Celsius Price Analysis — June 13
CEL tumbled by over 82% over the past 24 hours, falling from the $0.500 top to the $0.090 low yesterday. The lending protocol crypto has now tapped its lowest point on record. The emerging developments triggered a market-wide liquidation, with the total crypto market valuation shedding over 12% in the last 24 hours.
Notably, trading conditions are still not in overheated conditions, posing the possibility of a gap close to the $0.090 in the coming hours. However, Celsius could see heavy accumulation at this level as traders pick it up at a discount. With the broader market sentiment steeped in bearish territory, a meaningful bullish rebound appears out of reach in the meantime.
Meanwhile, my resistance levels are at $0.250, $0.350, and $0.500, and my support levels are at $0.150, $0.100, and $0.090.
Total Market Capitalization: $969.9 billion
Celsius Market Capitalization: $47 billion
Market Rank: #359
Notably, trading conditions are still not in overheated conditions, posing the possibility of a gap close to the $0.090 in the coming hours. However, Celsius could see heavy accumulation at this level as traders pick it up at a discount. With the broader market sentiment steeped in bearish territory, a meaningful bullish rebound appears out of reach in the meantime.
Meanwhile, my resistance levels are at $0.250, $0.350, and $0.500, and my support levels are at $0.150, $0.100, and $0.090.
Total Market Capitalization: $969.9 billion
Celsius Market Capitalization: $47 billion
Market Rank: #359
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