In this Celo technical analysis, we will examine the current price action, trading volume, key levels and indicators for CELO-BTC. Celo is a decentralized blockchain platform that enables the next generation of financial applications by providing a scalable, secure, and interoperable infrastructure. With its novel proof-of-stake consensus algorithm and modular architecture, Celo empowers developers to build and deploy a wide range of financial services, from lending and borrowing to trading and payments. By leveraging the power of decentralized identity and smart contracts, Celo is poised to revolutionize the way we interact with money and financial systems.
Celo Price Overview:
As of May 04, 2024, Celo is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for CELO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 12,661.30 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Celo reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for CELO-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Celo is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.24% |
| 3D Change (%) | -3.99% |
| 7D Change (%) | -2.97% |
| 30D Change (%) | -20.56% |
| 90D Change (%) | -17.79% |
| YTD Change (%) | -30.06% |
Over the past three days, CELOBTC has decreased by approximately -3.99%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -2.97%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CELOBTC maintaining a downward trend of approximately -20.56%, despite intermittent fluctuations. Examining the last 90 days, CELOBTC has witnessed substantial fall of approximately -17.79%, reflecting strong long-term confidence. Year-to-date, CELOBTC has steadily decreased by around -30.06%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Celo Live Chart:
You can access a live price chart for CELO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.44941.
- Momentum score is 0.08051.
CELO BTC Technical Analysis
Celo Trading Volume:
The trading volume for Celo (CELO) over the past 24 hours has been insignificant, with approximately 12,661.30 BTC traded against CELO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): CELO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Celo is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CELO-BTC is currently in the low zone, around 43.1462. This suggests that Celo is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Celo (CELO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Anticipate potential setbacks for Celo (CELOBTC) at 1.27e-05 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on CELO USDT Celo Technical Analysis if you found this post intriguing.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.