In this Celer Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for CELR-BTC. Sure, here are three sentences about Celer Network (CELR) cryptocurrency: Celer Network is a high-performance blockchain platform that utilizes off-chain workloads to enhance scalability and reduce congestion on the main chain. With its novel multi-chain architecture and innovative use of off-chain workloads, Celer Network aims to provide a more efficient and cost-effective solution for decentralized applications (dApps) and other blockchain use cases. By leveraging sharding and parallel processing, Celer Network enables faster transaction finalization times and lower fees, making it an attractive option for users looking for a high-performance blockchain platform.
Celer Network Price Overview:
As of October 03, 2023, Celer Network is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for CELR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 2,233,280.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Celer Network reached a daily high of around 0.0 BTC.
- Low (L): The daily low for CELR-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Celer Network is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.22% |
| 3D Change (%) | 0.00% |
| 7D Change (%) | 0.00% |
| 30D Change (%) | 6.98% |
| 90D Change (%) | -17.86% |
| YTD Change (%) | -20.69% |
Over the past three days, CELRBTC has dropped by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around 0.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CELRBTC maintaining an upward trend of approximately 6.98%, despite intermittent fluctuations. Examining the last 90 days, CELRBTC has witnessed substantial decline of approximately -17.86%, reflecting strong long-term confidence. Year-to-date, CELRBTC has steadily dropped by around -20.69%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Celer Network Live Chart:
You can access a live price chart for CELR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.38385.
- Momentum score is 0.06977.
CELR BTC Technical Analysis
Celer Network Trading Volume:
The trading volume for Celer Network (CELR) over the past 24 hours has been insignificant, with approximately 2,233,280.00 BTC traded against CELR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): CELR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Celer Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CELR-BTC is currently in the neutral zone, around 49.50669. This suggests that Celer Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Celer Network (CELR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
