UPDATE: CEL's consolidation has continued getting flatter and flatter as buying pressure is fighting against the short positions as well as the increased hype to fight against the shorts. An interesting detail is that people are accumulating $CEL right now at 89 cents as if it was at $6.16 according to the accumulation/distribution line. Short traders on FTX are now borrowing over 18 million tokens to sell them across different platforms while retail traders are buying and hyping CEL up. Short squeeze setup currently looks poised for extreme volatile swings.
Keep an eye out for any changes and be smart traders.
Keep an eye out for any changes and be smart traders.