CELO Price Forecast - Mobile-First Focus Could Pay Off For Celo, How High Can Price Go

CELO is bearish today. In the last 24 hours, CELO has dropped by 2.3%, and it was trading at $0.652 at the time of writing. The token is reversing from a notable uptrend, and it is still holding 50% weekly gains.

CELO price analysis

In the last 24 hours, the volatility of CELO has increased significantly. The token has traded between $0.65 and $0.77 within this time. Its 24-hour trading volumes currently stand at more than $197 million.

CELO’s price is reversing from a significant bullish trend. The token is up by 50% in the past few days, having outperformed the majority of the market that is yet to make any significant gains since the collapse of FTX.

If the bears take full control, CELO will likely continue reversing. If it loses support at the current prices, CELO will likely continue to plunge and drop below $0.60. A drop to $0.43 will erase most of the recent gains.

CELO price analysis

The buying support for CELO is dropping, as seen in the movement of the Relative Strength Index (RSI), which now stands at 57. Nevertheless, the trend is still bullish, and if short-term traders stop selling, the price could consolidate at the current levels. The resumption of broader market support could also take CELO higher.

What was behind CELO’s pump?

There are several positive developments behind the recent gains made by CELO. Curve Finance, one of the popular decentralized exchanges, deployed on Celo after a partnership between the Celo Foundation, Curve, Stake DAO, and Stake Capital. This integration is a notable adoption for the Celo network.

Celo further revealed a partnership with ConsenSys that allows the former to integrate the Infura infrastructure offered by ConsenSys. This partnership will allow developers on Celo to create with Infura, which will increase the scalability of the blockchain. This partnership could drive the adoption of Celo.

Altcoins that could rally 10x

If you missed the CELO pump, you might consider investing in some of the best presales of 2022. Presales are historically known to be lucrative investment opportunities. Here are some of the best presales that could deliver 10x gains.

Dash 2 Trade

Dash 2 Trade is an Ethereum-based crypto signals platform. With the recent collapse of FTX and the turbulence that followed thereafter, crypto traders are looking for a reliable tool to help them make winning trades and reduce losses.

Dash 2 Trade’s presale is fast selling out, with more than 50% of the presale tokens being sold. The presale has raised $7.3 million. A beta version of the Dash 2 Trade platform is almost ready for launch.

RobotEra

If you want to diversify your investment in the metaverse, you should consider participating in the RobotEra presale that started recently. This presale is currently in stage one, where 1 TARO is priced at $0.020. The price will increase at each new stage.

RobotEra’s presale has already raised more than $268,000. RobotEra is a Sandbox-like metaverse where players can buy land and participate in creating the virtual world. RobotEra is backed by LBank Labs.

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