- Celer Price has risen 2% over the last 24 hours to trade at $0.0767.
- CELR remains bullish as it trades within the confines of an ascending parallel channel.
- Celer Network price prediction is bullish as it aimed for a 31% rise to areas above the $0.10 level.
The Celer price is trading at $0.0767 with a bullish bias. The Celer Network price is up 2% over the last 24 hours with a trading volume of $180,875,556 over the same time frame. CELR is currently ranked at #136 on CoinMarketCap with a market capitalisation of $453,051,855 which has also increased by 0.7% over the last 24 hours. Celer Network token (CELR) has a circulating supply of 5,852,080,630 CELR coins and a maximum supply of 10,000,000,000 CELR coins.
Celer Price Chart Pattern Aims For $0.10
The Celer price has formed an ascending parallel channel chart pattern on the daily chart after successfully retesting the break-out level at $0.0444 embraced by the 200-day SMA on September 07 and September 08. Even if the sellers tried to pull Celer Network price below the 200- and 50-day SMAs during the Tuesday September 7 flash crash and Wednesday September 08, they could not hold the lower levels.
This drop allowed investors to board the ship in a ‘buy-the-dip’ scenario that has seen CELR rally 138% from a low of $0.0407 where the 50-day SMA coincide with the lower boundary of the ascending channel on September 08 to a high of $0.0970 on September 12.
Note that as long as the Celer price remains within the confines of the rising channel, it will continue to record higher highs. At the time of writing, CELR/USD price is trading in a second bearish session at $0.0767 and appears to be battling immediate resistance at the $0.0813 level. Note that a daily closure above this level will see the Celer Network coin rise higher to tag the $0.090 mark. A clear bullish breakout will be achieved once CELR breaks above this level to tag the tip of the upper boundary of the ascending parallel channel at $1.0. This represents a 31% move upwards from the current price.
CELR/USD Daily Chart
Celer’s bullish narrative is validated by the upsloping moving averages and the positive Parabolic SAR also which indicate that the CELR market momentum is bullish.
CELR has also sent two bullish cypto signals on the daily chart. The first one is the call-to-buy signal sent by the MACD indicator on September 11. This happened when the 12-day Exponetial Moving Average – EMA (blue line) crossed above the 26-day EMA (orange line) adding credence to the Celer Network’s bullish narrative. Second, the moving averages have formed a golden cross on the same time frame. This occurred yesterday when the 50-day SMA crossed above the 200-day SMA accentuating the bullish narrative.
These bullish technical indicators plus the fact that CELR sits on a strong support provided by particlarly the 50- and 200-day SMAs around the $0.0450 area and 100-day SMA at $0.0381 validate Celer’s bullish bias.
If things go awry for Celer and the asset closes the day below the immediate support at $0.0739, CELR price may drop towards the $0.0651 support wall. A drop further could see the Celer prie tag the $0.060 psychological level or the SMAs below it.
How To Buy CELR
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Nancy Lubale
