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The Celo price prediction shows that CELO could renew the bullish trend after testing the support level of $0.58 today.
Celo Prediction Statistics Data:
- Celo price now – $0.60
- Celo market cap – $312.7 million
- Celo circulating supply – 521.5 million
- Celo total supply – 1 billion
- Celo Coinmarketcap ranking – #145
CELO/USD Market
Key Levels:
Resistance levels: $0.70, $0.75, $0.80
Support levels: $0.50, $0.45, $0.40
CELO/USD has been hovering around $0.60 after touching the daily high of $0.62. The Celo price is currently changing hands above the 9-day and 21-day moving averages but, with a slight gain of 1.05% since the start of the day. Despite the recovery, the coin is still hovering below the daily of $0.65.
Celo Price Prediction: Celo Price May Go Bullish
According to the daily chart, the Celo price is moving toward the resistance level of $0.65 as the initial move toward the upper boundary of the channel could boost the price further. The Celo (CELO) hits the daily high at $0.62 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Celo price moves near the upper boundary of the channel, and the nearest resistance level could be found at $0.65.
However, traders can see that the daily movement remains in the hands of the bulls and the 9-day MA keeps hovering above the 21-day MA. Meanwhile, a break into the positive side may most likely push the coin toward the potential resistance levels of $0.70, $0.75, and $0.80, while a drop below the lower boundary of the channel may lead to the supports of $0.50, $0.45, and $0.40 respectively.
CELO/BTC Ranges Above the
Against Bitcoin, the Celo price is seen moving sideways above the 9-day and 21-day moving averages. After the coin touched the daily high at 1488 SAT today, the coin later retreated to where it is currently trading. Meanwhile, the price keeps moving sideways as the buyers may put pressure on the market.
Moreover, should the sellers return to the market, the Celo price may drop to the support of 1120 SAT and below. Now, the 9-day moving average may cross above the 21-day moving average as the market could face upward movement in the next positive direction while the resistance level could be located at 1800 SAT and above.
Alternatives to Celo
As of the current moment, the Celo price is exhibiting bullish movement, and further upward trends are anticipated as long as the coin remains above the 9-day and 21-day moving averages. The ongoing potential crossover, with the 9-day moving average poised to surpass the 21-day moving average, holds the potential to send strong bullish signals, creating an encouraging market environment for increased buyer participation.
Nevertheless, the Celo (CELO), currently ranked 145th in the crypto market with a $315 million market cap, indicating limited significance due to its already substantial market value. On the other hand, the emerging token Bitcoin Minetrix, raising nearly $5.5 million in its presale stage, is highlighted for its significant growth potential, attracting attention from potential buyers in the evolving cryptocurrency landscape.
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