I-Celo (CGLD) i-Movement yexabiso izama ukubuyisela iNqanaba leNkxaso ye-38.20 yeFibonacci

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Sellers have been dominant in the CELO (CGLD) market for some time now. Consequently, this has caused prices to decline significantly over the past three trading sessions. However, at this point, it appears buyers have suddenly come alive, and with some significant strength. Let’s take a closer look at price action in this market.

Idatha yoHlahlelo lweCELO:
Ixabiso leCGLD ngoku: $0.704
Ikhonkco yemakethe yeCGLD: $345,925,443
Celo moving supply: 491, 531, 934
CGLD Supply: 1,000,000,000
CELO Coinmarketcap ranking: #106

Amanqanaba aphezulu eXabiso:
Phezulu: $ 0.704, $ 0.730, kunye ne-$ 0.756
Isiseko: $ 0.680, $ 0.660, kunye ne-$ 0,640

Celo (CELO) Price Movement Is Attempting to Retrace the 38.20 Fibonacci Support Level

Celo Presents Moderate Profits in This Session

Kwi EVEN/USD daily market, price movement seems to have rebounded moderately upwards in this ongoing session. And, with this, the price action in this market may be charting a new course toward higher price levels. A green price candle has appeared on this chart, and it has pushed the price towards the Fibonacci resistance level of 38.20 at $0.723. Additionally, the Stochastic RSI has started an upside crossover in the oversold region. Likewise, the MACD indicator is also revealing that downward forces are losing traction. This could be observed as the indicator bars have now started appearing pale red, just when the leading indicator line crossed below the equilibrium level. At this point, we can predict that this market is heading upward.

Celo (CELO) Price Movement Is Attempting to Retrace the 38.20 Fibonacci Support Level

Celo Price Upside Course Is Gaining More Traction

The EVEN/USD 4-hour market has revealed more about price development in this market. Here, technical indicators are giving more positive signs about the ongoing price move. The current price of Celo is above the 9-day EMA line, which signifies that price action has some upside traction. Meanwhile, the RSI has performed an upside crossover, and its lines have progressed sharply upwards. Also, the MACD seems to have started showing that upside forces are gaining momentum. Consequently, from here, it could be predicted that the price in this market may move toward the $0.760 price level.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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