The Terra Luna ecosystem collapsed in May this year, which prompted Terraform labs to restructure the network. The old LUNA token was renamed Luna Classic (LUNC), while the old Terra network was renamed Terra Classic. The newly-launched Terra ecosystem was now rebranded under the old Terra Luna name.

Terra LUNA has failed to perform the same way as the old LUNA token. The LUNA token supporting the Terra 2.0 chain has lost 91.6% of its value since it was released in the market in late May 2022.

On the other hand, Luna Classic has failed to perform despite remaining on the old Terra Luna blockchain. According to CoinGecko, LUNA Classic has dropped by 100% from its all-time high. At the time of writing, LUNC was trading at $0.0000874, making it one of the penny cryptocurrencies in the crypto industry.

Tamadoge presale raises $5.7 million

Tamadoge is one of the most demanded cryptos in the crypto market, with the presale reporting increased interest from traders. The Tamadoge presale has already raised $5.7 million worth of funds, and more users continue to show interest in buying the meme coin that has launched with unique offerings.

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Tamadoge could skyrocket with 10x gains by launching it to the public through listings in centralized exchanges (CEXs) and decentralized exchanges (DEXs). The hard cap for the presale is set at $19 million, and the public sale could happen in the fourth quarter of 2022.

TAMA tokens can be purchased through the Tamadoge website using Ether, USDT, or fiat currencies. The presale could end sooner than planned because the current demand shows signs that the hard cap will be reached soon.

Crypto presales present a way for people to capitalize on other cryptos during the bear market. The ongoing decline across the cryptocurrency market has slowed investor confidence in some projects, with new cryptos such as Tamadoge (TAMA) presenting the ideal way for investors to be early in a project that could deliver notable returns in the future.

Successful presales usually have lower volatility than the rest of the cryptocurrency market. Some presales have recorded 10 to 100x gains. For instance, Battle Infinity’s IBAT token received overwhelming demand during the presale, recording more than 700% gain during the process.

Tamadoge has strong fundamentals

Tamadoge is one of the most-demanded tokens in the cryptocurrency market because of the solid fundamentals set up by the team behind the project. One unique factor about Tamadoge is that it is a meme coin with good tokenomics and increased utility.

Tamadoge has a fixed supply of 2 billion TAMA tokens. With this supply, investors can be assured that TAMA tokens will have a higher value as the demand grows. With these tokenomics, Tamadoge is superior to the other meme coins, giving it more value than the other meme coins in the market.

On the other hand, Tamadoge is also a crypto games project. It is a project that has also focused on blockchain gaming to give the token more utility. The P2E gaming ecosystem has been behind some leading projects such as Axie Infinity, The Sandbox, and Decentraland. The efforts made by the Tamadoge team could see the network achieve more significant goals.

Read more:

• How to buy Cryptocurrencies
• How to buy Terra LUNA

Algorand makes a smooth correction to the downside, after it has experienced rejection at the resistance around $0.3700. Nevertheless, this downward correction seems to have reached its end. Perhaps that was said too early, wasn’t it? Alright then let’s dive into the analysis of this market’s price activity.

ALGO Forecast Statistics Data:
ALGO Current Price: $0.3080
ALGO Market Capitalization: $2.1 billion
ALGO Systemic Supply: 6.9 billion
ALGO Overall Supply: 7.3 billion
ALGO Coinmarketcap Position: #31

Key Levels:
Top Levels: $0.3082, $0.3336, $0.3400
Bottom Levels: $0.3459, $0.3347, $3331

ALGO/USD Starts an upward Correction, as Tamadoge Gets Set for a Great Start

The ALGO/USD price chart is already showing signs of recovery, with the formation of the bullish candle at the lower limits of the Bollinger Band. Furthermore, this appears to be the start of an upside correction. Little may still be said about its magnitude though. However, considering the Stochastic RSI indicator, we might say this may be a significant uptrend. This assumption comes from the fact that the indicator lines have reached deeply into the oversold. Another is the fact that once an uptrend starts from here, there will be more room for the strength of the trend to develop, as price rises high.

Algorand Price Analysis: ALGO/USD Uptrend Appears Weak

Taking a look at the ALGO/USD 4-hour Chart, we see that a rebound occurred off the lower limit of the Bollinger. Nevertheless, this rebound seems very weak, as price action corrected downwards again not long after. Also, the Stochastic Indicator portrays weakness, as its faster line is currently bending towards the slower one.

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Consequently, if selling pressure should grow stronger, price activity may retrace downwards. Subsequently, this may land Algorands price at lower support of $0.300 and $0.290. A trader seeking to enter this market can place a buy stop at around $0.3300. By placing a buy stop here will assure traders that a significant uptrend has begun should the setup be triggered. However, lower entry prices can be placed, if one seeks to maximize profit, but the downside is that it is less safe.

Tamadoge is also securing strategic listings on centralized and decentralized exchanges as part of its roadmap. The first listing has already been secured on LBank. LBank is a centralized exchange, and the Tamadoge team is optimistic that TAMA could be paired with ETH to support the project’s rapid growth as it faces improved liquidity.

Related

• How to Buy Tamadoge
• Visit Tamadoge Website

Tamadoge – Play to Earn Meme Coin

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• Earn TAMA in Battles With Doge Pets
• Capped Supply of 2 Bn, Token Burn
• NFT-Based Metaverse Game
• Presale Live Now – tamadoge.io

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Binance coin traded in s smooth curved path, from its point of rejection at a higher resistance till it touches the lower limit. Furthermore, it seems as if BNB/USD price has rebounded off the lower limit, And may have begun retracing higher resistance.

Binance Coin Forecast Statistics Data:
BNB current price: $286.5
BNB market cap: $45.9 billion
BNB circulating supply:161.3 million
BNB total supply: 161.3 million
BNB Coinmarketcap ranking: #5

In this forecast we shall be critically examining the BNB/USD and BNB/BTC markets, trying to find what trading opportunities lies in there. We shall also try to figure out the best way we could approach this market, to make profits and minimize losses.

Major Price Marks:
Resistance levels: $26.5, $307, $328.5
Support levels: $316, $298, $278.9

Binance Coin Bulls May Be Recovering; When Tamadoge Set to Show Impressive Market Performance

Following a soft rejection at a higher resistance, BNB/USD price action has retracted its path back to lower support. Consequently, this lower support was found at the lower band of the BB (Bollinger band) Indicator. And, by close examination, it appears as if Price’s action has taken another soft rebound off this support towards the upside. This is because the Stochastic RSI lines crossed each other Just when this last bullish candlestick appeared. Furthermore, there must have been a gradual build-up to this. Perhaps the bulls may have been gathering strength gradually.

Additionally, the crossing of the SRSI may indicate that enough strength has been gathered by the bull for an upside correction. Consequently, this signifies that we might be at the start of an uptrend. Traders should place and set up their orders. An entry can be placed around $305, as the price seems set to rise from this point.

Binance Coin Price Analysis:  BNB/BTC Retraces Higher Price Levels

BNB/BTC chart portrays a reversal around the middle line of the BB Indicator. Progressively, price movements have been able to cross the upper part of the middle band of the Bollinger indicator. This could be pointing to the price development from the BNB/USD market. Perhaps, this confirms that price has commenced an uptrend in that market.

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Furthermore, the SRSI indicator further, portrays the uptrend as we can see that the lines of this Indicator are already trending upwards. Consequently, this is showing that the upward retracement is gathering strength even here. So in this market, we can anticipate value getting to around 0.014500.

Tamadoge is also securing strategic listings on centralized and decentralized exchanges as part of its roadmap. The first listing has already been secured on LBank. LBank is a centralized exchange, and the Tamadoge team is optimistic that TAMA could be paired with ETH to support the project’s rapid growth as it faces improved liquidity.

Related

• How to Buy Tamadoge
• Visit Tamadoge Website

Tamadoge – Play to Earn Meme Coin

Our Rating

• Earn TAMA in Battles With Doge Pets
• Capped Supply of 2 Bn, Token Burn
• NFT-Based Metaverse Game
• Presale Live Now – tamadoge.io

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Binance is the largest cryptocurrency exchange by trading volumes. Because of the high trading volumes on the exchange, new coins listed on the platform tend to record massive gains, even reaching new highs. Some of the five new Binance listings in 2022 include the following:

Tamadoge (TAMA)

Tamadoge is a new cryptocurrency that is currently in the presale stage. After the presale, Tamadoge could list on some of the largest exchanges, such as Binance. Despite being new, Tamadoge has a strong roadmap, and it also combines the aspect of meme coins, opening it up to the vast number of retail traders in the cryptocurrency market.

Tamadoge is a play-to-earn ecosystem that will allow players to mint, train, and battle with their doge pets. When a player successfully defeats another in battle, they climb up the leaderboard and are eligible for rewards in TAMA tokens.

The Tamadoge presale is live, and more than $5.5 million has been raised from the process. Unlike other meme coins, Tamadoge comes with unique features such as a capped supply of 2 billion coins and utility to drive demand and value for the tokens.

Battle Infinity (IBAT)

The other new crypto that could also be listed on Binance is Battle Infinity. Battle Infinity is also a blockchain-based gaming ecosystem. Battle Infinity’s native token, IBAT, was recently listed on one of the best DeFi exchanges, PancakeSwap.

The IBAT presale ended 66 days ahead of schedule, proving overwhelming demand for the token from traders. The token also pursues more listings on centralized exchanges (CEXs) and decentralized exchanges (DEXs).

Battle Infinity developers have been inspired by past successful projects such as Axie Infinity and The Sandbox. These projects have witnessed a notable growth in demand, something that Battle Infinity could replicate as the web 3.0 & crypto sector continues to grow.

Battle Infinity – New Metaverse Game

Our Rating

• Presale Sold Out Early – Upcoming PancakeSwap Listing
• First Fantasy Sports NFT Game
• Play to Earn Utility – IBAT Token
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Lucky Block (LBLOCK)

Lucky Block is one of the best-performing new cryptos in the market. Lucky Block was launched to transform the lottery gaming sector by promoting fairness through integrating blockchain technology. The Lucky Block NFT competitions platform is also attracting overwhelming interest from the crypto games community.

Lucky Block has some exciting developments coming its way. One of these is the listing of the KLBLOCK token on Gate.io. Gate.io is the fifth-largest exchange by trading volumes. After listing on Gate.io, the subsequent listing could be on Binance.

Lucky Block – Our Recommended NFT for 2022

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• New NFT Game Platform
• Featured in Forbes, Nasdaq.com, Yahoo Finance
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DeFi Coin (DEFC)

DEFC could also be listed on Binance soon. DeFi Coin is the native token for DeFi Swap. The latter is a platform that plans to transform the decentralized finance space by creating an easy way that traders can stake tokens and generate rewards.

The DeFi space has grown extensively over the past year as it seeks to solve the imminent challenges of traditional finance. The DEFC token could be listed on Binance because of its growing utility and the commitment of the team to achieve what it has set in its roadmap.

Quint (QUINT)

QUINT is yet another token that could secure a Binance listing this year. Quint offers a super staking platform that aims to be different from all other crypto staking projects in the DeFi industry.

QUINT is a BEP-20 token that offers physical rewards that can be distributed as prizes such as luxury holidays, airline tickets, raffles, and more.

Read more:

• How to buy Cryptocurrencies
• How to buy Binance coin

Bitcoin has been consolidating between the $21K to $24K range over the past few weeks. The consolidation comes in the backdrop of market recovery from a bear market that has persisted for most of the year.

However, despite Bitcoin’s growth, new projects threaten to displace it. One of these new projects is Tamadoge (TAMA) which has witnessed significant demand despite being in the presale stage.

Will Bitcoin pump to $30K in August?

Bitcoin has been recording a slight rally over the past few weeks. Bitcoin’s gains have been attributed to the market recovering after the devastating effects caused by the Terra Luna crash in May.

The broader crypto market is rallying because of the anticipation of the Ethereum Merge. Bitcoin is also reacting to the Merge news, having recovered its footing past $231K. As the Merge news continues to attract interest across the market, Bitcoin, alongside other tokens, including low cap cryptos, could deliver significant gains.

However, Bitcoin’s dominance in the crypto market as the most preferred cryptocurrency for payments could be threatened with the Merge, with Ethereum proponents saying that Ether will become ultrasound money. The recent bear market has also dampened investor faith in Bitcoin being a hedge against inflation.

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These contributing factors could see Bitcoin failing to achieve $30K this month despite attempting an uptrend. While Bitcoin is one of the safest choices in the market, adding other coins such as Tamadoge (TAMA) to your portfolio could see a trader deliver strong returns in the coming months.

Time to buy Tamadoge

Tamadoge (TAMA) is one of the newest cryptocurrencies in the market. TAMA is both a meme coin and a play-to-earn token that seeks to generate utility from the market that could see it achieve notable highs.

While Tamadoge is tapping into the potential and interest in meme coins, it has set itself apart from the other meme coins by having features such as a maximum supply of only 2 billion tokens. This is quite different from the other meme coins with an extensive supply, which reduces them to penny cryptocurrencies because the high supply cannot meet the existing demand in the market.

Another feature of Tamadoge is that it has ventured into the P2E ecosystem. P2E is one of the largest sectors across the cryptocurrency market. Some of the earliest blockchain projects like Axie Infinity and The Sandbox have witnessed notable growth in user base, and their projects have become renowned across the market.

The Tamadoge P2E ecosystem allows players to battle with their doge bets, and as they win in these battles, they receive rewards in the form of TAMA tokens. The doge pets will be in the form of Tamadoge NFTs.

TAMA, the native token of the Tamadoge ecosystem, has also seen growing interest during the presale. The TAMA presale has so far raised $5.5 million. The Tamadoge Telegram group has also continued to grow, with the group now surpassing 26,000 users.

After the presale is complete, Tamadoge plans to list the token on centralized exchanges (CEXs) and decentralized exchanges (DEXs). The listing could pump liquidity into TAMA, with the token achieving new highs in the coming days.

Read more:

• How to buy Cryptocurrencies
• How to buy Bitcoin

Five businesses have received desist notes from the Federal Deposit Insurance Corporation for supposedly making misleading statements about insurance linked to digital currencies. The corporation published a media update on Friday revealing cease and desist order for crypto trading FTX US, as well as webpages Cryptosec, Cryptonews, FDICCrypto, and SmartAssets. In the texts approved on Thursday, the government department claims that such institutions misled the general public regarding specific cryptocurrency-related goods being covered by FDIC.

The FDIC stated that these depictions regarding specific crypto-related goods being FDIC-insured or equities held in investment transactions being FDIC-insured are incorrect or deceptive. According to the controller, these businesses must take appropriate remedial action to rectify the falsified or deceptive declarations on their webpage, and community media account holders.

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Not the first time

The FDIC has already been outspoken about the absence of liability insurance for organizations other than banks, including crypto-focused businesses. The authority published a notice last July informing banking institutions in the US that they should evaluate and mitigate risk when entering into third-party partnerships with virtual currency providers. The corporation reaffirmed that while transactions covered by insurance banks are shielded against insolvency for approximately $250,000, crypto companies are not.

The FDIC is accused of taking an excessively harsh treatment of digital resources, even disheartening banking institutions from interacting with virtual currency providers. According to Cointelegraph, Pennsylvania’s senate candidate Pat Toomey, who still represents Senate Banking Committee, informed the FDIC manager and continued to act as chairman Martin Gruenberg of accusations created by a complainant. Toomey stated in the memo that he believes the FDIC is acting incorrectly to discourage banking institutions from venturing with legitimately cryptocurrency-related businesses.

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• How to buy Cryptocurrencies
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Scott Beck, CEO of the United Texas Bank, urged representatives of the government’s blockchain advisory committee to suggest a policy that would leave stablecoins to financial institutions rather than virtual currency firms.

Beck proposed restricting the disbursement of US dollar-backed altcoins to registered banks instead of lending institutions such as Circle just at Texas Work Group on cryptocurrency issues last Friday in the city of Austin. According to the Chief operating officer of UTB, a study from November carried out by the President’s workgroup on capital markets stated that stablecoin firms must be subjected to the exact requirements as insurance covers deposit accounts such as government and federal level authorized banks.

According to Beck, financial institutions are the appropriate economic actors to release and handle crypto assets if tokens are described as money. Banking institutions have the knowledge and legal structure to handle money because, unlike the current stablecoin stakeholders, banks are closely controlled on both the federal and state levels.

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He said that introducing stablecoin actions into the financial system and restricting non-banks from releasing cryptocurrency will improve consumer protection and attract more money and resources to this business activity.

Set on his idea

In answer to a query from working team participant and MoneyGram chief counsel Robert Villasenor, he asserted that stablecoin financial institutions such as Circle held assets at organizations other than banking institutions, successfully sucking funds out of the financial system. He went on to say that specific cryptocurrencies were highly susceptible to runs, which could endanger the economic system if the market reached a certain magnitude, and that keeping the disbursement to banking institutions guaranteed that the ‘Know Your Customer’ regulations were adhered to.

Beck’s suggestion was criticized as anti-competitive by Lee Bratcher, head of state of Texas Blockchain’s Council, who was present at the trial. The financial institution CEO responded that the main difference between certified banks and privately held businesses issuing crypto assets is that the money behind the currencies for the former might stay at the Fed, guaranteeing the money will be FDIC registered.

Circle’s USDC virtual currency is said to be 100% supported by money or cash counterparts such as deposit accounts, treasury notes, or corporate debt. In March, the virtual currency creditor declared that central bank BNY Mellon was in charge of custodying their USDC resources; at the moment of publication, over 52 billion cryptocurrencies were in circulation.

Following the adoption of the House Bill in 1576, the TWG on BM was formally established in September last year. As stated on the company’s website, its goal is to establish a blueprint for the growth of the crypto market in Texas and suggest laws and government investment opportunities related to blockchain.

Read more:

• How to buy Cryptocurrencies
• How to buy Bitcoin

Binance coin traded in s smooth curved path, from its point of rejection at a higher resistance till it touches the lower limit. Furthermore, it seems as if BNB/USD price has rebounded off the lower limit, And may have begun retracing higher resistance.

Binance Coin Forecast Statistics Data:
BNB current price: $286.5
BNB market cap: $45.9 billion
BNB circulating supply:161.3 million
BNB total supply: 161.3 million
BNB Coinmarketcap ranking: #5

In this forecast we shall be critically examining the BNB/USD and BNB/BTC markets, trying to find what trading opportunities lies in there. We shall also try to figure out the best way we could approach this market, to make profits and minimize losses.

Major Price Marks:
Resistance levels: $26.5, $307, $328.5
Support levels: $316, $298, $278.9

Binance Coin Bulls May Be Recovering; When Tamadoge Set to Show Impressive Market Performance

Following a soft rejection at a higher resistance, BNB/USD price action has retracted its path back to lower support. Consequently, this lower support was found at the lower band of the BB (Bollinger band) Indicator. And, by close examination, it appears as if Price’s action has taken another soft rebound off this support towards the upside. This is because the Stochastic RSI lines crossed each other Just when this last bullish candlestick appeared. Furthermore, there must have been a gradual build-up to this. Perhaps the bulls may have been gathering strength gradually.

Additionally, the crossing of the SRSI may indicate that enough strength has been gathered by the bull for an upside correction. Consequently, this signifies that we might be at the start of an uptrend. Traders should place and set up their orders. An entry can be placed around $305, as the price seems set to rise from this point.

Binance Coin Price Analysis:  BNB/BTC Retraces Higher Price Levels

BNB/BTC chart portrays a reversal around the middle line of the BB Indicator. Progressively, price movements have been able to cross the upper part of the middle band of the Bollinger indicator. This could be pointing to the price development from the BNB/USD market. Perhaps, this confirms that price has commenced an uptrend in that market.

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Furthermore, the SRSI indicator further, portrays the uptrend as we can see that the lines of this Indicator are already trending upwards. Consequently, this is showing that the upward retracement is gathering strength even here. So in this market, we can anticipate value getting to around 0.014500.

Tamadoge is also securing strategic listings on centralized and decentralized exchanges as part of its roadmap. The first listing has already been secured on LBank. LBank is a centralized exchange, and the Tamadoge team is optimistic that TAMA could be paired with ETH to support the project’s rapid growth as it faces improved liquidity.

Related

• How to Buy Tamadoge
• Visit Tamadoge Website

Tamadoge – Play to Earn Meme Coin

Our Rating

• Earn TAMA in Battles With Doge Pets
• Capped Supply of 2 Bn, Token Burn
• NFT-Based Metaverse Game
• Presale Live Now – tamadoge.io

Visit Site

LBLOCK: 21st of August

Lucky Block is putting up some interesting displays, refusing to downtrend after hitting a strong resistance. From our last post, it could be seen that LBLOCK has claimed a more elevated base of $0.002098, from the past one of $0.002080. However, this crypto seems not tired just yet as it looks set to take its worth even higher.

Lucky Block Value Now: $0.002098
Lucky Block Market Capitalization: $7.7 million
Lucky Block Moving Supply: ——
Lucky Block Entire Supply: 3.6 billion
Lucky Block’s Rank on Coinmarketcap: #3383

Crucial Price Mark:
Ceiling Marks: $0.002057, $0.002098, $0.002183
Floor Marks: $0.002094, $0.002057, $0.002028

LBLOCK Value Forecast: LBLOCK/USD Prepares to Trend Higher

Even after Lucky Block has faced rejection at an upper limit, the LBLOCK/USD  4-hours chart portrays that the price is not ready to fall. The 4-hour chart displays the appearance of an invert and a Bullish hammer candlestick. This is portraying that bulls are prepared to raise prices higher. Also, it can be viewed that price activity remains above the Moving Average curve of the Bollinger band, this indicates that an uptrend will still occur. Moving on, the faster Stochastic RSI indicator thread is now making a turn for a cross. This portrays s that the buyers are steadily gathering strength. So, from here, we may project that the price may eventually get to above $0.002310.

Lucky Blocks Value Forecast: LBLOCK/USD Targets  Higher Resistance

The LBLOCK/USD one-hour trading chart reveals the build-up to the upcoming uptrend. On this chart, we can see that an inverted hammer candlestick has just appeared and this is indicating a bullish reversal. Therefore, this indicates that an upside correction is already on its way. Also, it can be perceived that the Stochastic indicator has already gotten to the highly sold region. Summing up the candlestick formation and the Stochastic Indicator reading, Traders can enter this market with a buy stop, with entry near $0.002120 and a target above $0.002350.

Lucky Block (LBLOCK V2): Gate.io listing has been set to be done on 25th August.

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• How to Buy Tamadoge
• Visit Tamadoge Website

Tamadoge – Play to Earn Meme Coin

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• Earn TAMA in Battles With Doge Pets
• Capped Supply of 2 Bn, Token Burn
• NFT-Based Metaverse Game
• Presale Live Now – tamadoge.io

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Celsius slips by 31% and fails to extend its previous bullish rally. CELL fell below the $2.70 mark as the crypto market experienced a massive sell-off, sending many crypto coins down. The Celsius coin increased by 14% last week due to a favorable court decision.

A US bankruptcy court decision allowed financially troubled Celsius to sell newly mined bitcoin, causing CEL to ride the classic roller coaster once more. However, the company’s token has increased by 20% due to this news. However, the gains were only temporary, as the severe crypto market sell-off pushed many coins into negative territory.

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Celsius Price Review & Tokenomics

Celsius (CEL) currently trades at $2.69 with a 24-hour trading volume of $26 million. The 24-hour change in Celsius is a 10.95% decrease. Celsius is now ranked #67 in the market, with a live market capitalization of $641 million. It has a capacity of 696 CEL coins, but only 239 million are currently in circulation.

Celsius’s (CEL) price has risen from $0.28 to nearly $4 in the two months since its asset freeze was announced on June 14. Despite the recent drop in the dollar value, the value of the CEL token has remained relatively stable. Despite its outstanding performance, the Celsius (CEL) coin has yet to surpass the all-time high of $8.02 set in June 2021.

Customers’ Recovery

According to Thomas Braziel, cryptocurrency founder of 507 Capital, customers of the bankrupt cryptocurrency lender Celsius Network are likely to lose all of their money. On CoinDesk’s “First Mover” show, Braziel stated that the average recovery for clients could be between 50 and 60 cents on the dollar.

Celsius announced in June that it had ceased withdrawals due to a liquidity issue. It later declared bankruptcy in July. During its initial court hearing, the corporation presented a restructuring strategy centered on its mining operations.

It’s unclear whether this effort will aid or hinder the company’s recovery. If the price of bitcoin continues to rise, the company’s assets may be able to survive. It’s unclear whether the company’s retail customers would be willing to get their money back.

Bearish Crypto Market

The price of the cryptocurrency has continued to fall. Geopolitical tensions, which reduced investor risk appetite, were the sole cause of this. As popular cryptocurrencies such as Bitcoin, Ethereum, Polygon, Shiba Inu, Dogecoin, and Polkadot lost users, the market capitalization of all cryptocurrencies fell.

Because of an unexpected crypto sell-off in early European trade, the price of bitcoin fell to around $22,000 on Friday, its lowest level in more than three weeks. As a result, it was assumed that the bleak cryptocurrency market was one of the primary reasons for the Celsius (CEL) coin’s decline.

Celsius Slips by 31% – Quick Technical Outlook

The CEL/USD has dropped to $2.50 in the 4-hour timeframe after reaching a high of $3.10. The 50-day EMA is expected to provide significant resistance at $2.50, and a break above this level could extend the uptrend to $3.10. If the CEL breaks above $3.10, it will be exposed to the $3.50 and $4.43 levels.

CEL Price Chart – Source: Tradingview

The leading technical indicators, such as the RSI and MACD, are in the sell zone. The most recent MACD histogram, on the other hand, indicates that CEL is about to enter the oversold zone. This could eventually result in profit taking by sellers, causing CEL to bounce off.

Celsius Price Prediction – Daily Technical Levels

Support   Resistance

1.4952      2.7088

0.7888     3.2160

0.2817      3.9223

Pivot Point: 2.0024

On the downside, a breakout of the $2.21 level could push the price down to the $1.76 support level. A further bearish bias, on the other hand, may allow for more selling until $1.45.

Consider remaining bearish under $2.75 today until $2.22, and continuing to hold a sell trade if the $2.22 level is broken. Good luck!

Read more:

• Best Metaverse Projects of 2022
• How to buy Cryptocurrencies

Tamadoge – Play to Earn Meme Coin

Our Rating

• Earn TAMA in Battles With Doge Pets
• Capped Supply of 2 Bn, Token Burn
• NFT-Based Metaverse Game
• Presale Live Now – tamadoge.io

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