Celsius Price Prediction – Will CEL Price Hit $15 in 2022?

This Celsius Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our CEL price analysis and prediction.

Celsius (CEL) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto was able to achieve an all-time-high price of $8.02 on June 3, 2021. This amazing performance of CEL enables the network to attract crypto investors around the world.

Can CEL reach $15 in 2022? We will find out shortly. But before we proceed to our CEL analysis, let us first answer the question “What is Celsius?” in this CEL price prediction 2022 article.

What is Celsius (CEL)?

Celsius (CEL) is a financial services and banking platform for cryptocurrency users. Moreover, the company was launched in June 2018, offering rewards for depositing digital assets as well as services that include loans and wallet-style payments. 

More so, the users of the platform get regular payouts and interest on their holdings. Furthermore, the Celsius’ native token is CEL which performs various internal functions. These functions include boosting user payouts if utilized as the payment currency.

Now that we are clear about Celsius do you think CEL will be beneficial crypto in 2022? Join me and let us see the charts in this CEL price analysis and CEL price prediction.

Celsius (CEL) Current Market Status

As of the time of writing this Celsius price analysis, CEL trades at $3.83 with a 24-hour trading volume of $4,425,782. The price of CEL has increased by 1.92% in the last 24 hours.

Furthermore, CEL has a current circulating supply of 238,863,519.83 CEL. Currently, the top cryptocurrency exchanges for CEL are OKEx, FTX, Bybit, HitBTC, and FMFW.io.

Now, let’s proceed to the next part of this CEL technical analysis for 2022.

Celsius (CEL) Price Analysis 2022

Currently, CEL holds 91st place on CoinMarketCap. But will the latest upgrades, development, and changes in the CEL blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this CEL price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Channel pattern. A descending channel is the price action that takes place in a downward direction through a sloping parallel line. Also, the chart displays the lower highs and lower lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, CEL turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is above 48.99, which means that CEL is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of CEL.

Since the start of 2022, CEL’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, CEL has a competitive market this 2022.

Celsius (CEL) Price Prediction 2022

The chart below shows that CEL has performed great over the past few days. Moreover, the CEL price shows a bullish trend. If this trend continues, CEL might run along with the bulls, overtaking its $10.12 resistance level and moving higher.

Conversely, if the investors turn towards the crypto, the bears might take over and push CEL from its uptrend position. In simpler terms, the price of CEL might plummet to almost $3.42, a bearish signal.

Meanwhile, our long-term CEL price prediction for 2022 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.

Celsius (CEL) Price Prediction 2023

If this bullish trend continues, CEL will reach $20 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $25. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the CEL future.

Celsius (CEL) Price Prediction 2024

If CEL holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $35, making it not plummet but play consistently.

Celsius (CEL) Price Prediction 2025

As per the latest upgrades, developments, CEL price prediction, and new project forecasts of the platform, CEL investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of CEL in the crypto market, and it will be the best investment as the price can spike and reach around $50.

Celsius (CEL) Price Prediction 2026

In the next four years, CEL’s price could race up to $75. However, 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. This indicates that CEL has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

CEL has a bright future ahead of it in 2022. With the ongoing developments happening within the CEL ecosystem, as well as in the overall crypto market, we may see CEL reach new heights.

Bullish CEL price prediction 2022 is $15. As said above, it may even reach its new ATH if investors have decided that CEL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.