CELO USDT Celo Technical Analysis

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By Frans van Elst

Celo logo In this Celo technical analysis, we will examine the current price action, trading volume, key levels and indicators for CELO-USDT. Celo is a decentralized blockchain platform that enables the next generation of financial applications. It utilizes a proof-of-stake consensus algorithm and features a flexible, modular architecture to support a wide range of use cases. With its focus on scalability and interoperability, Celo aims to provide a seamless experience for users and developers alike.

Celo Price Overview:

As of May 26, 2024, Celo is trading at approximately 0.9032 USDT. Let’s dive into the detailed price action for CELO-USDT:

Dive into Celo’s (CELOUSDT) optimistic outlook at 9.03e-01 USDT, guided by bullish technical analysis emphasizing strong support and promising indicators.

Metric Value
Open (O) 0.8907
High (H) 0.9056
Low (L) 0.8748
Close (C) 0.9032
Volume (C) 4,660,788.90
  • Open (O): The opening price for today’s trading session was approximately 0.8907 USDT.
  • High (H): Celo reached a daily high of around 0.9056 USDT.
  • Low (L): The daily low for CELO-USDT was approximately 0.8748 USDT.
  • Close (C): At the time of analysis, Celo is trading near its daily close of 0.9032 USDT.
Metric Value
1D Change (%) 1.32%
3D Change (%) 5.39%
7D Change (%) 11.22%
30D Change (%) 11.44%
90D Change (%) -5.61%
YTD Change (%) 17.15%

Over the past three days, CELOUSDT has risen by approximately 5.39%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 11.22%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CELOUSDT maintaining an upward trend of approximately 11.44%, despite intermittent fluctuations. Examining the last 90 days, CELOUSDT has witnessed substantial fall of approximately -5.61%, reflecting strong long-term confidence. Year-to-date, CELOUSDT has steadily increased by around 17.15%, 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-USDT 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 0.73762.
  • Momentum score is 0.1051.

CELO USDT Technical Analysis

Celo Trading Volume:

The trading volume for Celo (CELO) over the past 24 hours has been insignificant, with approximately 4,660,788.90 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Celo is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for CELO-USDT is currently in the neutral zone, around 51.12105. This suggests that Celo is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Celo (CELO-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Dive into Celo’s (CELOUSDT) optimistic outlook at 9.03e-01 USDT, guided by bullish technical analysis emphasizing strong support and promising indicators.

Dive into the details with our in-depth analysis on CELO BTC Celo Technical Analysis; you won’t want to miss it if you found this post interesting.

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.

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