Celo Price Prediction for Today, May 13: CELO/USD Risks Fresh Support at $0.50

The Celo price prediction may likely follow the bearish movement if the coin heads toward the lower boundary of the channel.

Celo Price Statistics Data:

• Celo price now – $0.52
• Celo market cap – $258.3 billion
• Celo circulating supply – 498.3 million
• Celo total supply – 1 billion
• Celo Coinmarketcap ranking – #116

CELO/USD Market

Key Levels:

Resistance levels: $0.80, $0.85, $0.90

Support levels: $0.30, $0.25, $0.20

CELO/USD is moving bearishly as the market stays below the 9-day and 21-day moving averages. However, the Celo price still needs to create a bullish movement above the moving averages, if the buyers resume back into the market, traders can expect the price to hit the nearest resistance level at $0.60.

Celo Price Prediction: Will CELO Shoot to the North?

The daily chart shows that the Celo price is attempting to create a new positive trend, and traders may expect a bullish cross above the 9-day and 21-day moving averages which could test the resistance level of $0.60. Similarly, the technical indicator reveals that the Relative Strength Index (14) could also cross above the 40-level, therefore, any further bullish movement toward the upper boundary of the channel may locate the potential resistance levels at $0.80, $0.85, and $0.90 respectively.

Nevertheless, if the Celo price begins the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions but on the contrary, a bearish breakdown could play out for this market if the Celo price remains below the 9-day and 21-day moving averages, and this could roll the coin back to the long-term supports at $0.30, $0.25, and $0.20.

Against Bitcoin, the Celo price is likely to create a bullish movement as the coin heads to the north. However, if the coin touches the resistance level of 2000 SAT, the market may keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) moves to cross above the 40-level.

Meanwhile, if CELO/BTC falls and heads toward the lower boundary of the channel, it could bring the coin to the nearest support at 1900 SAT, and any further bearish movement could lower the price to the support level of 1500 SAT and below. Nevertheless, if the coin crosses above the upper boundary of the channel, traders could see the coin reaching the resistance level of 2500 SAT and above.

Celo Alternatives

According to the daily chart, the Celo price experiences a slight drop below the daily high of $0.524 and any increasing selling pressure could bring the price to touch a new low at $0.500. However, if the buyers manage to push the coin to the upside, it could touch the resistance level of $0.600. However, millions of memes are shared across social media weekly. However, many popular memes that are shared contain the same image. The only difference is that the text has been changed. AiDoge solves this issue through AI. This is because the underlying AI protocol will generate memes that are unique. Moreover, AI tokens are in presale, time is running out as almost $8 million has been raised so far.