|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Will the CELO Token Reach $1 Following Its Bullish Breakout From a Falling Channel and a Surge Above the 200-Day Exponential Moving Average (EMA)?
Sep 25, 2024 at 06:25 pm
As the Web3 and layer-2 network space experiences significant growth, CELO is witnessing an increase in daily active addresses.
The CELO token has experienced a surge in activity, with daily active addresses increasing significantly. This growth is further fueled by acknowledgment from Ethereum co-founder Vitalik Buterin, who highlighted the rising demand for the CELO network.
As the Web3 and layer-2 network space continues to expand rapidly, a closer examination of the CELO price action reveals key technical indicators that may provide insight into the token's future price movements.
With a recent breakout from a falling channel pattern and a surge above the 200-day exponential moving average (EMA), the bullish momentum appears to be building.
However, it is crucial to note that the crypto market is inherently volatile and influenced by a multitude of factors, making precise price predictions challenging.
Nevertheless, an analysis of Fibonacci levels, moving averages, and relative strength can offer valuable information for traders and investors.
As the CELO price continues to trend upward, it is likely to encounter resistance at the 23.60% Fibonacci level around $0.725.
Further up, the 38.20% and 50% levels, corresponding to $0.92 and $1, respectively, could also pose challenges to the token's ascent.
On the downside, crucial support levels to watch for the CELO token include $0.53 and $0.48.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Banana Gun Hack: Cryptocurrency Trading Bot Confirms $3M Loss, Commits to Refund Users
- Sep 25, 2024 at 10:30 pm
- The Telegram-based cryptocurrency trading bot Banana Gun has confirmed a $3 million loss due to a hacking incident that targeted its experienced user base.
-
- WazirX Hacker Is Almost Done Laundering $230M Stolen Funds
- Sep 25, 2024 at 10:30 pm
- Whoever was behind India's biggest cryptocurrency hack is almost done laundering over $230 million worth of tokens, on-chain data shows.
-
- CELO Surges 25% as Vitalik Buterin Praises Project's Stablecoin Growth in Africa
- Sep 25, 2024 at 10:30 pm
- CELO, the native utility token of the Celo platform, surged around 25% to $0.68 after Vitalik Buterin, the Ethereum co-founder, praised the project's recent achievement in terms of daily active stablecoin addresses, data from CoinMarketCap shows.
-
- Ethereum's (ETH) Positive Cycle in a Bear Channel Aims to Reach $3,000 With a Bullish Pennant in the 4-Hour Chart
- Sep 25, 2024 at 10:30 pm
- With a bullish trend in the broader crypto market, Ethereum is scaling new heights and preparing to hit an overhead trendline.
-
- Deepcoin and TONX Host Exclusive Grand Party Event, "INTO THE DEEP", During Token 2049 Singapore
- Sep 25, 2024 at 10:30 pm
- The much-anticipated celebration took place during the evening on September 17 at the iconic CÉ LA VI SkyBar & Club Lounge
-
- Advisors' Personal Crypto Investments Are Growing, Which May Boost Client Allocations
- Sep 25, 2024 at 10:30 pm
- As per Bitwise CIO Matt Hougan, more and more leading US financial advisors are now investing in cryptocurrencies in their own capacity.
-
- Top 3 Altcoins to Buy in 2024 - Bitgert, Pepe Coin, and POPCat
- Sep 25, 2024 at 10:30 pm
- The US Fed rate cut has invited a positive movement for the crypto market and many believe that a massive bull run is not very far.
-
- SEC Extends Ethereum ETF Decision, Delays Market Impact
- Sep 25, 2024 at 10:30 pm
- The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Ethereum ETF options, initially expected by Sep. 26, now postponed to Nov. 10.
-
- Mt. Gox Repayment Rounds Cause Bitcoin Price Fluctuations, But Analysts Predict Bullish Cycle in Q4
- Sep 25, 2024 at 10:30 pm
- The start of Mt.Gox repayments in July caused significant price fluctuations in the crypto market due to uncertainty about how the funds would be used.