The Celsius Price Surges 50% in 24 Hours
The price of Celsius (CEL) has experienced a significant surge, increasing by 50% within a 24-hour period. As of 6 a.m. EST, the price of CEL stood at $0.2696. This surge in price comes ahead of an eventful week in the cryptocurrency space that has contributed to the recent bull run. Currently, CEL is trading 86% higher than its price from the previous seven days, indicating strong bullish dominance on the token.
Positive Indicators for a Bullish Future
When looking at the 2-hour CEL/USDT charts, there are several indicators that suggest this bullish trend will continue. The 5-day moving average has surpassed the 15-day moving average, forming a golden cross that indicates a likely bullish future for Celsius. The RSI is also showing an upward trajectory in the overbought region, signaling no signs of bearishness on Celsius and serving as a positive indicator for a bullish future.
The MACD is also in the green zone, further indicating bullishness on the token. Volatility levels on Celsius remain high, as seen from the diverging Bollinger Bands. Additionally, trading volume has surged by 213%, suggesting a likely continuous volatile future for Celsius as attention on the token increases.
Celsius on a Recovery Trajectory
Celsius currently sits 70% below its previous one-year price due to its native firm filing for bankruptcy. However, with the recent surge in price, CEL is now on a recovery trajectory. As Celsius gains momentum, another altcoin called Meme Kombat (MK) is also making waves with its potential for exceptional financial gains.
Meme Kombat: Blending Memes and Crypto Gambling
Meme Kombat (MK) is a new contender in the meme-based cryptocurrency arena. It combines the charm of internet memes with the allure of crypto gambling, creating an exciting fusion. MK offers enthusiasts the opportunity to participate in betting activities centered around showdowns among popular meme figures such as DOGE, SHIB, and Pepe the Frog. The platform has been thoroughly scrutinized for security and reliability by Coinsult.
With innovative Play-to-Earn combat models, attractive staking incentives reaching up to 112% APY, and robust tokenomics, Meme Kombat is prepared to navigate the volatile meme currency sphere.
Meme Kombat Hits $750K in Funding
Meme Kombat has surpassed $750K in funding, indicating promising initial momentum within the retail investor community. The project has gained endorsements from prominent figures in the crypto space due to its inventive business approach and growth prospects. With strategic advancements planned for the meme coin market, Meme Kombat aims to follow in the footsteps of successful predecessors like PEPE and DOGE.
Hot Take: Keep an Eye on Celsius Price Amidst Meme Coin Momentum
As both Celsius and Meme Kombat experience significant developments, it’s crucial to keep a close eye on the Celsius price. With its recent surge and positive indicators for a bullish future, Celsius holds the potential for further gains. Meanwhile, Meme Kombat’s unique blend of memes and crypto gambling presents an intriguing opportunity in the meme-based cryptocurrency market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.