Join our Telegram channel to get breaking news coverage as it happens.
Celo price prediction shows that CELO remains on an upward trajectory at a time when the cryptocurrency market is benefiting from increased buying pressure.
CELO forecast statistics:
– Celo current price: $0.71
– Celo market cap: $349 million
– Celo circulating supply: 491.5 million
– Celo total supply: 1 billion
– Celo Coinmarketcap ranking: 106th
CELO/USD Market Key Levels:
Resistance levels: $0.95, $1.05, $1.15
Support levels: $0.45, $0.35, $0.25
CELO/USD – Daily Chart
CELO/USD price is currently close to rising and may continue to move upwards after hitting a high of $0.75 during today’s European trading session. If the price moves towards the upper boundary of the channel, the coin may continue to move upwards. Meanwhile, Celo price may remain positive, allowing the price to touch the resistance level of $0.80.
Celo Price Prediction: CELO/USD May Break Short-Term Resistance
According to the daily chart, Celo price may break out of the range and move upwards. However, as the technical indicator Relative Strength Index (14) remains above 60, the coin may surge upwards. Conversely, if the price declines, CELO price may find support at $0.45, $0.35, and $0.25. Moreover, the coin may continue to move upwards, looking for resistance levels at $0.95, $1.05, and $1.15 respectively.
Compared to Bitcoin, the market’s recent price increase places CELO in an uptrend as the price enters the positive side, indicating a stronger market. However, in the long term, the market is bearish and 4500 SAT and below may act as a support level for selling pressure.
CELOBTC – Daily Chart
After hitting the resistance level of 2653 SAT, if the bulls fail to push the price north, the bears will be seen dominating the market. However, if the support level of 2200 SAT can serve as an effective line of defense against further downside, the resistance level of 3300 SAT and above may come into play. Nevertheless, the technical indicator Relative Strength Index (14-day) is heading towards a crossover above the 50 level.
Alternatives to Celo
Today, Celo price reached a high of $0.75 before retreating to trade at $0.71. Meanwhile, if the price fails to reach the resistance level of $0.80, it may undermine the coin's long-term technical pattern, but bulls may need to increase buying pressure to maintain the coin's positive state. In addition, the Love Hate Inu platform is the first voting platform to utilize blockchain technology, which will use distributed ledger technology to record immutable results. In addition, the LHINU token is in pre-sale, and the pre-sale amount has reached nearly $2.5 million.
Read more:
Bitcoin retreats from $13,000 as Powell slams Facebook Libra and traders enter short phase
XPTUSD consolidates at $833 price level, breakout imminent
Join our Telegram channel for timely breaking news coverage.
English 
Chinese (China) 
Chinese (Hong Kong) 