Celo Price Chart

Celo price prediction remains bullish, as CELO has breached the triple top resistance level of $0.535 and increased by more than 35% to the $0.675 level. The breakout of an ascending triangle pattern could be the main reason for a dramatic bullish trend, which could drive additional upward trends until the $0.7780 resistance mark.

Celo is currently trading at $0.678 with a 24-hour trading volume of $181 million. Celo has increased by more than 30% in the last 24 hours. CoinMarketCap now ranks #90, with a live market cap of $321 million.

CELO

There are 473,376,178 CELO coins in circulation, with a maximum supply of 1,000,000,000 CELO coins.

Curve.Finance Launches on Celo

As a founding member of Celo’s $100M “DeFi for the People” initiative, the premier decentralized exchange promotes the widespread use of crypto assets. By utilizing Wormhole’s Portal token bridge, Curve enables the frictionless transfer of stable assets between the blockchain and the off-chain world.

Curve is one of the few layer-1’s worldwide that connects to the largest decentralized exchanges, Uniswap v3, via Celo (DEXs). Moreover, Curve is one among the several companies, including the DeFi protocol Aave, the DEXs Sushi and Ubeswap, and the Valora wallet, that have become founder members of the DFTP.

CELO – Everything You Should Know

Celo is a mobile-based blockchain platform that promises to make financial decentralized applications (DApps) and crypto payments accessible to smartphone users everywhere in the globe, even those who do not have traditional bank accounts.

More than three million wallet addresses are presently in use with Celo from more than a hundred countries. An extensive group of people from government, businesses, nonprofits, and NGOs came together to create Celo. They are active with pilots, committees, and working groups, such as the World Economic Forum, World Bank Group, and the Chamber of Digital Commerce.

The major actors behind the platform, though, are GoDaddy employees Rene Reinsberg and Marek Olszewski, together with MIT professor Sep Kamvar.

The platform, which was created in 2017, uses people’s phone numbers and email addresses as public keys, permitting them to be used to prove who people are on the network. If you’re a fan of cryptocurrencies, you’ll be happy to know that Celo, like every other blockchain-based network, has its own native coin.

Enough about CELO fundamentals; let’s take a quick look at CELO’s technical side.

CELO Price Prediction

On the 4-hour timeframe, the CELO/USD pair broke through a triple top resistance level at $0.535, and candle closing above this level triggered a sharp upswing. On the upside, CELO could target the next resistance level of $0.722, and a break above this level could expose CELO to $0.778.

CELO Chart

Since the RSI and MACD indicators are still in the buying zone, the chances of an uptrend remain strong. Furthermore, the 50-day moving average supports the buying trend by extending support at $0.500.

Because these indicators have now entered the overbought zone, we can expect a minor bearish correction until the $0.600 level before resuming the buying trend.

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