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The Celo price surged 5% in the last 24 hours to trade at $0.6732 as of 04:28 a.m. EST on trading volume that skyrocketed 174% to $283 million.
Celo, an Ethereum scaling solution and a global payment infrastructure for cryptocurrencies, surged after co-founder Vitalik Buterin shared his positive thoughts about it on the X platform.
This is amazing to see. Improving worldwide access to basic payments/finance has always been a key way that ethereum can be good for the world, and it's great to see @Celo getting traction.
See also their recent posts:
* @Celo becoming an Ethereum L2: https://t.co/08U7G7q69s
*… https://t.co/Qq7vcmZ6e3— vitalik.eth (@VitalikButerin) September 25, 2024
Celo Price Aims For Bullish Trend Continuation
According to data from GeckoTerminal, the Celo price was trading in a consolidation phase, within the $0.50 support zone, right before the remarks.
With Buterin’s remarks, the price broke through this key horizontal resistance zone around $0.50, which is now acting as support (yellow box). After breaking out, the price has been accelerating upwards, as the chart shows a recent parabolic rise illustrated by the upward-sloping curve.
CELO now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the main bullish outlook.
The Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 78, which shows that Celo could be under intense buying pressure and that the asset may be overvalued at the moment.
Moreover, the continued bullish sentiment is also supported by the Moving Average Convergence Divergence (MACD), which now trades above the neutral line. The blue MACD line also crosses above the neutral line, cementing the generally bullish outlook as it forms a bullish crossover.
Celo Price Prediction
According to the CELO/USD chart analysis of the 4-hour timeframe, Celo’s price is in a bullish rally that the bulls aim to sustain. If the rally continues, the bulls are currently targeting $0.75.
Meanwhile, with the RSI now showing that Celo’s price is overvalued, the bears may use this as selling pressure, which may push the price back to the $0.53 support within the 50-day SMA.
As the Celo bulls aim for a bullish trend continuation, investors are rushing to buy a new meme coin casino project called Memebet Casino (MEMEBET Token), a platform that will accept meme coins for wagering.
That’s a key reason why the popular YouTube channel Cryptonews, with over 10k subscribers, says that the $MEMEBET token could see a 100x pump after launch.
MEMEBET Token Soars Past $291K As Whales Bet Big
The Memebet Token ($MEMEBET) ICO is heating up, and to celebrate its early success, the project has announced massive airdrop rewards.
Early investors can be among the ten winners who will be airdropped $1,000 worth of $MEMEBET tokens as rewards for participating in the project’s fundraising efforts and joining the fast-growing community.
In just two weeks, the project has successfully raised over $291,000 for its innovative Telegram-based betting platform, which allows users to wager with meme coins for the first time.
Launching soon, Memebet Casino aims to transform the decentralized crypto casino landscape by integrating both the $MEMEBET Token and popular meme coins.
Catering to the “degen” community, Memebet Casino offers high-stakes gameplay, a global sportsbook covering major leagues like the EPL and NBA, and a diverse selection of crypto-native games.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
Players can place bets using renowned meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), making it the ultimate destination for thrill-seekers and meme coin enthusiasts alike.
Buy MEMEBET Token, More Rewards
By acquiring $MEMEBET Token, players unlock a range of benefits, including substantial play-to-earn airdrops, exclusive degen rewards, and VIP perks.
Betting with $MEMEBET Token further amplifies your rewards through the platform’s play-to-earn system—wager more, and the returns get even bigger.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
The number one place for #Crypto gaming and more! 💥 🎰$FTM $BTC #SOL #Bonk #WIF #Doge #BOME #Altseason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
If this looks like something you don’t want to miss, join the presale now by buying $MEMEBET Token on the official website for just $0.0254 with USDT, ETH, or a bank card.
With a price increase coming in about 3 days, don’t wait too long to secure the best deal.
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