Celsius is a blockchain-based platform for curated services like fair interest rates, zero costs, and speedy transactions. The Celsius ecosystem wishes to harness the power of disruption in the financial services industry. In other words, their aim is to introduce financial freedom through digital money. CEL is their native token. Past Performance On March 2, 2021, the opening price of CEL was $4.85. As of March 8, 2021, the closing price of CEL was $5.60. Thus, the CEL price has risen by approximately 15%. In the past 24 hours, the CEL price has fluctuated between $5.50 and $5.70. https://ift.tt/3v8Ypvp Day-Ahead and Tomorrow Currently, CEL is trading at $5.50. The price has dropped from the opening price of $5.60. The market seems bearish as the price is downtick. It may imply price corrections too. At present, the RSI indicator is at 53%. A few minutes back it was above the 70% mark in the ‘overbought’ region. Thereafter, it fell to the current level. Thus, buying pressures have started decreasing, and selling pressures are increasing. Thus, we can expect a price pullback. The MACD and signal lines have just changed signs and turned positive. The bullish crossover by the MACD line over the signal line implies an impending trend reversal. Thus, we can expect the price to rise after a temporary price dip. The A/D indicator is upward sloping. Thus, whale accumulation is higher than whale distribution. Thus, high demand for the CEL token will push its price upwards. CEL Price Analysis Currently, the price is below the first Fibonacci pivot support level of $5.52. However, the price is sticky at $5.5 for some time. Hence, with a positive market trend gaining strength, the price may soon surpass the Fibonacci pivot point of $5.6 and resume the uptrend. At present, the price is below the 23.6% FIB retracement level of $5.55. But, by the end of the day, we can expect the bulls to become strong. The price may break out of this level soon. In that case, the price uptrend will continue tomorrow as well.
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