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Home Celsius

Celsius Network’s Daily Transaction Count is 296 – How Did it Impact Price?

by Source in article
June 6, 2022
in Celsius
0
CEL

The Hourly View for Celsius Network

  • At the moment, CEL’s price is down $-0.01 (-0.3%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Of note is that the 100 hour changed directions on CEL; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Celsius Network’s hourly price chart is shown below.

The Daily View for Celsius Network

  • At the time of this writing, CEL’s price is down $-0.01 (-0.3%) from the day prior.
  • The daily chart shows that Celsius Network has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between CEL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in CEL’s price.

Below is a daily price chart of Celsius Network.

CEL

The Latest From CEL’s Blockchain

  • CEL’s count of active addresses now stands at 234.
  • Over the past 29 weeks, the trend for CEL’s average transaction value has been choppy and unclear. It has oscillated between 225.68 and 601599.7391.
  • CEL has a daily large transaction count of 2, down 77.78% from its value day prior.

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