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The CELOUSDT market has arrived in the second spot among today’s top-performing coins as of the time of writing. The token recorded a price increase of 4.35%. While this may seem small, it could hold some potential for future growth.
Celo Statistics
Current Price: $0.1686
Market Capitalization: $99.11M
Circulating Supply: 589.48M
Total Supply: 1B
CoinMarketCap Rank: 275
Key Levels
Resistance: $0.1750, $0.2000, $0.2250
Support: $0.1500, $0.1250, $0.1000
Celo Bulls Wrestle Headwinds
While the ongoing session in the CELOUSDT market is currently showing modest gains, it appears buyers are trying to put up a fight. Price action recoiled downward after breaching the resistance at the 9-day Exponential Moving Average (EMA), but the ongoing session has countered that move.
The latest price candle is green but still positioned below the 9-day EMA. The Stochastic Relative Strength Index (SRSI) indicator lines are taking a slight downward trajectory following a bearish crossover above the 80 level. Nevertheless, the current session is sustaining bullish hopes.
CELOUSDT Upward Rebound off the $0.1600 Mark Appears Viable
On the 4-hour chart, price action is rising off support at the $0.1600 level. The ongoing session’s price candle is pushing toward the 9-day EMA from below.
The SRSI indicator lines are in the oversold region but maintain an upward trajectory. Since price action remains in the green, buyers may anticipate a breakout above the 9-day EMA, which could position the market to approach the $0.1800 level.
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