Celsius technical analysis explains that it is a blockchain ecosystem that aims to make digital currency accessible to all. It provides lucrative rewards and high flexibility to procure loans, send money to near and dear ones, and create wealth. CEL is the utility token of this network that helps users gain higher rates on earnings and lower rates on borrowings. Past Performance On March 25, 2021, the opening price of CEL was $4.76. As of March 31, 2021, CEL closed at $4.80. Thus, in the past week, the CEL price has barely increased by 1%. In the last 24 hours, CEL has traded between $4.59-$4.88. https://ift.tt/3weZmmB Day-Ahead and Tomorrow Currently, CEL is trading at $4.84. The price has increased from the opening price of $4.80. Thus, the market looks bullish. The MACD and signal lines are positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the CEL price to go up. The OBV indicator has fallen steeply. Thus, selling volumes are much higher than buying volumes. Heavy offloading activity will exert downward pressure on the CEL price. Hence, we can expect a price pullback. Currently, the RSI indicator is at 58%. It faced rejection at 64% FIB retracement level and fell to the current level. Thus, selling pressures are slowly mounting. Hence, we can expect the price to drop as selling volumes keep increasing. CEL Technical Analysis As per technical analysis, the price is above the Fibonacci pivot point of $4.75. However, some of the oscillators are showing bearish signals. Thus, the price may fall up to the pivot point before resuming its upward journey. The price is soon expected to test and fall below the 23.6% FIB retracement level of $4.81. By day close, if the price does not break out of this level, then probably a downtrend has set in. In that case, the bearish trend may continue tomorrow as well.
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