In this Celer Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for CELR-USDT. Celer Network (CELR) is a decentralized platform that enables fast and secure inter-blockchain communication. By providing a scalable infrastructure for cross-chain interactions, CELR aims to unlock the full potential of blockchain technology and bridge the gap between different blockchain ecosystems. With its innovative approach to inter-blockchain communication, Celer Network has the potential to revolutionize the way we interact with different blockchains and create a more connected and robust blockchain landscape.
Celer Network Price Overview:
As of September 22, 2023, Celer Network is trading at approximately 0.01169 USDT. Let’s dive into the detailed price action for CELR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01144 |
| High (H) | 0.01174 |
| Low (L) | 0.01134 |
| Close (C) | 0.01169 |
| Volume (C) | 45,286,187.20 |
- Open (O): The opening price for today’s trading session was approximately 0.01144 USDT.
- High (H): Celer Network reached a daily high of around 0.01174 USDT.
- Low (L): The daily low for CELR-USDT was approximately 0.01134 USDT.
- Close (C): At the time of analysis, Celer Network is trading near its daily close of 0.01169 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.10% |
| 3D Change (%) | -0.34% |
| 7D Change (%) | 0.69% |
| 30D Change (%) | -1.18% |
| 90D Change (%) | -30.33% |
| YTD Change (%) | 23.18% |
Over the past three days, CELRUSDT has dropped by approximately -0.34%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CELRUSDT maintaining a downward trend of approximately -1.18%, despite intermittent fluctuations. Examining the last 90 days, CELRUSDT has witnessed substantial decrease of approximately -30.33%, reflecting strong long-term confidence. Year-to-date, CELRUSDT has steadily appreciated by around 23.18%, 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 0.48444.
- Momentum score is -0.01183.
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 45,286,187.20 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 44.60654. 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.
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.
