•Celo Price Prediction predicts CELO/USD is attempting to break the upper boundary of the channel to increase the bullish movement.
•Currently, the Celo price is likely to trend upwards with a potential to reach the resistance levels of $0.90, $0.95, and $1.00.
•On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum with the focus to bring the market to the next support levels of $0.50, $0.45, and $0.40.
The digital currency market is a fast-paced and ever-changing world. With the emergence of new coins and technologies, traders and investors must stay up-to-date on the latest news, trends and price predictions for their chosen coins. One of the latest coins to hit the market is Celo (CELO/USD), and its price prediction shows that it may be poised for a major uptick.
Celo is a project that seeks to make the world’s financial systems more accessible and more secure. It is a mobile-first cryptocurrency designed to provide people with access to financial services and to facilitate global payments. The Celo platform is powered by an open source protocol and its native token, Celo Dollar (cUSD).
The Celo price prediction shows that CELO is attempting to cross above the upper boundary of the channel to increase the bullish movement. At the time of writing, the Celo price is likely to trend to the upside. However, the movement above the upper boundary of the channel may likely push the coin to the resistance levels of $0.90, $0.95, and $1.00.
The Celo price is also supported by a strong technical picture. The price not touching the resistance level of $0.80 may ruin the long-term technical picture of the coin. However, the Celo price will have to stay above the 9-day and 21-day moving averages in order to guide against the downward pressure while the closest support expects the coin at $0.70, which could be a daily low.
On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum with the focus to bring the market to the next support levels of $0.50, $0.45, and $0.40.
Overall, the Celo price prediction shows that the coin may be poised for a major uptick. With its mobile-first approach and secure financial system, the coin may be attractive to investors and traders alike. Traders should keep an eye on the price movements of the coin and watch for any signs of a breakout in order to make an informed decision.