Celo Price Prediction for Today, September 25 – CELO Technical Analysis

The Celo price prediction reveals that CELO may need to stage a meaningful short-term rally for the coin to see a rise above the $0.50 level.

Celo Prediction Statistics Data:

• Celo price now – $0.46
• Celo market cap – $236.9 million
• Celo circulating supply – 511.7 million
• Celo total supply – 1 billion
• Celo Coinmarketcap ranking – #111

CELO/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.35, $0.30, $0.25

CELO/USD is seen moving in a range as the coin touches the daily high at the $0.48 resistance level. However, the early daily rally toward the $0.50 level failed to generate sustainable gains, with CELO/USD slowly climbing above the 9-day and 21-day moving averages.

Celo Price Prediction: Celo (CELO) May Head to the Upside

The Celo price is likely to cross above the upper boundary of the channel, but the longer the coin fails to rally from current trading levels, the greater the chance that traders may see the coin falling. A break below the moving averages may bring a deeper decline toward the support levels of $0.35, $0.30, and $0.25. Meanwhile, the technical indicator Relative Strength Index (14) is still below the 60-level, suggesting a bearish movement for the market.

However, the daily chart highlights that CELO/USD bulls may need to re-group and energize the market by pushing the price to the upside. Therefore, any further bullish movements above the channel could locate the resistance levels of $0.55, $0.60, and $0.65, and a move above these levels may encourage further Celo buying.

CELO/BTC May Spike to the Upside

Against Bitcoin, Celo (CELO) is moving bullishly above the 9-day and 21-day moving averages. The Celo price may continue to follow the upward movement if crosses above the upper boundary of the channel.

However, as the technical indicator, Relative Strength Index (14) implies, the signal line is crossing above the 60-level with a possible break to the upside. Moreover, any further bullish movement could lead to a resistance level of 2000 SAT and above. On the contrary, falling toward the lower boundary of the channel may hit the support level of 1500 SAT and below.

Celo Alternatives

The Celo price can only gain more uptrends if the coin stays above the 9-day and 21-day moving averages. At the moment, the technical indicator Relative Strength index (14) is moving to cross above the 60-level by sending bullish signals into the market which could encourage more buyers to enter the market.

On that note, the presale for Wall Street Memes token is scheduled to conclude on September 25, 2023, at 6:00 PM UTC. However, the token will be officially listed on multiple top-tier cryptocurrency exchanges on September 27, 2023. Details regarding the specific exchange platforms where it will be available will be disclosed shortly

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