Celer Network Price Analysis: Will CELR Price Slip Below $0.015?

• The price of Celer network is trading at the price of $0.013973374. The coin’s price declined by -5.23% in the last 24 hours.
• The Celer network price is observing an increase of -1.56%  in the last 7 days.
• The market capitalization of Celer Network at $79386516.

Trend Evaluation

By evaluating the price data of Celer Network, it can be said that it is in a downtrend currently. The price inclined by -1.56% in the last seven days and we can say that the Celer Network is underperforming right now. From its peak price of $0.194843, it fell -92.78% in a year and demolished the investors’ wealth. The current market sentiments are not good. There is no big volume or even buyers available in the current market condition.

Celer Network Technical Analysis

EMA: The price of Celer Network is slipped below 50 and 200 EMA right now and it suggests that the price is in a bearish trend. If the bears continue to push the price downwards, it could fall more in value in the upcoming week if current support will be destroyed by the sellers. 

RSI: The RSI line has been moving in the oversold zone. The RSI line is around 35.46. The 14 SMA has a value of 35.33 points. This indicates that the Celer Network market is in the oversold zone.

MACD: Right now, MACD is giving bearish views. The MACD line is below the signal line and both the MACD line and the signal line are beneath the zero line hinting the bearish sentiments about the price.

Trendline Analysis:

The price is already broken the major trendline support and it is going downward. So, the price of the Celer Network can continue to fall up to the next support, and if it breaks the next, it can go down more.

Volume Analysis: The Celer Network trading volume of 24 hours is $6197673 with a 9.00% decrease in volume in the last 24 hours. There is no such great boost in the volume of the coin.

Technical Levels:

• Support – The current support level of the Celer Network is $0.085.

• Resistance –The current resistance level of the Celer Network is $0.023.
  

Conclusion

Celer Network is facing a tough time in the market. According to the present data and analysis, we can say that it is in the bear’s control. The price action suggests that the price may fall more in the upcoming days and the reason behind this is the price broke its major trendline support level. Celer Network’s price shows a pessimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD are giving negative signals about the Celer Network coin. The fear is growing among investors because of the poor performance of the coin. Recovery signs are not visible in the coin as well.

Disclaimer

The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.