- The Celo coin price bounceback from 21-EMA with a 6.5% return during intraday.
- The 24-hour trading volume is at $167 million.
- CELO/BTC pair is trading positive by 3.7% at 0.00010082 BTC.
On the daily chart of Celo coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price is floating above the red line, so until the price resides above the EMA, it will assure an uptrend in Celo.
Trading volume (2.812 M) is below the 20-day moving average (6.697 M). The volume is moderate, so the cost is gradually moving upside. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
CELO Coin Price Trend Gradually Moving Towards The Supply Zone
CELO coin daily technical chart and price trend show an uptrend. Based on the price action, the supply zone is located at 7.50 – 8.0 USDT. On the other hand, the demand zone to look for is 5.0 USDT. Therefore, the chart shows a dragonfly Doji candlestick pattern during the day. The cost is confident that it will remain sideways with unwavering medium-strength over a short period of time.
The RSI indicator gave a signal (bullish) with 57, projecting a buy signal in the currency. Investors can observe an inclined slope from 47 to 57 on the index. It can rise in future trading sessions.
The MACD indicator gives (bullish) cross over the signal line on October 18, demonstrating a buy signal in the coin. Additionally, Investors can see the beginning of green bars on the Histogram index.
Conclusion
Celo coin price today is $6.20 with a 24-hour exchanging volume of $168,213,937. CELO cost is up 3.3% as of now. It has a coursing supply of 330 Million CELO coins and an all-out supply of 1 Billion.
The RSI and MACD both point to a buy signal, and the traders have prompted moderate volume. In fact, the cost bounced from the demand zone and headed towards the supply zone gradually. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $7.50 & $8.0
Support Level: $5.0