Celo Price Prediction for Today, November 22: CELO Approaches $0.60 Level

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The Celo price prediction reveals that CELO is changing hands at $0.528 as the technical indicator Relative Strength Index (14) faces up.

CELO Prediction Statistics Data:

  • CELO price now – $0.528
  • CELO market cap – $246 million
  • CELO circulating supply – 473.3 billion
  • CELO total supply – 1 billion
  • CELO Coinmarketcap ranking – #103

CELO/USD Market

Key Levels:

Resistance levels: $0.700, $0.750, $0.800

Support levels: $0.300, $0.250, $0.200

CELO/USD is trading at around $0.528, and once it manages to surpass the resistance of $0.500, the next target is located at $0.600 where it could head toward the upper boundary of the channel. However, a push from the current market value could send the price straight to the resistance level of $0.650, but if the current level fails to hold strong, the Celo (CELO) could slip below the support level of $0.450.

Celo Price Prediction: Is Celo Ready for the Upside?

Looking at the daily chart, the Celo bulls are coming into the market, if the buyers put more effort and push the coin above the 21-day moving average, CELO/USD could hit the resistance levels of $0.700, $0.750, and $0.800 respectively. In addition, any bullish movement above these key resistance levels may likely encourage further buying.

Moreover, any bearish movement below the lower boundary of the channel may decline toward the critical supports at $0.300, $0.250, and $0.200. Meanwhile, looking at the technical indicator Relative Strength Index (14), CELO may exhibit the tendencies to follow an upward trend as the signal line moves to cross above the 50-level, suggesting bullish movement.

Against Bitcoin, the CELO price is hovering above the 9-day and 21-day moving averages to hit the nearest resistance at 3300 SAT. Therefore, unless this resistance effectively holds and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.

CELOBTC – Daily Chart

However, any bearish movement below the moving averages could refresh lows under 3200 SAT as a possible bearish continuation may likely meet the major support at 2200 SAT and below. From above, the buyers may push the coin above the upper boundary of the channel to hit the potential resistance at 4000 SAT and above. More so, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level, suggesting more bullish signals.

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