Celsius (CEL) Price Prediction: Will CEL Price Hit $5 in 2022?

• Bullish Celsius (CEL) price prediction ranges from $2.29167-$4.04085.
• Analysis suggests that CEL’s price might reach $5 soon.
• CEL’s bearish market price prediction for 2022 is $2.29167.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Celsius (CEL) is one of them.

The Celsius Network is a fintech platform that facilitates the holding of interest-bearing savings accounts, taking out loans, and making payments using both digital and fiat currency. Celsius gives back 80% of its profits to the community in the form of rewards and uses the remaining 20% to fund new initiatives.

If you are interested in the future of CEL and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Celsius (CEL)?

Celsius (CEL) is a cryptocurrency-specific banking and financial services platform. It was launched in June 2018 and offers rewards for bitcoin deposits as well as services such as loans and wallet-style payments. Users of the platform get paid every month and earn interest on their investments. Celsius’ native token, CEL, serves several internal purposes, including increasing user payouts when used as a payment currency.

Celsius wants to outperform banks at their own game by providing financial services on terms that traditional financial institutions no longer provide. These include substantially greater rates of return on savings and deposits, much simpler and fairer loan conditions, and rewards that are automatically determined for each customer based on an algorithm. 

Penalties and bank-style fees are also waived. The network also serves as a wallet through its CelPay feature and hosts its CEL currency, which users may utilize to boost payout value, among other things.

As a for-profit organization, Celsius takes a cut of interest payment profit margins but still returns 80% to users. Additionally, the organization lends to institutional companies like hedge funds. Because loans are collateralized, payments are guaranteed, and any borrower must provide more than 100 percent of the amount borrowed in the destination currency.

Celsius’s token employs a modified proof-of-stake algorithm, and broader security methods were discussed in a special presentation in June 2020, which is still available on the company’s website. As with any client-oriented wallet, there is a risk of theft through attacks such as SIM-swapping if users do not have proper security measures in place, such as two-factor authentication.

Celsius (CEL) Current Market Status

According to CoinMarketCap, Celsius (CEL) is currently trading at $2.75 at the time of writing, with 238,863,520 CEL in circulation. CEL has a 24-hour trading volume of $40,373,017.31, and during the previous 24 hours, the price of CEL has increased by 13.23%.

At the moment, the most popular exchanges to trade Celsius (CEL) are OKX, CoinW, ByBit, MEXC, and FTX. Let’s continue with our CEL price research for 2022.

Celsius (CEL) Price Analysis 2022

Currently, CEL ranks 68th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Celsius’ most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s CEL price forecast first.

Celsius (CEL) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Celsius (CEL) can be predicted using the Keltner Channel indications for CEL/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Celsius (CEL) Price Analysis – Relative Strength Index

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 55.14. A movement above 50 indicates that more traders are buying CEL rather than selling, and this is driving the price up. 

Celsius (CEL) Price Analysis – Moving Average

Above is a 4-Hour of Celsius’s (CEL’s) 200-day, 100-day, and 50-day Moving Averages (MAs). Looking at the chart above, CEL has been running bull. The candlesticks are above 200-MA indicating that the market is entirely bullish. Since the 200-MA is below the 100-MA, we can expect the price is bearish for the short term. Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Celsius (CEL) might experience a big rise or fall in the future.

Celsius (CEL) Price Prediction 2022

By looking at the daily chart of CEL/USDT, the CEL price was bullish since the price was around $0.86873. After breaking out of the resistance zone at $1.59814-$1.07799, CEL achieved a significant bullish pump on August 13, 2022. It reversed from the resistance level of $4.52770 and is expected to be bearish in the coming weeks.

Meanwhile, our long-term CEL price prediction for 2022 is bullish since it cannot break the support level. We can expect CEL to reach $5 this year. 

Celsius (CEL) Price – Resistance and Support Levels

The chart above shows that the price of CEL has decreased in the past few months. Moreover, the price of CEL is down by 4.08% in the past 24 hours after a slight pump during the week. If this continues, CEL might keep running bulls, breaking its $3.44556 resistance 1 level, and eventually moving higher to the $4.

If CEL cannot break the $0.3092 resistance 1 level, the bears may seize control and dethrone CEL to a downtrend stance. In simple terms, the price of CEL might fall to almost $2.29167, indicating a negative signal given by the previous support level.

Celsius (CEL) Price Prediction 2023 

Celsius (CEL) will hit $1.51828 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $3.44556. The growth will thereafter moderate, but no significant drops are forecast. 

Celsius (CEL) Price Prediction 2024 

Celsius (CEL) price can rise to incredible heights, peaking at $4.99531. This is only feasible if the market continues its upward path and only if Celsius breaks through the past psychological resistance levels.

Celsius (CEL) Price Prediction 2025

CEL price might grow to $5.67475 during the next three years. Furthermore, hitting this level may not be so tough for CEL because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Celsius (CEL) Price Prediction 2026

CEL price might grow to $6.54022 during the next four years. Furthermore, hitting this level may not be so tough for CEL because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Celsius (CEL) Price Prediction 2027

CEL price might soar to $9.03960 in the next five years. Furthermore, hitting this level may not be so difficult for CEL as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, CEL has a strong chance of reaching the previous ATH.

Celsius (CEL) Price Prediction 2028

In the next six years, CEL price could rise to $13.08389. More so, reaching this level might be easy for CEL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CEL has a strong chance of reaching the previous ATH.

Celsius (CEL) Price Prediction 2029

In the next seven years, CEL price could rise to $17.12818. More so, reaching this level could not be so difficult for CEL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CEL has a strong chance of reaching the previous ATH.

Celsius (CEL) Price Prediction 2030

In the next eight years, CEL price could rise to $19.62755. More so, reaching this level could not be so difficult for CEL as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CEL has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $10 if investors have decided that CEL is a good investment along with mainstream cryptocurrencies.   

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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