Celsius (CEL) Price Skyrocketed 132% Celsius ( LSE:CEL ) has seen a significant increase in price, jumping 135% in the last 24 hours, with daily trading volume above 872%. This surge is attributed to increased bullish sentiments and whale activities. The crypto market has seen slight recovery figures after inter-day trading saw top coins lose steam. Celsius's bullish momentum has sparked a frenzy around crypto spaces, with some calling it a pump-and-dump-styled rise. The token has risen by over 132% in the last 24 hours, driven by factors such as over-the-top trading volumes, whale activity, and a general market recovery.
Daily trading volumes are at $85.4 million, an 872% jump in the market. This activity outpaces the top coins, with Bitcoin ( CRYPTOCAP:BTC ) and Ethereum ( MIL:ETH ) posting day trading volumes of 5.78% and 9.2%, respectively. The wider crypto market is up 7.52%. Bullish on-chain activities remain a driving factor for major coins as the community rallies around the tokens.
LSE:CEL trades at $1.27, pushing weekly gains to 87% and 30-day trading to a 692% gain. Whale sentiment spurred growth in Celsius, and the general bullish market sentiment also drew investors to Celsius. Bitcoin trades at $68,913, recovering 2.3% today, with other assets posting similar figures.
Celsiusnetwork
Celsius Network Burns 94% of Supply Weekly Price up 370%Celsius ( LSE:CEL ), the native token of Celsius Network, has experienced a 370% price rally in a week, defying market selloff. The rally is attributed to the token's massive burn initiated recently, which resulted in the destruction of 94% of its total supply. This massive incineration led to a weekly pump of roughly 370% for the token, which is part of the firm's bankruptcy filing.
The price rally stands out due to its defiance of current broader market trends. On-chain data highlights LSE:CEL 's bullish stance, illustrating a market uptrend and further enhancing its appeal to crypto market participants. Celsius price has witnessed a 40.10% upswing in the past 24 hours and is currently trading at $0.7185. The token's market cap surged by 40.10%, followed by a 14.48% increase in 24-hour trading volume. Celsius data also showed a 72.01% rise in LSE:CEL futures open interest, reaching $13.69 million, and a 26.62% spike in derivatives volume, reaching $319.09 million.
However, the Relative Strength Index (RSI) hovered at around 85, suggesting that the asset is an overbought territory. Technical indicators indicate strong buying sentiment for the token in the market, with a pump that may be expected in the short run if buying pressure persists. The Relative Strength Index (RSI) continues to cloud the token's long-range price movements in an enigma.
Celsius Starts Paying $3 Billion In Crypto and Fiat to Creditors
In a remarkable turnaround, Celsius Network ( LSE:CEL ), the embattled crypto lender, has successfully concluded an intricate 18-month journey through the maze of bankruptcy proceedings. The company has not only fulfilled its promise but has gone above and beyond by distributing assets exceeding $3 billion to its creditors. This marks a pivotal moment for Celsius and the cryptocurrency industry as a whole.
A Collaborative Triumph:
Celsius's success story in emerging from the complexities of bankruptcy is a testament to its collaborative spirit. The company engaged extensively with regulatory authorities, employing innovative strategies like alternative settlement agreements and converting less liquid altcoins into major cryptocurrencies such as Bitcoin and Ethereum. The labyrinthine restructuring process required meticulous planning, and Celsius emerged victorious with a distribution plan that secured a staggering 98% approval from account holders owed funds.
Creation of Ionic Digital and Hut 8's Role:
Out of this process, a new entity named Ionic Digital has emerged, dedicated to Bitcoin mining. Ownership of Ionic Digital is distributed among creditors, while operational management is entrusted to the well-established Canadian company Hut 8. This strategic move not only maximizes the value for creditors but also demonstrates Celsius's commitment to exploring new avenues within the crypto space.
Strategic Liquidation of Ethereum Holdings:
To expedite the distribution process, Celsius ( LSE:CEL ) recently liquidated a substantial portion of its Ethereum holdings. The company transferred over 847,600 ETH, valued at nearly $2 billion, from various digital wallets to centralized trading platforms like Coinbase. The move, documented by blockchain analytics firms Spot on Chain and Lookonchain (pbs.twimg.com), involved around 67,500 ETH tokens worth $157 million being deposited at Coinbase's institutional trading division. This strategic liquidation aims to streamline the payout process, ensuring creditors recover their funds expeditiously.
Compliance and Governance:
Celsius's ( LSE:CEL ) success wasn't solely based on financial maneuvers. The company worked closely with federal and state regulatory bodies, ensuring that all distributions adhered to full compliance standards. The commitment to governance and transparency throughout this process reflects Celsius's dedication to rebuilding trust and credibility.
A Testimony from Chris Ferraro:
Chris Ferraro, Celsius' Plan Administrator and former Chief Restructuring Officer, emphasized that the company had kept creditors' best interests in mind. He stated that Celsius prioritized maximizing value and speed throughout the entire process, showcasing a dedication to ensuring a fair and efficient resolution for all involved parties.
Conclusion:
Celsius Network's ( LSE:CEL ) phoenix-like rise from the ashes of bankruptcy is not just a financial success but a narrative of resilience, collaboration, and commitment to ethical practices within the crypto industry. As Celsius draws the curtains on its tumultuous multi-year saga, it leaves behind a blueprint for navigating challenges, rebuilding trust, and contributing to the continued evolution of the cryptocurrency landscape.
[UPDATE BTC] if CPI peaks in the summer, 74k-77k$ is possible.I still believe there is a chance to see BTC at 70k in 2023 before a second inflationary period in 2023-2024 that will drive BTC down again.
This is in line with one of my melt-up scenarios I posted in 2021.
Celsius Coin Pumping! What's Next?Looking at CEL on the 4h, we can see it's had quite the pump the past few days. I've drawn major/minor support/resistance levels to show you best places to DCA/take profit.
Right now the 0.70 level is causing the most resistance (previous resistance Nov 10th). If we can break that level then I can see us climbing to 0.87 (previous support Nov 8th). If we can't break the 0.70 level then I'm looking for at least a retest to 0.62 for a possible double bottom or a further decline to 0.58 which is our second micro support (stemming from the areas of interest from Nov 11th-13th). If it continues to break downward then our major supports are 0.51 and 0.44 but I don't think we'll get there unless BTC has a big downturn as well.
If you enjoyed my TA or have any questions, please comment below or send me a DM :)
🟢 CELUSDT - 12H (28.09.2022)🟢 CELUSDT
TF: 12H
Side: Long
SL: $1.31991
TP 1: $1.72060
TP 2: $1.96848
Just two targets on this one to play safe. Judging from previous wicks this thing will fly and then some.
Celsius really needs to hold this support lineAfter a great few short squeeze attempts, Celsius has been trading sideways for a few weeks. Now looks to be breaking down. Needs to hold the support, or it could be heading to 80c.
Celsius CEL Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Celsius CEL has a negative overall sentiment recently.
I have the following price targets:
CEL/USDT short
Entry Range: $1.40 - 1.55
Price Target 1: $1.28
Price Target 2: $1.09
Price Target 3: $0.83
Stop Loss: $1.75
Celsius shortsqueezeCelsius Short squeeze
Celsius Network is bankrupty and heavily shorted token.
More open positions token on short are opened than token available (the supply is locked by chapter 11 bankruptcy)
#celshortsqueeze
Celsius up 10x Since June 13th - big money knows something?High Octane Speculation
I think that the "big money" knows Celsius isn't going to stay bankrupt.
Not sure if it will restructure, get purchased, merge... whatever... think the big money is trying to hide their loading up (might even be the profit needed to get Celsius open again, or a insiders with big $)... who knows.
But for sure a dead company isn't pumping like this.
What you think?
BTC, ETH, CEL, DOGE, SOL, ICP I want to see BTC Start the new week candle slightly above or around $22,300.
What I am looking for going into this Sunday's candle for BTC and what I want to see in these other coins for places to enter. I also looked at some other things regarding these coins. Probably not that useful for the things that have already happen for people that do not use my indicators to trade, but as always to those that do it is pretty straight forward and simple.
CelsiusCelsius Technical Analysis basically on elliott waves Principle and Priceaction Strategy
Celsius can be 1.77$ Again
Wait and watch
Celsius Token Showing Bullish Bias. Potential 90% Gains Celsius Token is getting an infusion. It seems the powers that be are smiling upon it and don't want it to die. It has come out of an Adam & Eve double-bottom reversal and has consolidated into a classic neckline retest after killing a battery of shorts poised to see it go belly up. If it marks up, we can expect a 90-100% (1.618-2 Fib) propulsion to bring the PA back up to dollar territory.
CEL Celsius is pausing all withdrawals, Swap and transfers Celsius Network announced today that is pausing all withdrawals, Swap, and transfers between accounts.
I know that it sounds unrealistic, but i think that staked cryptos could de-peg from the real price of the asset and worth less.
I don`t know if CEL, Celsius Network, will go to $0, but such pause in the system is warring me.
Looking forward to read your opinion about it.
Why is Crypto Crashing? Is Celsius Insolvent?BIG NEWS out this evening of June 12, 2022. Celsius, a leading crypto lending platform, has halted withdrawals. Historically, this is a sign that a platform is fearing a "bank run" scenario and is willing to sacrifice customer trust to maintain financial solvency. Rumors have been swirling this week but now it is confirmed.
In this video I share what this has historically meant and share my opinion on what I think investors should be watching.
The financial news tomorrow will no doubt cite this news as the "reason" for the weekend crash... but Technical Analysis was clear going into June that crypto was in a bearish cycle and major supports were already breaking.
CEL Bulls stuck in sideways zone despite bullish trendThe price of Celsius Network is stuck in a tight narrow range, which forces it to avoid investing for the time being.
The Celcius Network price action suggests the ascending triangle pattern in the higher time frame,
The 100-EMA has been standing as a strong resistance line for a long time and recently, the bulls managed to break above it but failed to stay above it. Hence, CEL price is trading below the 200 and 100 EMAs and the price is moving towards the 50 day moving average.
The RSI is about to reach the halfway mark (50 points) in terms of the daily price chart. The halfway line could possibly act as further support for the CEL price.
Thus, the Average Directional Index (ADX) is at 10-level and suggesting the extremely sideways momentum for the Celsius network.
Celsius Network price action suggests a bullish trend on the higher time frame; On the slip side, the price seems to be weak on the hourly chart. There will be no directional spike as long as the price continues sideways.
Resistance level- $4.5 and $6.0
Support level- $2.7 and $2.0
SNX BREAKOUT; $6 surpassed! Will it act as support? I think so!Full disclosure: I am a HODLer of the Synthetix Network Token (SNX). I transferred over 2700 tokens to Celsius Network on 31 July 2021 where I was receiving 13.99% APY at the time. They have since increased the yield to 14.05% APY, paying out every Monday like clockwork. Trade View will not allow me to advertise my referral code for Celsius here, but I do have one if you message me.
Now, for what has me so excited about today's chart. We just broke through $6. If SNX can hold above that level perhaps even retesting it as support, I think we may see SNX take off. I added the "auto pitchfork" visual to give you an idea of what I hope to see happen. This derivatives project is sound, the token is necassary to conduct business on its platform and the token has scarcity on its side that lends to an upside of somewhere in the $50 to $100 per token range... if the inflated dollar doesn't continue to crash from here. If the USD does continue to collapse, it will further enhance crypto price action in our favor as people seek other sectors (crypto) to store value.
Sidenote: I now have over 3012 SNX tokens thanks to the power of compounding at Celsius Network. I don't have to hassle with swap defi platforms, high ETH gas-fees, or delegating, validating or staking in general. I just watch it grow every Monday. If you wish to do the same with your SNX (or 40-plus other cryptos), we can both earn $50 worth of BTC when you open an account using my referral code and move $400 worth of crytpo to Celsius and hold for 30 days. And you will have your own referral code you can share with your friends once you have an account.
Bolster your MATIC coin count EVERY Monday!Yes, this article is about where to store the coin that powers the best platform for smart contracts and Dapps in Ethereum layer 2 solution format, Polygon (MATIC)! But for the uninitiated to unbanking yourself, here is a quick rundown on the Celsius application, which you should be storing your tokens/coins on. Celsius Network is reliable, easy-to-use, growing in popularity and regulated and licensed by the SEC and the U.S. Treasury. I know, surprising huh!? It is now in its 4th year. They do not spend time or money on big-money ads. They would rather pay us in interest every Monday! Word of mouth has been their main source of advertising... like I am doing now. They now have over 1 million members including me and my friends (fellow retired Air Force member) and family (my grown daughter). And so far, I see no safer way to earn 10.51% APY on your Polygon (MATIC). If you live outside the U.S., you could even boost your earnings to over 14% by opting to receive your interest in CEL tokens. But we live in Texas, so my daughter "settles" for a safe 10.51% in polygon that will soon double and triple in value. The interest is more MATIC coins! A win-win. They do have 41 tokens and coins they support including stablecoins (which pay 8.8% or more if you opt to be rewarded in CEL). I personally earn 13.99% on my SNX tokens on Celsius. It pays to check it out...and if you open an account, use my daughter's referral code: 1691390756 or mine: 189218504d
Move at least $400 worth of crypto to Celsius.Network and after 30 days, we will both be rewarded $50 worth of BTC! This beats the hell out of any brick & mortar bank!
HODling Polygon: I have a planFirst, this is not financial advice. This is simply what I am doing for my adult daughter. I purchased $2500 worth of polygon (MATIC) (on the exchange that recently IPO'd and has a stock ticker symbol COIN) at just over $1.20 per coin and immediately started losing her money. I had wanted to catch the previous price tumble to $1, but I was too late. But, I wasn't concerned... I had a plan. Upon purchase, the big user-friendly-but-wallet-ugly exchange took coins as fees for the purchase. Then, the coin took a tumble with the overall market (typical crypto volatility of late) making me wish I had been even later to the purchase. But, I had a plan. I knew I wanted to move her coins to the Celsius Network, but they are still working on creating better on-ramp (buying) and off-ramp (withdrawing/selling) support, so I was forced to give up more coins to the big user-friendly-but-wallet-ugly exchange to make the transfer of her polygon coins to a better place (Celsius)...my plan all along. Months ago, I had purchased some polygon for myself at .40 per coin. So, I already knew this layer 2 solution for ethereum was a dominant player in this space and volume was continuing to climb. But when I checked the number of D'apps currently using polygon's layer 2 protocol last week, it was over 350 different D'apps! OVER 350! That is growing adoption! I knew polygon's coin price tested $3 earlier this year and with its layer 2 adoption continuing to escalate, there is no reason not to see that $3 number come again and move into the rear-view mirror as adoption grows. I predict $3 before this year ends. $5 to $10 in six to twelve months. My plan for my daughter's $2500 was even more conservative (and profitable) as I knew I could also earn her more polygon coins by simply holding them in a better exchange, the "unbank," Celsius Network. You know, MY PLAN! I created an account for her on Celsius.Network and transferred her polygon from that other, well-known exchange to Celsius...and again, the big user-friendly-but-wallet-ugly exchange took coins as fees for the transfer. But, I had a plan! So, my daughter's polygon is now, finally being HODLed on Celsius. She will earn 10.51% APY on her coins and they will add real polygon (MATIC) tokens/coins to her account every Monday starting next Monday. I will update here with her coin count starting next Monday to encourage others to use these same techniques. I didn't have to do any of the typical staking hassle (no validating or delegating) to position her coins for interest payments every Monday. All I had to do was transfer her coins to the Celsius.Network. They have an app for your phone. If you use her referral code: 1691390756 to create your Celsius.Network account, you will both receive $50 worth of Bitcoin after you transfer at least $400 worth of polygon (or any of the 41 different coins/tokens they support on Celsius) and hold it there for at least 30 days. You will also earn 10.51% APY interest on your polygon coins...in polygon coins. Will this benefit my daughter? Yes, my daughter will also get $50 worth of BTC when you do. So, try it! If you are holding polygon now, why not earn 10.51% stress free every Monday and get the $50 bonus. Use her referral code 1691390756 when you set up your Celsius account. Let me know how you do right here. I will also keep everyone posted on her coin-count every Monday! Good luck! P.S. Polygon is holding above its 20-day MA for now. A good sign.
SNX Layer2 Coming in HOT!The SNX updates are coming in fast & furious. Transition to Layer 2 is still underway and SIPs are being implemented. This current SIP is bringing "Shorting" capabilities to Layer 2. I love that SNX is still flailing around at the bargain price we see today. I'm telling my friends to pick up more if they have extra cash and store their SNX at Celsius Network to keep their count count growing (13.99% APY...ask for my referral code to get $50 worth of BTC). See the latest (dated today, 8 October, 2021) SNX blog update concerning this SIP scheduled for "early next week": blog.synthetix.io/the-sargas-release/
Staking SNX? Don't! Get 13.99% plus $50! Referral 189218504dAre you staking your SNX? If you aren't, you might look at creating a Celsius Network account and transfer your SNX there and start getting 13.99% APY on your tokens. I started with 2771 tokens on 1 August. I now have 2828 tokens without ever having bought another token. I get more tokens every Monday without doing anything else. This morning, Celsius added 7.11 SNX to my account. That's 57 new tokens since 1 August, without the hassle of staking (validating or delegating)! Move your SNX to Celsius. This is not your normal exchange. It isn't even a typical Defi exchange. If you are going to hold SNX, why not earn 13.99% APY like I do at Celsius Network? They have a smartphone app. When you create your account, use my referral code that will earn us both $50 worth of BTC if you transfer at least $400 worth of SNX (or any other coin/token). They give the $50 after 30 days. Also, SNX is holding above its 20-day MA so far. Further encouragement to sit tight...or buy some if you haven't. ;) Here is my referral code if you decide to open a Celsius account: 189218504d
