Celsius Token (CEL) Price Forecast in 2022: Will CEL Reach $10 Soon?

Abstract:

• Price forecast for CEL going up: from $0.4873 to $1.5401.
• The price of CEL will also rise to $10.
• In 2022, the pessimistic market forecast for CEL is $0.1733.

In this article, we’re taking a closer look at Celsius Token (CEL) price forecast in 2022, we use a wide variety of indicators and data, including RSI, RVOL and others to analyze the price of CEL in 2022. Let’s get started.

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Celsius Token (CEL) ,Explained

The Celsius Token (CEL) token is the internal cryptocurrency of the Celsius decentralized financial institution (DeFi) and cryptocurrency bank. In June of 2018, CEL was released as an ERC-20 coin. The Celsius Token uses a proof-of-stake consensus system that has been tweaked to power its blockchain.

Celsius is a popular cryptocurrency lending platform that provides access to crypto-collateralized loans. Staking CEL tokens allows users to accrue prizes and interest. Crypto-based loans can also be backed by CEL tokens.

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Celsius Token (CEL) Price Forecast in 2022

At now, Celsius Token (CEL) is ranked 193rd on CoinGecko. Read on for a monthly CEL price forecast through 2022.

 

There is a falling wedge pattern visible on the weekly chart for CEL. Both the high and low trend lines of a falling wedge pattern converge near the bottom of the formation. In most cases, a reversal of trend is signaled by a wedge pattern. In particular, the inverted falling wedge indicates a change in trend that favors buyers.

A price trend upswing is signaled by this pattern breaking out. The preceding graph suggests that the downward trend is losing steam.

The price of one Celsius Token token (CEL) right now is between $0.3256 and $0.3258. CEL could face selling pressure between $0.2402 to $0.4240 if the current trend persists. Temperature Network (CEL) might reach a price of $0.1776 if the current trend were to reverse.

 

 

Celsius Token (CEL) Price Forecast: RVOL, MA, and RSI

The following graph depicts the Relative Volume (RVOL) of the Celsius Token (CEL). Traders can use it as a gauge to see how recent volume compares to historical volumes over a given time period. Since CEL’s current RVOL is below the threshold value, it follows that the present trend is being participated in by less robust people.

 

Plus, the chart above displays the Moving Average (MA) of Celsius Token (CEL). CEL is now in a bearish trend. The price of CEL can be shown to be entirely in a downward trend as it is currently trading below the 50 day moving average. Therefore, there is a risk of a reversal trend of Celsius (CEL) at any point.

Meanwhile, Celsius Token (CEL) has a relative strength index (RSI) of 35.45. This suggests that CEL is in an oversold state. This, however, suggests that Celsius Token (CEL) could experience a significant price reversal in the near future. So, dealers need to trade prudently.

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Celsius Token (CEL) Price Forecast:ADX, RVI

Next, we’ll take a peek at the ADX of the Celsius Token (CEL). This tool is useful for gauging the overall momentum of the current trend. This metric is calculated as the mean of the new and higher pricing points. Using DMI indicators and the ADX, this strategy aims to gauge the intensity of price movement in both the positive and negative directions.

 

The above graph is Celsius Token’s ADX (CEL). The current level of 41.073 for CEL is highly indicative of a trending environment.

The accompanying graph demonstrates the Celsius Token (CEL) Relative Volatility Index (RVI). Instead of tracking actual price changes, RVI tracks the rate of change in the standard deviation of those price changes. CEL’s Relative Strength Index (RSI) is below 50, indicating that volatility is minimal in both directions. The relative strength index (RSI) for CEL has reached the 35.45 level, suggesting a possible purchase signal.

Celsius Token (CEL) Price Forecast in 2023

Celsius Token (CEL) may reach $10 by 2023 if the current downward price movement entirely pauses in momentum and the trend reverses.

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Celsius Token (CEL) Price Forecast in 2024

There is hope that Celsius Token (CEL) will begin a positive trend after many infrastructure enhancements. If CEL is able to attract the attention of large investors, the price could rise to $16 by 2024.

Celsius Token (CEL) Price Forecast in 2025

There is a chance that Celsius Token (CEL) could reach $23 in the next three years if it manages to break through some of its key resistance levels and remains widely regarded as a superior investment opportunity among investors.

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Celsius Token (CEL) Price Forecast in 2026

Celsius Token (CEL) might surge over $30 over the next four years if it manages to hold above significant resistance levels and maintains its reputation as a superior investment option among investors.

Celsius Token (CEL) Price Forecast in 2027

If Celsius Token (CEL) can keep pushing through significant resistance levels and remain widely regarded as a superior investment option among investors over the next five years, the stock might see a surge to $37.

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Celsius Token (CEL) Price Forecast in 2028

The stock price of Celsius Token (CEL) could see large gains if the company can maintain its current course as a superior investment option over the next six years, despite the market’s gyrations. By that logic, CEL would be worth $43 in 2028.

Conclusion

Consistent upgrades to the Celsius Token indicate that 2022 will be a prosperous year for CEL. Given this, the optimistic price forecast for Celsius Token (CEL) in 2022 is $1.5401. However, the Celsius Token (CEL) price forecast for 2022 according to the negative scenario is only $0.1733.

Furthermore, Celsius Token (CEL) performance would aid in surpassing its current all-time high (ATH) of $8.05 very soon with the developments and additions to the Celsius ecosystem. It could be as low as $5 in 2022, but if investors see the value in Celsius Token (CEL), it could rise to $10.