CELO/USD Spikes Above $0.550 Resistance

The Celo price prediction shows that CELO could make a significant surge if the price breaks above the upper boundary of the channel.

Celo Prediction Statistics Data:

• Celo price now – $0.575
• Celo market cap – $275.1 billion
• Celo circulating supply – 478.8 million
• Celo total supply – 1 billion
• Celo Coinmarketcap ranking – #99

CELO/USD Market

Key Levels:

Resistance levels: $0.800, $0.850, $0.900

Support levels: $0.400, $0.350, $0.300

CELO/USD is beginning to create a new bullish movement as the coin currently trades at $0.575 preparing to cross above the upper boundary of the channel. However, the coin is likely to create more upward if the bulls dominate the market.

Celo Price Prediction: Celo (CELO) Could Trigger Fresh Rally

The Celo price can only increase the bullish movement if the $0.520 support is maintained at all costs. At the moment, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level to encourage more buyers to enter the market.

Meanwhile, if the 9-day moving average crosses above the 21-day moving average, the Celo price may stay on the positive side, otherwise, the coin could reach the support levels at $0.400, $0.350, and $0.300. Nevertheless, if CELO/USD decides to make a quick cross above the upper boundary of the channel, there may be a quick bullish rise, and the potential resistance levels could be found at $0.800, $0.850, and $0.900 respectively.

Again Bitcoin, the Celo price is hovering at 3299 SAT as the coin prepares to cross above the 9-day and 21-day moving averages. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross above the 50-level. However, for the fact that the market keeps moving sideways, the Celo price is likely to move in the same direction in the next nearest term.

Moreover, if the coin crosses above the upper boundary of the channel, the potential resistance level lies at 4800 SAT and above, but any bearish movement towards the lower boundary of the channel may attract new sellers into the market with the next focus on the support level of 2000 SAT and below.

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