Celsius Network Price Prediction 2022 — Will CEL Hit $10 Soon?
- Bullish CEL price prediction is $3.33737442 to $ 8.1531583.
- The price will also reach $10 soon.
- CEL’s bearish market price prediction for 2022 is $2.06696901.
In Celsius Network’s (CEL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CEL to analyze the future movement of the cryptocurrency.
Celsius Network Current Market Status
According to CoinGecko, the price of CEL is $2.08 with a 24-hour trading volume of $2,921,684 at the time of writing. However, CEL has increased nearly 0.2% in the last 24 hours.
Moreover, CEL has a circulating supply of 423,415,980 CEL. Currently, CEL trades in cryptocurrency exchanges such as OKX, FTX, Bybit, Gate.io, and HitBTC.
What is Celsius Network (CEL)?
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.
Celsius aims to outperform banks at their own game by offering financial services on the kind of terms that traditional financial institutions no longer offer. These include much higher rates of returns on savings and deposits, much easier and fairer loan requirements, and automated rewards computed for each user algorithmically. Penalties and bank-style fees are also waived.
Celsius Network (CEL) Price Prediction 2022
Celsius Network holds the 99th position on CoinGecko right now. CEL price prediction 2022 is explained below with an hourly time frame.
The descending Broadening Wedge is basically the opposite of the Ascending Broadening Wedge. It is generally formed during a downtrend. Divergent to the falling Wedge, where the price action contracts as the patterns mature, the Descending Broadening Wedge widens as the two trend line that has formed diverge from one another. The descending broadening Wedge is measured to be a reversal pattern,k, and is bullish in natu8re. Although the pattern is typically a signal of reversal, a continuation of the downtrend is still possible.
Currently, CEL is in the range of $2.08. If the pattern continues, the price of CEL might reach the resistance level of $4.59701162 & $5.82317480. If the trend reverses, then the price of CELmay fall to $1.97322487.
Celsius Network (CEL) Support and Resistance Level
The below chart shows the support and resistance level of CEL.
From the above daily time frame, it is clear the following are the resistance and support levels of CEL.
| Resistance Level 1 | $3.33737442 |
| Resistance Level 2 | $4.58403394 |
| Resistance Level 3 | $5.97316882 |
| Resistance Level 4 | $6.97049643 |
| Resistance Level 5 | $8.1531583 |
| Support Level 1 | $2.06696901 |
The charts show that CEL has performed a bullish trend over the past month. If this trend continues, CEL might run along with the bulls overtaking its resistance level at $8.1531583.
Accordingly, if the investors turn against the crypto, the price of the CEL might plummet to almost $2.06696901, a bearish signal.
Celsius Network Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of CEL is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of CELlies is below the cutoff line, indicating weaker participants in the current trend.
More so, the CEL’s Moving Average (MA) is shown in the chart above. Currently, CEL is in a bearish state. Notably, the CEL price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CEL at any time.
Meanwhile, the relative strength index (RSI) of the CEL is at level 21.11. This means that CEL is in an oversold state. However, this means a major price reversal of CEL may occur in the upcoming days. So, traders need to trade carefully.
Celsius Network Price Prediction 2022 — ADX, RVI
Let us now look at Celsius Network’s Average Directional Index (ADX). 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.
The above chart represents the ADX of Celsius Networks. Currently, CEL lies in the range of 48.09780699, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of CEL. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CEL lies is below the 50 levels, indicating that the direction of volatility is low. In fact, CEL’s RSI is at a 21.11 level thus confirming a potential buy signal.
Comparison of CEL with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Celsius Network.
From the above chart, we can identify the trend of the ETH, BTC, and CEL is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CELalso increases or decreases respectively.
Conclusion
With continuous improvements in the Celsius Network network, we can say that 2022 is a good year for CEL. For this reason, the bullish price prediction of Celsius Network in 2022 is $8.1531583. On the other hand, the bearish CEL price prediction for 2022 is $2.06696901.
Furthermore, with the advancements and upgrades on the CEL ecosystem, the performance of CELwould help to reach above its current all-time high (ATH) $8.05 very soon. But, it might also reach $10 if the investors believe that CEL is a good investment in 2022.
FAQ
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.
CEL has been listed on many crypto exchanges which include OKX, FTX, Bybit, Gate.io, and HitBTC.
With the ongoing developments and upgrades within the CELplatform, it has a high possibility of reaching its ATH soon.
On June 04, 2021, CELreached its new all-time high (ATH) of $8.05.
Celsius Network (CEL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CEL in the past few months, CEL is considered a good investment in 2022.
Celsius Network (CEL) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Celsius Network (CEL) will hit $10 soon.
Celsius Network (CEL) price is expected to reach $10 by 2023.
Celsius Network (CEL) price is expected to reach $16 by 2024.
Celsius Network (CEL) price is expected to reach $23 by 2025.
Celsius Network (CEL) price is expected to reach $30 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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