{"id":510371,"date":"2022-11-29T18:00:54","date_gmt":"2022-11-29T18:00:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=510371"},"modified":"2024-06-11T08:54:46","modified_gmt":"2024-06-11T08:54:46","slug":"celo-sees-20-gains-in-last-week-as-the-broader-crypto-market-retreats","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/celo-sees-20-gains-in-last-week-as-the-broader-crypto-market-retreats\/","title":{"rendered":"Celo Sees 20% Gains In Last Week As The Broader Crypto Market Retreats"},"content":{"rendered":"<p><span style=\"font-weight: 400\">CELO&#8217;s price is currently at $0.6101, with a trading volume of $44,775,558. It is currently ranked number 97 on <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/celo\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">. The trading volume has decreased by over 73% in the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CELO shocked many market observers with a 33.51% price jump on Sunday and had a trading volume of $227,794,699.69. Although the token is still way off its all-time high of $10.68, it has shown signs of recovery.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/ethereum-loses-demand-zone-again-as-bulls-sweat-is-700-realistic-for-investors\/\" target=\"_blank\" rel=\"noopener \">Ethereum Loses Demand Zone Again As Bears Dominate \u2013 Is $700 Realistic For Investors?<\/a><\/div>\n<p><span style=\"font-weight: 400\">2022 has been an eventful year in crypto circles, from XRP&#8217;s lawsuit with the SEC to the collapse of Celius and FTX. Pessimism has also driven the prices of crypto assets down as the fear factor increases.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CELO coin has defied the odds to go on a rally that has holders hopeful of potential gains. From its historical price movement, it remains to see how far this momentum can hold.<\/span><\/p>\n<h2><b>What Is Behind CELO\u2019s Recent Price Upsurge?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">CELO&#8217;s innovative cryptocurrency system gives the project an edge in the prevailing bearish cryptocurrency market. <\/span><a href=\"https:\/\/celo.org\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CELO<\/span><\/a><span style=\"font-weight: 400\"> targets increasing crypto use among smartphone users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the number of smartphone users rising daily, it is easy to understand why it is gaining in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The proof of stake mechanism adopted by the project developers also makes it more energy efficient and future-inclined. The current value of the CELO network is directly proportional to efforts from network builders, the fanbase, and investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, Bitcoin has recently seen a slow and steady increase in its valuation. Judging from history and Bitcoin&#8217;s dominance, it affects the prices of other coins.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Macroeconomic factors also have a role to play since investors are more careful with their portfolios. The current economic meltdown in some regions of the world has also lengthened the crypto bear market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CELO supports rave-of-the-moment projects that include NFTs and Web3 services. Experts insist that these projects will eventually launch CELO to importance.<\/span><\/p>\n<figure id=\"attachment_510512\" aria-describedby=\"caption-attachment-510512\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-510512\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/CELOUSD_2022-11-29_19-09-25.png?resize=860%2C523\" alt=\"CELOUSD\" width=\"860\" height=\"523\"><figcaption id=\"caption-attachment-510512\" class=\"wp-caption-text\">CELO&#8217;s price is currently trading at $0.6102. | CELOUSD price chart from <a href=\"https:\/\/www.tradingview.com\/chart\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><b>CELO Possibly Going On A Bullish Run<\/b><\/h2>\n<p><span style=\"font-weight: 400\">CELO&#8217;s price has rebounded remarkably in the past few days. The price will likely continue on its bullish run for the short term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">CELO is trading slightly below the 200-day Simple Moving Average (SMA), showing a sell signal. It is also below the 50-day <\/span><a href=\"https:\/\/www.tradingview.com\/ideas\/simplemovingaverage\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">SMA<\/span><\/a><span style=\"font-weight: 400\"> and is still a sell signal from the indicator. The <\/span><a href=\"https:\/\/www.tradingview.com\/ideas\/simplemovingaverage\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">RSI<\/span><\/a><span style=\"font-weight: 400\"> value is currently 56.45. It indicates that the price is more likely to go bullish since it is above 40.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/www.tradingview.com\/education\/macd\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">MACD<\/span><\/a><span style=\"font-weight: 400\"> shows a tentative buy signal, with both the MACD and a signal line pointing upwards. The price has moved in a sideways trend, as observed in the candlestick pattern on the chart. It means that while a bullish run is possible, it will likely remain neutral for the time being.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bch-price-investors-may-not-want-to-go-long-yet-on-bch-heres-why\/\" target=\"_blank\" rel=\"noopener \">BCH Price: Investors May Not Want To Go Long Yet On BCH \u2013 Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">The key levels on the chart are as follows: support: $0.4176, $0.4692, and $0.571559. The resistance levels are $0.7255, $0.7770, and $0.8793.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CELO will likely break through these resistance levels if buyer pressure holds. It also correlates with the price movement of the top ten cryptocurrencies as they experience gains.<\/span><\/p>\n<pre style=\"text-align: center\">Featured image from Pixabay and chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>CELO&#8217;s price is currently at $0.6101, with a trading volume of $44,775,558. It is currently ranked number 97 on CoinMarketCap. The trading volume has decreased by over 73% in the last 24 hours. CELO shocked many market observers with a 33.51% price jump on Sunday and had a trading volume of $227,794,699.69. Although the token is still way off its all-time high of $10.68, it has shown signs of recovery. Related Reading: Ethereum Loses Demand Zone Again As Bears Dominate \u2013 Is $700 Realistic For Investors? 2022 has been an eventful year in crypto circles, from XRP&#8217;s lawsuit with the SEC to the collapse of Celius and FTX. Pessimism has also driven the prices of crypto assets down as the fear factor increases. CELO coin has defied the odds to go on a rally that has holders hopeful of potential gains. From its historical price movement, it remains to see how far this momentum can hold. What Is Behind CELO\u2019s Recent Price Upsurge? CELO&#8217;s innovative cryptocurrency system gives the project an edge in the prevailing bearish cryptocurrency market. CELO targets increasing crypto use among smartphone users.\u00a0 With the number of smartphone users rising daily, it is easy to understand why it is gaining in the market. The proof of stake mechanism adopted by the project developers also makes it more energy efficient and future-inclined. The current value of the CELO network is directly proportional to efforts from network builders, the fanbase, and investors. Also, Bitcoin has recently seen a slow and steady increase in its valuation. Judging from history and Bitcoin&#8217;s dominance, it affects the prices of other coins. Macroeconomic factors also have a role to play since investors are more careful with their portfolios. The current economic meltdown in some regions of the world has also lengthened the crypto bear market. CELO supports rave-of-the-moment projects that include NFTs and Web3 services. Experts insist that these projects will eventually launch CELO to importance. CELO Possibly Going On A Bullish Run CELO&#8217;s price has rebounded remarkably in the past few days. The price will likely continue on its bullish run for the short term.\u00a0 CELO is trading slightly below the 200-day Simple Moving Average (SMA), showing a sell signal. It is also below the 50-day SMA and is still a sell signal from the indicator. The RSI value is currently 56.45. It indicates that the price is more likely to go bullish since it is above 40. The MACD shows a tentative buy signal, with both the MACD and a signal line pointing upwards. The price has moved in a sideways trend, as observed in the candlestick pattern on the chart. It means that while a bullish run is possible, it will likely remain neutral for the time being. Related Reading: BCH Price: Investors May Not Want To Go Long Yet On BCH \u2013 Here\u2019s Why The key levels on the chart are as follows: support: $0.4176, $0.4692, and $0.571559. The resistance levels are $0.7255, $0.7770, and $0.8793. CELO will likely break through these resistance levels if buyer pressure holds. It also correlates with the price movement of the top ten cryptocurrencies as they experience gains. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":568,"featured_media":510375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[82785,82786,1558,2887,87715],"class_list":["post-510371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celo","tag-celousd","tag-cryptocurrency","tag-market","tag-top-gainer"],"acf":[],"yoast_head":"\n<title>Celo Sees 42% Gains In Last Week As The Broader Crypto Market<\/title>\n<meta name=\"description\" content=\"CELO shocked many market observers with a 33.51% price jump yesterday and had a trading volume of $227,794,699.69.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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