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Tag: Celsius Network

  • Celsius (CEL) coin to reverse bearish trend?

    Celsius (CEL) coin to reverse bearish trend?

    Celsius (CEL) appears to be on an uptrend in the longer timeframes. Celsius Network token has yet to break below the low of the previous pullback at $6.26 for the uptrend to be invalidated. However, cryptocurrency has become increasingly bearish. At the time of writing, CEL crypto stands at a price level of $6.95. The price of cryptocurrency has declined by 5% in the past twenty-four hours while the daily trading volume has gone up by nearly 40%.

    Celsius (CEL) Technical Analysis

    The market sentiment for Celsius is majorly bearish. Out of the twenty-two technical indicators, nine are giving out a signal of buy while nine stands at a neutral position with four indications of buy. The oscillators are neutral while the moving averages are bearish.

    Celsius (CEL) Technical Analysis
    Celsius (CEL) Technical Analysis

    The Bollinger band analysis of Celsius crypto shows increased bearish momentum for the cryptocurrency. In the four-hour timeframe, Celsius’s price action is in expansion. As the Bollinger bands expand, the volatility of the cryptocurrency is proved to be increased. The expanded Bollinger bands hint towards further bearish momentum for CEL coin. Although an impulsive move usually follows after a downside pullback, the candles continue to be bearish majorly.

    Celsius Network (CEL) Price Prediction

    Although the native token of Celsius Network is suffering from bearish divergence, the long-term price predictions for the cryptocurrency are bullish. Digital Coin Price predicts CEL coin to be operating at a price level of $10.06 in one year’s time while the five-year projection places the cryptocurrency at $32.31. Long Forecasts predicts CEL coin to end the year at $16.99 while the price is projected to reach $43 by 2025.

    Celsius Network has recently announced a partnership with NBA athlete Spencer Dinwiddie. The athlete had been one of the most vocal advocates of blockchain technology. Dinwiddie will engage the community of Celsius through campaigns and social media appearances. Dinwiddie will be compensated through CEL coin.

  • Celsius Network’s Email Breach May Have Resulted In Losses of As Much As $300,000

    Celsius Network’s Email Breach May Have Resulted In Losses of As Much As $300,000

    As Celsius Network’s token, CEL, went live on the major crypto exchange OKEx, an email breach occurred and a subsequent pishing attack which targeted Cel token holders. Unfortunately, many users fell prey to the phishing attack and resulted in as much as $300,000 worth of cryptocurrencies being stolen – suggested by users on Reddit.

    The cryptocurrency asset lending platform, Celsius Network, was quick to note the email server breach after noting customers have been receiving malicious emails and text messages. The pishing email linked towards a new crypto wallet of Celsius and a giveaway of $500 for those who sign up. Those who opened the link would be asked for the seed phrase to their wallets, giving access to the funds of the users.

    Celsius Network commented that the breach was caused after an unauthorized party managed to gain access to the third-party backup email. The Network assured users that Celsius is completely safe and secure and so are users’ funds. The backend of the network is going strong and the breach did not occur due to any issues in the network.

    The Network is actively investigating the email breach to get to the bottom of it. Celsius Network has warned users to beware of any clickable sites in the meantime as the network figures out how the breach occurred.