- CELO surges 41.1% in 24 hours, showing strong investor confidence and bullish momentum.
- The recent surge could be linked to its joint effort with Tether to introduce USDT on the Celo network.
- Technical indicators on CELO’s price chart, like EMA and MACD, indicate a continued bullish trend.
In a notable market action, the price of Celo (CELO) has increased by 41.1% in the past 24 hours, showcasing the firm belief of investors and the market enthusiasm. Nonetheless, the latest information indicates that CELO, despite hitting a barrier at the intra-day peak price of $1.84, is still bullish at the current trading price of $1.63.
This remarkable increase follows a period of consolidation where the token found robust support at $1.14, setting the stage for its current upward trajectory. Market analysts now speculate that CELO could surpass the $1.84 resistance level in the near future amidst growing optimism around the token’s prospects.
CELO/USD 24-hour price chart (Source: Coinstats)
This rally has not only pushed CELO’s price upwards but also significantly boosted its market capitalization by 4…
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