In this Celer Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for CELR-USDT. Celer Network is a fast and secure blockchain platform that enables scalable decentralized applications (dApps) with high performance and low latency. Its off-chain workload processing mechanism allows for efficient handling of complex computations, making it an ideal choice for dApps that require high throughput and real-time processing. Additionally, Celer Network’s modular architecture enables the integration of various consensus algorithms and smart contract platforms, further expanding its use cases and versatility.
Celer Network Price Overview:
As of July 07, 2024, Celer Network is trading at approximately 0.01289 USDT. Let’s dive into the detailed price action for CELR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01342 |
| High (H) | 0.01344 |
| Low (L) | 0.01274 |
| Close (C) | 0.01289 |
| Volume (C) | 38,705,716.60 |
- Open (O): The opening price for today’s trading session was approximately 0.01342 USDT.
- High (H): Celer Network reached a daily high of around 0.01344 USDT.
- Low (L): The daily low for CELR-USDT was approximately 0.01274 USDT.
- Close (C): At the time of analysis, Celer Network is trading near its daily close of 0.01289 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.02% |
| 3D Change (%) | -1.68% |
| 7D Change (%) | -19.69% |
| 30D Change (%) | -42.91% |
| 90D Change (%) | -61.03% |
| YTD Change (%) | -40.46% |
Over the past three days, CELRUSDT has decreased by approximately -1.68%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -19.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CELRUSDT maintaining a downward trend of approximately -42.91%, despite intermittent fluctuations. Examining the last 90 days, CELRUSDT has witnessed substantial fall of approximately -61.03%, reflecting strong long-term confidence. Year-to-date, CELRUSDT has steadily decreased by around -40.46%, 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-USDT 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 0.66756.
- Momentum score is -0.35194.
CELR USDT Technical Analysis
Celer Network Trading Volume:
The trading volume for Celer Network (CELR) over the past 24 hours has been insignificant, with approximately 38,705,716.60 USDT 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-USDT is currently in the low zone, around 30.90291. This suggests that Celer Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Celer Network (CELR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Celer Network’s (CELRUSDT) potential challenges at 1.29e-02 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Explore more with our thorough insights on CELR BTC Celer Network Technical Analysis — an essential read if you enjoyed the content of this post.
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.