CEL Bulls Outclass Bears After Lengthy Bear Run Drives Price to $0.5051

Jan 05,2023
CEL Bulls Outclass Bears After Lengthy Bear Run Drives Price to $0.5051
  • CEL price increased by 0.96% to $0.5148, putting the bulls in command of the market.
  • Technical indicators pointing south indicate a likely bearish shift.
  • The CEL price data shows an upward market trend in recent hours.

Bulls have so far been successful in reversing Celsius’s (CEL) negative trend, although price action has failed to break above the 0.5352 resistance level since yesterday. Since this bull trend took hold, the CEL price has risen 0.96% from $0.5051 to $0.5148.

As a consequence of this bullish control, market capitalization climbed by 0.70% to $123,209,348 while 24-hour trading volume decreased by 28.52% to $1,336,832. In an upturn, a decrease in 24-hour trading volume may indicate to investors that the positive ascent in CEL is losing strength and may soon terminate.

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