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Celsius

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<ul class="wp-block-list news-points">
 <li>CEL’s price soared 62% to $0.5491, driven by renewed market demand and increased trading volume.</li>
 <li>Technical indicators suggest heightened volatility, with RSI at 90.91 and Bollinger Bands widening.</li>
 <li>Celsius is restructuring post-bankruptcy, returning $3 billion in assets and creating Ionic Digital Inc.</li>
</ul>
CEL, the native token of Celsius Network, has seen its price climb more than 62% to $0.5491 on September 23, 2024. Market capitalization also grew by more than 60%, reaching $20.71 million according to market data. In the last 24 hours, the trading volume of CEL was more than $24 million, an increase of over 84%.
<h2 class="wp-block-heading" id="h-price-surge-and-technical-indicators">Price Surge and Technical Indicators</h2>
This sharp rise follows <a href="https://coinedition.com/celsius-founder-fights-fraud-charges-faces-115-year-sentence/" rel="noopener noreferrer nofollow">months of volatility</a> for Celsius. The trading chart shows an upward price trend after a long period of fluctuations that has brought in renewed demand for the token.
The Relative Strength Index (RSI) rose to 90.91, which indicates an overbought level. Typically, a reading above 70 suggests an asset is overbought and there could be a pullback.
<a href="https://coinedition.com/celsius-files-a-lawsuit-against-tether-tether-fights-back-report/" rel="noopener noreferrer nofollow">Read also: Celsius Files a Lawsuit Against Tether; Tether Fights Back: Report</a>
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 <figure class="aligncenter size-full"><img decoding="async" width="512" height="244" src="https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699.png" alt="" class="wp-image-503485" srcset="https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699.png 512w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-300x143.png 300w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-380x181.png 380w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-159x76.png 159w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-440x210.png 440w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-414x197.png 414w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-326x155.png 326w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-377x180.png 377w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-123x59.png 123w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-24T093617.699-129x61.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 Source: Tradingview
 </figcaption>
 </figure>
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The Bollinger Bands widened considerably i…
The post <a href="https://coinedition.com/celsius-token-cel-skyrockets-62-signaling-renewed-interest/" rel="noopener noreferrer nofollow">Celsius Token CEL Skyrockets 62%, Signaling Renewed Interest</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Celsius Token CEL Skyrockets 62%, Signaling Renewed Interest

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