Celer Network (CELR/USDT) Analysis ๐๐
Hello Crypto community Welcome to this introduction for another high potential crypto project.๐๐ฐ
๐นRank # 169,/ kind : ETH TOKEN / Market Cap:$266,699,412===> SO SO โ
Total Supply: 10B CLER /// Circulating Supply: 6.52B CELR (~ 65 %) ====> great โ
Holders Statistics: Top 10 Holders==> 83.44% % //Top 20 Holders 91.06% ===> risky โ๐
๐ฐWhat Is Celer(CELR)?
Celer Network is a layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption. Celer launched the worldโs first Generalized State Channel Network and continues to push the frontier of layer2 scaling with advanced Rollup technology. Core applications and middlewares like cBridge, layer2.finance and more ecosystem applications built on Celer have attracted more large audiences in DeFi, blockchain interoperability and gaming space.
coinmarketcap-www.celer.network
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๐๐ TECHNICAL
As you can see on the WEEKLY timeframe for CLER/USDT , It is trading about $0.04 right now.
Since 20 SEP 2021 ,after recording a new ATH (0.198 $) ,
it has been declining and had deeper retracement by
crossing under of 14EMA with 20EMA and 50EMA . and
recently it went down the pivot zone and has attempted
to breakout lower uptrend line and now it is struggling
with it, so now it can easily touch the support zone if
breakout the trend line , but in the short time it can retest
and have a pullback under pivot zone before further fall
although if it go above the resistance zone it can start a rally
,but take it in mind, if it lose this green support area ,
in this case it can have further fall again even to lower
Fibonacci support levels.
๐resistance level: $0.105-$0.126
๐pivot zone: $0.05-0.06$
โ๏ธsupport levels: $0.02-$0.0288/ $0.01396 /$.0076/$ 0.0033
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me ,give a big thumbs ๐ and drop comment ๐ฏ๐ญ
๐นRank # 169,/ kind : ETH TOKEN / Market Cap:$266,699,412===> SO SO โ
Total Supply: 10B CLER /// Circulating Supply: 6.52B CELR (~ 65 %) ====> great โ
Holders Statistics: Top 10 Holders==> 83.44% % //Top 20 Holders 91.06% ===> risky โ๐
๐ฐWhat Is Celer(CELR)?
Celer Network is a layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption. Celer launched the worldโs first Generalized State Channel Network and continues to push the frontier of layer2 scaling with advanced Rollup technology. Core applications and middlewares like cBridge, layer2.finance and more ecosystem applications built on Celer have attracted more large audiences in DeFi, blockchain interoperability and gaming space.
coinmarketcap-www.celer.network
------------------------------------------------------------------------
๐๐ TECHNICAL
As you can see on the WEEKLY timeframe for CLER/USDT , It is trading about $0.04 right now.
Since 20 SEP 2021 ,after recording a new ATH (0.198 $) ,
it has been declining and had deeper retracement by
crossing under of 14EMA with 20EMA and 50EMA . and
recently it went down the pivot zone and has attempted
to breakout lower uptrend line and now it is struggling
with it, so now it can easily touch the support zone if
breakout the trend line , but in the short time it can retest
and have a pullback under pivot zone before further fall
although if it go above the resistance zone it can start a rally
,but take it in mind, if it lose this green support area ,
in this case it can have further fall again even to lower
Fibonacci support levels.
๐resistance level: $0.105-$0.126
๐pivot zone: $0.05-0.06$
โ๏ธsupport levels: $0.02-$0.0288/ $0.01396 /$.0076/$ 0.0033
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me ,give a big thumbs ๐ and drop comment ๐ฏ๐ญ
