CELO/USD Bulls Could Target $0.65 Resistance

The Celo price prediction shows that CELO is currently breaking above the $0.50 barrier as the coin faces the upper boundary of the channel.

Celo Prediction Statistics Data:

• Celo price now – $0.50
• Celo market cap – $239.9 billion
• Celo circulating supply – 478.8 million
• Celo total supply – 1 billion
• Celo Coinmarketcap ranking – #101

CELO/USD Market

Key Levels:

Resistance levels: $0.75, $0.80, $0.85

Support levels: $0.30, $0.25, $0.20

CELO/USD is seen refreshing to a new high after touching the daily low of $0.49 to move above $0.55 while currently trading at $0.50 with a bullish crossover above the 9-day and 21-day moving averages. On the contrary, the bears may intend to increase buying pressure if the market price head to the upside but the bulls could collect more on the price dips if the price slides and face the downside.

Celo Price Prediction: Would CELO Price Push Higher?

The Celo price can only maintain the uptrend if the current market movement crosses above the 9-day and 21-day moving averages. At the moment, the technical indicator Relative Strength index (14) is crossing above the 40-level by sending bullish signals into the market which could encourage more buyers to enter the market.

Meanwhile, if the red line of 9-day MA crosses above the green line of 21-day MA, the coin may begin to do well and the Celo price may cross above the upper boundary of the channel which could hit the resistance levels at $0.75, $0.80, and $0.85 respectively. On the contrary, if the technical indicator decides to make a quick turn and face the lower boundary of the channel, there may be a quick bearish drop towards the support levels at $0.30, $0.25, and $0.20 respectively.

Against Bitcoin, the Celo price is likely to cross above the 9-day and 21-day moving averages as the price hovers at 2987 SAT. Meanwhile, the technical indicator Relative Strength Index (14) moves above the 40-level. Moreover, for the fact that the 9-day MA remains below the 21-day MA, and the market price is likely to move bearishly.

Moreover, the daily chart reveals that the potential resistance level is located at 4600 SAT and above, but a lower sustainable move may likely cancel the bullish pattern, which could attract new sellers coming into the market with the next focus on the support level of 2000 SAT and below.

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