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- Celo coin price bounced back to $3.94 from the support of $3.62 on Tuesday’s trading session
- The 24-hour volume in CELO is at $20,405,662 with a 142.45% increase.
- The CELO/BTC pair was trading at 0.00007297 BTC with a loss of 4.15%
The 4-hour technical chart of Celo coin price projects an uptrend. According to pivot points, CELO’s critical support level is placed at $3.62. Whereas if it moves up, the key resistance level to watch is $5.58. While diving into the weekly chart of a 4-hour time-frame, it completes a pin bar candlestick pattern. Which represents a sharp reversal and rejection of price.
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) is below the SMA-100 (white), which projects a bearish trend. The price is testing the SMA-50. If it sustains above both the SMA, Investors can observe a bullish trend.
RSI indicator (BULLISH), with a value of 53.62, indicates a buy signal in the coin. Moreover, Investors can see an increase in value from 45 to 53; it may surge more in future trading sessions.
High Buying Volume May Push CELO coin price
Celo coin price traded at $3.94 with a gain of 3.33% in the last 24-hour. In contrast, the market capitalization stands at $39 million. Technically, investors can perceive a negative crossover in SMA for a short while. Moreover, the movement of price can be towards the resistance of $5.58.
Resistance: $5.58
Support: $3.62
Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.
