The Current State of Celsius
The price of Celsius (CEL) has seen a 4.4% increase over the past 24 hours, trading at $0.2711 as of 8:40 pm EST. The trading volume also rose by 76.5% in the last 24 hours to $3.38 million, leading to a weekly performance gain of 23.9%. This increase comes after court approval of a restructuring plan that will allow clients to recover their money in Bitcoin and establish a new business controlled by Celsius’s creditors.
Investors flocked to CEL trades, causing the price to surge by 36% from its consolidative support zone of $0.11.
Celsius Price Poised To Reach New Highs
The price of CEL is experiencing a strong recovery after a prolonged consolidation phase, resulting in a bullish trend. The strong support zone at $0.11 indicates a potential long-term bullish trend, giving impetus for the bulls to target the $0.68 resistance level.
CEL’s price has consistently remained above the 200-day and 50-day moving averages, supporting the bullish viewpoint. The relative strength index shows an uptrend, rebounding from 39 to 83.
Celsius Price Prediction
CEL is expected to reach new highs as it rebounds on the moving averages. However, if the $0.36 resistance level holds, bears may take advantage and correct the price.
TG.Casino: Presale Edging Toward $2 Million Milestone
TG.Casino has had significant success in its presale campaign, raising almost 73% of its original $2.5 million objective. Users can lock up their TGC tokens and earn prizes and rewards through the platform’s staking scheme.
Earn Passive Income Through Referrals, 25% Cashback
By actively engaging in TG.Casino’s presale via your unique referral link, you stand a chance to win big during the presale, walking away with $5,000.
Hot Take: The Future of Celsius and TG.Casino
Celsius is poised for further growth as it recovers from its consolidation phase and court approval for its restructuring plan. On the other hand, TG.Casino’s presale is inching closer to its milestone goal of $2 million, offering lucrative opportunities for early investors.
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.