{"id":404243,"date":"2023-06-02T20:23:16","date_gmt":"2023-06-02T20:23:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=404243"},"modified":"2023-06-02T20:23:16","modified_gmt":"2023-06-02T20:23:16","slug":"celo-price-prediction-for-today-june-2-celo-usd-bulls-could-target-0-60-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/celo-price-prediction-for-today-june-2-celo-usd-bulls-could-target-0-60-level","title":{"rendered":"Celo Price Prediction for Today, June 2: CELO\/USD Bulls Could Target $0.60 Level"},"content":{"rendered":"<p>The Celo price prediction shows that CELO is likely to break above the $0.55 barrier as the coin faces the upper boundary of the channel.<\/p>\n<h2>Celo Prediction Statistics Data:<\/h2>\n<ul>\n<li>Celo price now &ndash; $0.53<\/li>\n<li>Celo market cap &ndash; $270.4 million<\/li>\n<li>Celo circulating supply &ndash; 501.7 million<\/li>\n<li>Celo total supply &ndash; 1 billion<\/li>\n<li>Celo Coinmarketcap ranking &ndash; #115<\/li>\n<\/ul>\n<h2>CELO\/USD Market<\/h2>\n<p>Key Levels:<\/p>\n<p>Resistance levels: $0.65, $0.70, $0.75<\/p>\n<p>Support levels: $0.42, $0.37, $0.32<\/p>\n<figure id=\"attachment_404247\" aria-describedby=\"caption-attachment-404247\" style=\"width: 1066px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-404247\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOUSD_02062023a.png\" alt=\"Celo Price Prediction for Today, June 2: CELO\/USD Bulls Could Target $0.60 Level\" width=\"1066\" height=\"554\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOUSD_02062023a.png 1066w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOUSD_02062023a-300x156.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOUSD_02062023a-1024x532.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOUSD_02062023a-768x399.png 768w\" sizes=\"(max-width: 1066px) 100vw, 1066px\"><figcaption id=\"caption-attachment-404247\" class=\"wp-caption-text\">CELOUSD &ndash; Daily Chart<\/figcaption><\/figure>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-celo\">CELO\/USD<\/a> is seen refreshing to a new high after touching the daily low of $0.52 to touch the daily high at $0.54 while currently trading at $0.53 with a bullish crossover above the 9-day and 21-day moving averages. Meanwhile, the bulls may intend to increase buying pressure if the market price touches the resistance level of $0.60.<\/p>\n<h2>Celo Price Prediction: Would CELO Price Push Higher?<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/celo-price-prediction-for-today-may-13-celo-usd-risks-fresh-support-at-0-50\">Celo price<\/a> can only gain more uptrends if the coin stays above the 9-day and 21-day moving averages. At the moment, the technical indicator Relative Strength index (14) is moving to cross above the 50-level by sending bullish signals into the market which could encourage more buyers to enter the market.<\/p>\n<p>Meanwhile, if the red line of 9-day MA crosses above the green line of 21-day MA, the coin may continue to do well and the Celo price may reach the upper boundary of the channel which could hit the resistance levels at $0.65, $0.70, and $0.75 respectively. On the contrary, if the technical indicator decides to make a quick turn and faces the lower boundary of the channel, there may be a quick bearish drop toward the support levels at $0.42, $0.37, and $0.32 respectively.<\/p>\n<p>Against Bitcoin, the <a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" rel=\"nofollow\">Celo<\/a> price is likely to create additional gains if the bulls increase the buying pressure. Meanwhile, the technical indicator Relative Strength Index (14) moves above the 50-level. Nonetheless, for the fact that the 9-day MA remains below the 21-day MA, the market price is likely to move bearishly.<\/p>\n<figure id=\"attachment_404246\" aria-describedby=\"caption-attachment-404246\" style=\"width: 1066px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-404246\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOBTC_02062023.png\" alt=\"\" width=\"1066\" height=\"554\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOBTC_02062023.png 1066w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOBTC_02062023-300x156.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOBTC_02062023-1024x532.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/CELOBTC_02062023-768x399.png 768w\" sizes=\"(max-width: 1066px) 100vw, 1066px\"><figcaption id=\"caption-attachment-404246\" class=\"wp-caption-text\">CELOBTC &ndash; Daily Chart<\/figcaption><\/figure>\n<p>However, the daily chart reveals that the potential resistance level could be located at 2400 SAT and above if the buyers increase the buying pressure, but a lower sustainable move may cancel the bullish pattern, which could attract new sellers coming into the market with the next focus on the support level of 1600 SAT and below.<\/p>\n<h2>Alternatives to Celo<\/h2>\n<p>At the time of writing, the Celo price is likely to trend to the upside. As a result, a retracement could be probable before breaking the $0.70 level to the upside. However, the Celo price will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure. Meanwhile,&nbsp;one of the exciting things about the <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\">Wall Street Memes<\/a> project is its tokenomics. This means that the project could have more sustainable price action post-launch, as investors&rsquo; profits will vary. Moreover, WSM tokens are in presale, time is running out as almost $3 million has been raised so far.<\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">New OKX Listing - Wall Street Memes<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/wall-street-memes.svg\" alt=\"Wall Street Memes\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Established Community of Stocks &amp; Crypto Traders<\/li>\n                                                                                                    <li>Featured on Cointelegraph, CoinMarketCap, Yahoo Finance<\/li>\n                                                                                                    <li>Rated Best Crypto to Buy Now In Meme Coin Sector<\/li>\n                                                                                                    <li>Team Behind OpenSea NFT Collection - 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