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Price activity in the CELOUSDT market is expressing massive bullishness, spanning many trading sessions, with any signs of downward correction quickly shaking off. Let’s explore if more can be expected or witnessed in this market.
Key CELO Statistics:
Current Celo value: $0.853
CELO Market Cap: $433,441,460
CELO Circulating Supply: 521,561,538
Celo Total Supply: 1,000,000,000
Celo CoinMarketCap Ranking: 128
Key Price Levels:
Resistance: $0.853, $0.900, and $0.9100
Support: $0.850, $0.800, and $0.700
Celo Still Has Enough Steam to Reach the $0.900 Mark
As mentioned earlier, the CELOUSDT daily market has received a good share of tailwinds, bringing the token to trade above the $0.800 price level. Today’s trading session has been significantly bullish, evident in the green long-bodied price candle, placing the token above the $0.850 mark.
Signs indicate prices may rise further towards $0.750 and $0.850, with a shorter upper shadow than the one below. Trading continues above the 21-day Moving Average (MA) line, and the Stochastic Relative Strength Index (RSI) indicator lines are still trending upwards in the overbought region, indicating robust bullish momentum.
CELO Trades Outside the Bollinger Bands Upper Limit
Celo’s price action has burst through the uppermost limit of the Bollinger Bands indicator in the ongoing session, with a strong bullish stance considering its length and color.
Additionally, the Stochastic Relative Strength Index (RSI) indicator lines have a steep upside bearing following the most recent crossover in the oversold region. All emerging signs align with the opinion that holders of this token may witness further increases in the worth of their holdings, as the market seems primed for more upside traction towards the $0.900 mark.
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