Celsius (CEL) Token Fall Down Well Well As CEO Mashinsky Dey Fight For Court And DOJ Wan Push For Sentence
Di CEL (Celsius) token fall well well pass 13% to about $0.103 after new wahala for court involving former Celsius Oga Alex Mashinsky. The fall happen after Mashinsky's lawyer people talk out loud say wetin US Department of Justice (DOJ) dey ask for, wey be 20 years for prison, too much and wicked. Mashinsky don gree say him manipulate the CEL price and sell $48 million worth of tokens with fraud before Celsius Network bankrupt for 2022. This court fight wey still dey go on, and the result wey nobody sure of wey dem set for May 8, don make government eye dey open wide wide on crypto platforms and raise concern about how company dem dey manage and make things clear for everybody to see for the sector. Analysts warn say CEL fit fall more if e break below the $0.087 support, as the amount of trading and the way the market indicators dey show say investors don dey careful more. CEL now almost 99% below im highest price ever, wey be $8.02. The way market just dey shake anyhow and government pressure fit scatter investors confidence pass and direct affect how CEL price dey move and wetin people dey trade.
Bearish
As tori wey no good wey happen wit Alex Mashinsky and as regulators dem dey look am well well, don make price for CEL token fall yapa. People still dey very careful for market, as technical tin dem show and trading no too plenty. CEL dey trade near support wey important, and any other bad tin wey go happen wit court or government palava fit make am fall more. As token fall from when e high pass before and as nobody sabi wetin go happen wit Celsius Network, e show say traders still dey risk more fall. For general, wetin go happen to CEL still look bad because of court palava wey dey ground and as investors no too trust am again.