- Celo price analysis reveals a bullish outlook.
- CELO has its resistance level at $3.
- The support floor sits near $2.66.
Celo maintains a bullish stance today amid price increases. Moreover, the token surged yesterday. That had CELO on significant value gains as bulls extend their actions. The altcoin maintained similar moves today. That way, it climbed past the $2.759 value area. Meanwhile, the next resistance level stood at $3, and bulls might encounter opposition at this level.
CELO/USD 24Hr Timeframe: Persistent Uptrends take Celo Past $2.759
Celo’s one-day price chart shows bulls control the price trend today. The alt saw value increases since yesterday following bullish recoveries to the psychological at $3. While publishing this blog, CELO/USD changed hands near $2.759, following a 5.69% surge within the past 24 hours. Last week proved lucrative for the digital coin as it climbed by a whopping 15.30%. The MA stands at $2.63, beneath the price zone. A cross between the 20SMA and 50SMA curves seems possible as the coin continues its uptrend.
CELO/USD experiences high volatility according to the Bollinger bands. The band’s upper limit at $3 and the lower at $2.17 translates to the $2.63 average. The RSI also confirms today’s upswings as the index maintains an uptrend at 49-index, suggesting massive buying activity within the market.
Further Technical Indications and Latest Developments
The 4hr chart shows Celo on bullish momentum within the last few hours. That’s despite the downside break today. However, bulls’ comeback had CELO climbing to $2.774, shifting the trend to bullish again. The final green candle shows massive activity by Celo bulls.
4hr chart Bollinger bands maintain a $2.63 average, the upper band sitting at $2.76 while the lower one stands at $2.49. The price hiked above the top bands, CELO’s resistance at $2.76. The Relative Strength Index core surged towards the overbought region, extending its upswings at 63-index.
Conclusion
Celo price analysis reveals upside actions today, and the alt might retain a bullish trend throughout the day. Bulls might test the $3 resistance, and additional support is essential to conquering the hurdle. We presume CELO/USD will keep surging to the $3 level today.