsius (CEL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, Celsius would rally to hit $20

Celsius (CEL) Price Prediction 2028

Celsius (CEL) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, Celsius would hit $23 in 2028.

Celsius (CEL) Price Prediction 2029

If investors flock in and continue to place their bets on Celsius (CEL), it would witness major spikes. Celsius might hit $26 by 2029.

Celsius (CEL) Price Prediction 2030

With greater advancements in the Celsius ecosystem, the crypto community might continue to invest in Celsius for the next 8 years and drive significant price rallies for the token. Hence, Celsius (CEL) might hit $29 by 2030.

Conclusion

With continuous improvements in the Celsius network, we can say that 2022 is a good year for Celsius. For this reason, the bullish price prediction of Celsius (CEL) in 2022 is $4.13498. On the other hand, the bearish price prediction of Celsius (CEL) price prediction for 2022 is $0.45380.

Furthermore, with the advancements and upgrades to the Celsius ecosystem, the performance of Celsius would help to reach above its current all-time high (ATH) of $8.05 very soon. But, it might also reach $5 if the investors believe that Celsius is a good investment in 2022.

FAQ

1. What is Celsius (CEL)?

CEL is the native cryptocurrency of Celsius. The Celsius Network is a financial technology (fintech) network that provides interest-bearing savings accounts, borrowing, and payments in both digital and fiat currencies. 

2. Where can you purchase Celsius (CEL)?

Celsius (CEL) has been listed on many crypto exchanges which include  OKX, DigiFinex, MEXC, Gate.io, Huobi Global.

3. Will Celsius (CEL) reach a new ATH soon?

With the ongoing developments and upgrades within the Celsius Platform, Celsius has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Celsius (CEL)?

On June 04, 2021 Celsius (CEL) reached its new all-time high (ATH) of $8.05.

5. Is Celsius (CEL) a good investment in 2022?

Celsius (CEL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Celsiusin the past few months, Celsius is considered a good investment in 2022.

6. Can Celsius (CEL) reach $5?

Celsius (CEL) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Celsius (CEL) will hit $5soon.

7. What will be Celsius (CEL) price by 2023?

Celsius (CEL) price is expected to reach $8 by 2023.

8. What will be Celsius (CEL) price by 2024?

 Celsius (CEL) price is expected to reach $11 by 2024.

9. What will be Celsius (CEL) price by 2025?

 Celsius (CEL) price is expected to reach $14 by 2025.

10. What will be Celsius (CEL) price by 2026?

 Celsius (CEL) price is expected to reach $17 by 2026.         

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You :

google news
Advertisement

Blockchain

Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2?

Avatar Of Rajesh Khanna

Published

on

Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2?
google news
  • LIT price creates more bullish sentiment as price hold above daily EMA 
  • LIT looks more stable as bulls breakout of a descending triangle
  • The price of LIT could face major resistance at $1.2 

Litentry (LIT) has had a rough start to the year, but that could be shelved aside as the price looks more bullish recently against tether (USDT). Litentry (LIT) price has seen more of a downtrend in the bear market than an upside with the price struggling to regain the bullish structure and has failed each time with Bitcoin (BTC) price falling to a region of $18,700 affecting the price of the altcoin. (Data from Binance)

Litentry (LIT) Price Analysis On The Weekly Chart

The crypto market hasn’t had the best price movement in recent times, but this can not rule out that some crypto assets have continued to show great strength bouncing from their lows and breaking out of their downtrends to establish a bullish momentum.

Despite showing less price movement in recent weeks as the price continued to trade below the key resistance level of $0.7, preventing the price of LIT from rallying high.

The price of LIT closed the weekly price looking more bullish as bulls pushed the price to break the resistance at $0.7, setting up a more bullish price movement ahead of the new week for the price of LIT.

The price of LIT faced price rejection from a region of $0.75 from trending higher after the news from the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) had a negative impact on the price of LIT. LIT price responded well as price rallied from a low of $0.55 with what seemed to be an area of interest for more buy orders. 

LIT’s price needs to break and hold above $1.2 for the price to rally to a higher region with more bullish sentiments; if the price of LIT gets rejected from this region, we could see the price retesting a region of $1-$0.8 acting as good support zones.

Weekly resistance for the price of LIT – $1-$1.2.

Weekly support for the price of LIT – $0.75.

Price Analysis Of LIT On The Daily (1D) Chart

Daily LIT Price Chart | Source: LITUSDT On Tradingview.com

In the daily timeframe, the price of LIT continues to look bullish as the price breaks out of a descending triangle after trading in a range of downward trends. 

After respecting the downtrend line, the price of LIT formed, and the trendline continued to act as a resistance for the price of LIT as it failed to break above the line despite several trials. But the price of LIT built more strength, with the price breaking the trendline to set up more bullish sentiment ahead of a rally to $1-$1.2 with a possible higher target.

The price of LIT trades at $0.9 above the 50 Exponential Moving Average (EMA). The prices of $0.7 correspond to the price at 50 EMA for LIT on the daily timeframe.

Daily resistance for the LIT price – $1-$1.2.

Daily support for the LIT price – $0.75-$0.7.

Featured Image From Toptrading, Charts From Tradingview 

google news
Continue Reading

Blockchain

Top Crypto Price Gainers of the Past Hour

Avatar Of Rajesh Khanna

Published

on

Top 3 Privacy Coins To Consider This June 2022 For Investors
google news
  • Top 3 crypto price gainers are RSR, MKR, EGLD.
  • According to CoinMarketCap, RSR has gained by 6.70% during the last 24 hours.

For the past few months, the global cryptocurrency market has witnessed a tremendous downfall due to several reasons. The market cap value has declined by more than 70% from 3 trillion, which was recorded in November 2021. Currently the MarketCap is  $927.26B. Also the top cryptocurrencies, Bitcoin and Ethereum are down today. 

Let’s examine the top 3 crypto price gainers of the past hour.

Price chart of top crypto gainers (Source : CMC)

Reserve Rights (RSR)

The Reserve ecosystem’s volatile cryptocurrency is the RSR. Reserve Rights is a stablecoin platform with two tokens. The Reserve stablecoin (RSV), which is governed by a number of assets managed by smart contracts, is added by the RSR’s dual token arrangement. The Reserve Rights token (RSR), the second token, is used to maintain the RSV’s price at $1 through a system of arbitrage opportunities. 

The current price of RSR is $0.01018 with a 24 hour trading volume of $16,155,126. In the past 24 hours, RSR has increased by 6.70% as per CoinMarketcap. 

Maker (MKR)

The Maker protocol, which is built on the Ethereum blockchain, has a governance token called Maker (MKR). MKR was developed by makerDAO and released in 2015. Maker protocol and MakerDAO manage and provide the smart contracts ecosystem for DAI, one of the most popular stablecoins.

According to CoinMarketcap, MKR currently trades for $776.29 with a $42,438,021 24 hour trading volume. MKR has gained 3.74% during the past 24 hours.

Elrond (EGLD)

With a focus on scalability and cheap transaction fees, Elrond is a piece of software that tries to motivate a distributed network of computers to run a smart contract platform. It was established in 2017 and is supported by Elrond Network, a business based in Malta committed to the development of the project. The EGLD coin, which Elrond uses to communicate with applications, send transactions, and reward network actors, is the platform’s own cryptocurrency.

At the time of writing EGLD is trading at $49.15 with a 24 hour trading volume of $37,296,069. In the last 24 hour EGLD has increased by 2.25% as per CMC.

Recommended For You :

google news
Continue Reading

Blockchain

Sega To Build First Blockchain Based Games

Avatar Of Rajesh Khanna

Published

on

Sega To Build First Blockchain Based Games
google news