How High Will CELO Price Go Before The End of March 2022?

How High Will CELO Price Go Before The End of March 2022?

Key Takeaways

  • The CELO price closed the previous day’s trade at $3.125 with a market capitalization of $1.32 billion and a circulating supply of 427,388,610 CELO
  • The asset is trending within a notable descending trend, rejecting the possibilities of a rebound or a breach-through the trend
  • Despite the current flip from the lower bottoms, the asset appears to be primed to shed some gains to hit the lower support levels again

Celo (CELO) Technical-Analysis for Today: 25 March 2022

The Celo price flipped the bearish divergence a couple of days before and since then followed a substantial uptrend. Currently, the price seems to be poised to maintain a notable uptrend but an interim pullback could challenge the strength of the rally. However, slashing the odds, the CELO price could ignite a strong flip at $3 and quickly ignite a strong rebound to $3.2 to end the day’s trade. 

Celo (CELO) Technical Analysis at a Glance

Despite the CELO price is still within the captivity of the bears, the asset is attempting very hard to break the consolidation. And hence the asset may continue with an uptrend, accumulating huge bullish momentum. Further, it could continue with the narrow swing until it receives a decent opportunity for a breakout. Therefore, settling high, validating a bullish trend to close the quarterly trade. 

Short-Term The price is currently dropping towards the lower support may be due to exhaustion following a significant surge. However, the selling volume is currently low that may flip the descending trend quickly
Mid-Term The sellers are attempting very hard to restrict the price below $3.1, yet the asset appears to assure a daily close above $3.2 to maintain a notable uptrend
Long-Term In the long-term the price is extremely bullish, maintaining a strong uptrend as the buying volume keeps on accumulating

Additional Read: What is CELO?

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 59.53 / 60.992 Buy / Buy 
MACD(12,26) 0.025 / 0.091 Buy / Buy
Average Directional Index(ADX) 35.11 / 22.72 Buy / Buy 
Bull-Bear Power 0.0610 / 0.4180 Buy / Buy

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $3.10 $2.81
Moving Average(MA)-200 $3.00 $4.55
Resistance $3.33 $4.6
Support $2.87 $2.1


Oscillators Short-Term Long-Term
Stochastic Oscillator 74.89 41.48
Ultimate Oscillator 56.02 51.32
Average True Range(ATR) 0.043 0.26
CCI 106.68 93.57

The CELO price is quite bullish in both the time frames and hence the price may keep up the uptrend slowly yet steadily. RSI in STF and HTF is ranging high, while huge buying volume is mounting with intensified rally strength. However, the asset has less volatility in STF while in the HTF, it is highly volatile. Moreover, the bulls hold control as the price has surpassed the immediate resistance and heading towards the decisive phase. 

CELO /USDT Technical-Analysis for Short-Term

Source: Tradingview

  • The Celo price recently broke through the descending trend with a huge spike of nearly 30% 
  • However, the asset continued to consolidate but in an ascending manner, trending within an ascending triangle
  • No doubt the asset is facing rejection at the moment but could rebound back firmly as it hits the lower support just above $3
  • With the flip, the asset may eventually range high towards $3.7 initially and later could even test the pivotal $4 levels

CELO /USDT Technical-Analysis for Long-Term

Source: Tradingview

  • CELO price smashed its highs somewhere in Q3 end and further plunged hard to test the lower support 
  • The asset slid down heavily below $3 and after a couple of attempts rebounded well but is still hovering within the danger zone
  • Therefore the price may face yet another interim rejection if it fails to slice through the upper resistance of the channel 
  • However, the lower support at $2.8 may ignite a notable rebound, if failed it may slide down much below $2.5 and wait for an opportunity to rebound

Additional Read: CELO Price Prediction

Where & How to Buy Celo(CELO)

Thinking of buying Celo but don’t know where? No worries, you have landed at the right place. 

CoinDCX is the best option if you are in search of platforms offering smoother trades, multiple features, largely cost-effective, and reliability. Moreover, CoinDCX has come up with a lucrative investment plan where-in you can invest in your favorite asset every week. To start in bitcoin and another crypto with a crypto investment plan, just register following the below mentioned steps, 

  • Download the CoinDCX App
  • Enter your Details
  • On verification, fund your wallet and buy.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


Source link

What do you think?


Written by admin

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Crypto Technical Analysis Curve, Maker, Anchor Protocol & More

Crypto Technical Analysis Curve, Maker, Anchor Protocol & More

Enjin Coin Technical Analysis:  ENJ Price Testing Crucial Levels, Will it Make it or Break it?

Enjin Coin Technical Analysis:  ENJ Price Testing Crucial Levels, Will it Make it or Break it?