Price Predictions

Celo(CELO) Price Prediction: After 50% Jump CELO Price Eye’s Another 40% Spike!

Celo Technical Analysis

Key Takeaways:

  • The CELO price closed the previous day’s trade at $2.55 with a market capitalization of $1.05B and a circulating supply of 427,388,610 CELO
  • The price in the early trading hours jumped into action that may be continued to reach the pivotal levels slightly above $5
  • The uptrend is all set to continue through until the Q1 close and ignite a decent uptrend further 

Celo Price Analysis: How High Will CELO Crypto Price Go in March 2022?

The Celo price maintained a notable bullish trend since the beginning of the month which went on to ignite a strong uptrend. Currently, after a 50% upswing, the asset is facing a minor pullback mainly due to buyers’ exhaustion. Therefore after a small consolidation, the asset is expected to rebound firmly as the sellers remain apart. 

The end of Q1 2022 appears to be a significant bullish one as the assets are positively responding for any correction quickly. Therefore, the CELO price despite pullbacks may continue with the upswing and hit a minimum level of $5 to end the monthly trade. However, an extended rally may also uplift the price close to $6. 

Celo Price Prediction: Will CELO Price Hit $5 in 2022?

The crypto-space ever since the beginning of 2022 appeared to be pretty much uncertain and CELO is not an exception. The price trend included a couple of consolidations but with the price moving towards the south. Yet the Q1 close is expected to be bullish with the price hovering in between $5 to $5.6. The upcoming quarter is also expected to continue with an ascending trend including consolidations and corrections

Therefore, eventually, the price may test the upper resistance close to $7.5 and continue with the uptrend further. However, during the second half of 2022, one can expect the asset to test the ATH and also continue discovering new highs. The CELO price may end the 2022 trade around $10 to $12 and if bears get into action, it may be restricted below $8. 

Additional Read: What is CELO?

Celo Price Analysis: CELO Price Table (Last 07 Days) 

Date All-Time High All-Time Low Market Capitalization
16 March 2022 $2.57 $2.39 $1.05B
15 March 2022 $2.50 $2.36 $1.03B
14 March 2022 $2.52 $2.41 $1.04B
13 March 2022 $2.66 $2.50 $1.12B
12 March 2022 $2.64 $2.53 $1.09B
11 March 2022 $2.72 $2.53 $1.10B
10 March 2022 $2.94 $2.64 $1.15B

Celo Price Prediction: CELO Price Trend Comparison with NEAR  (Last 30 Days)

Source: Tradingview

The CELO/USDT pair right from the beginning maintained a huge uptrend displaying huge strength. However, while the prices fell the USDT pair shook to a large extent whereas the BTC pair maintained its stability. However, the rebound was also very quick and strong. 

Both the BTC and USDT pairs are showcasing huge bullish momentum at the press time with a gigantic spike since the early trading hours. While the BTC pair is below the average values by just 2.15%, the USDT pair has surged above by 13.02%. The trend may continue ahead and the BTC pair may also show huge strength ahead. 

Correlation of CELO/USDT and CELO/BTC (Last 30 Days)

Source: Tradingview

The CELO/USDT pair right from the beginning maintained a huge uptrend displaying huge strength. However, while the prices fell the USDT pair shook to a large extent whereas the BTC pair maintained its stability. However, the rebound was also very quick and strong. 

Both the BTC and USDT pairs are showcasing huge bullish momentum at the press time with a gigantic spike since the early trading hours. While the BTC pair is below the average values by just 2.15%, the USDT pair has surged above by 13.02%. The trend may continue ahead and the BTC pair may also show huge strength ahead. 

Additional Read: Top Crypto News Today, 17 March 2022.

Celo Price Prediction 2022: Latest CELO coin News in February-March 2022

Celo Foundation Proposes to Deploy Uniswap V3 on its Blockchain

With the proposal, the Celo foundation intends to promote environmentally friendly use-cases and re-balance its treasury with the assets-backed tokens along with Uniswap. 

Source: Uniswap Governance

Celo Launches Stablecoin Tied to Brazilian Real 

The platform launched cREAL, a stablecoin pegged to Brazil’s native currency, the real. 

Source: Medium

Where & How to Buy Celo (CELO) coin

Investing in any of the crypto-assets including Celo(CELO) is very simple, here on CoinDCX. One can avail of multiple benefits with lucrative features, all at very attractive prices. All you need to do is just download the CoinDCX App on your smartphone and enter the required details. The platform verifies the details, which usually take only a few moments. Once done just fund your wallet and start with your trade!


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

Share this Story

Check Also

Terra Price Prediction July, August & September: Will LUNA Price Form New Highs in Q3 2022?

Terra(LUNA) price has gained significant bullish momentum and may surge high aiming to regain the levels around the previous highs very soon

GET ALL LATEST UPDATES ON YOUR EMAIL