CELO/USD Pumps by Roughly 9%

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RESULTS

CELO/USD has extended its upside move for the third consecutive session. At that price, the action in this market seems ready to gather more upside momentum. Let’s see the chances of the continuation of this price move.

Celo Analysis Data:
Celo Value Now: $0.749
CELO Market Cap: $356 million
CELO Moving Supply: 494 million
Celo Total Supply: 1 billion
Celo CoinMarketCap Ranking: #110

Major Price Levels:
Top: $0.749, $0.789, and $0.829
Base: $0.700, $0.664, and $0.620

CELO/USD May Find Support Above the 38.20 Fibonacci Level

In the previous session, the CELO/USD price action broke the medium-term resistance at $0.722. Furthermore, indicator signs still predict that price action has a fair chance of rising higher. The last price candle on this chart has appeared above the Fibonacci Retracement level of 38.20. Consequently, this has further pushed prices to $.749 Also, the Moving Average Convergence Divergence indicator lines are rising in a steeper manner. The bars of this indicator are also growing taller, although they are still green in appearance. Such signs as seen on this daily market suggest that prices may still rise further.

CELO/USD Plans to Extend Its Upside Move

Price action in the Celo 4-hour market seems to be about a base above the broken resistance level. Here, the last price candle is almost sitting above the support at 0.722. This is happening after the price action has stretched the upper limits of the Bollinger Bands on this market. Additionally, the curves of the applied Stochastic Relative Strength Index (SRSI) indicator are now at the peak of the overbought region. Also, these lines seem not to be ready to trend downward, as it appears that they will drag sideways at the peak of this region. Consequently, this suggests that prices in the CELO market will rise further toward the $0.800 price mark.

Buy Celo on eToro.