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 April 24, 2024, Celo is trading at approximately 0.8668 USDT. Let’s dive into the detailed price action for CELO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.8545 |
| High (H) | 0.9339 |
| Low (L) | 0.8474 |
| Close (C) | 0.8668 |
| Volume (C) | 10,883,163.60 |
- Open (O): The opening price for today’s trading session was approximately 0.8545 USDT.
- High (H): Celo reached a daily high of around 0.9339 USDT.
- Low (L): The daily low for CELO-USDT was approximately 0.8474 USDT.
- Close (C): At the time of analysis, Celo is trading near its daily close of 0.8668 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.43% |
| 3D Change (%) | 2.52% |
| 7D Change (%) | 11.61% |
| 30D Change (%) | -28.39% |
| 90D Change (%) | 35.23% |
| YTD Change (%) | 12.43% |
Over the past three days, CELOUSDT has increased by approximately 2.52%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.61%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CELOUSDT maintaining a downward trend of approximately -28.39%, despite intermittent fluctuations. Examining the last 90 days, CELOUSDT has witnessed substantial increase of approximately 35.23%, reflecting strong long-term confidence. Year-to-date, CELOUSDT has steadily appreciated by around 12.43%, 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 0.972.
- Momentum score is -0.18694.
CELO USDT Technical Analysis
Celo Trading Volume:
The trading volume for Celo (CELO) over the past 24 hours has been significant, with approximately 10,883,163.60 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 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-USDT is currently in the neutral zone, around 46.05341. 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 bearish 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 significant trading volume are neutral signals for potential sideways movement.
Receive signals of growth for Celo (CELOUSDT) at 8.67e-01 USDT through positive technical analysis, backed by strong support and promising indicators.
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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.