Celsius Token CEL Skyrockets 62%, Signaling Renewed Interest
- CEL’s price soared 62% to $0.5491, driven by renewed market demand and increased trading volume.
- Technical indicators suggest heightened volatility, with RSI at 90.91 and Bollinger Bands widening.
- Celsius is restructuring post-bankruptcy, returning $3 billion in assets and creating Ionic Digital Inc.
CEL, the native token of Celsius Network, has seen its price climb more than 62% to $0.5491 on September 23, 2024. Market capitalization also grew by more than 60%, reaching $20.71 million according to market data. In the last 24 hours, the trading volume of CEL was more than $24 million, an increase of over 84%.
Price Surge and Technical Indicators
This sharp rise follows months of volatility for Celsius. The trading chart shows an upward price trend after a long period of fluctuations that has brought in renewed demand for the token.
The Relative Strength Index (RSI) rose to 90.91, which indicates an overbought level. Typically, a reading above 70 suggests an asset is overbought and there could be a pullback.
Read also: Celsius Files a Lawsuit Against Tether; Tether Fights Back: Report
The Bollinger Bands widened considerably i…
The post Celsius Token CEL Skyrockets 62%, Signaling Renewed Interest appeared first on Coin Edition.
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