CELO/USD Bulls Determined to Break the $0.713 Resistance Level

On November 28 the Celo bull market aimed at catching up with the November 8 resistance level, but the bearish resistance cut short the bullish price thereby creating a slightly lower resistance price level. The bull market finally finds new support at $0.58, and from there, the bullish price charges against the $0.713 level. 

Celo Market Price Statistic:

• CELO/USD price now: $0.69
• CELO/USD market cap: 326,782,113
• CELO/USD circulating supply:478,832,129.00
• CELO/USD total supply: 1000,000,000
• CELO/USD coin market ranking: #88

Key Levels

• Resistance: $0.75, $0.80, $0.85
• Support: $0.60, $0.55, $0.50

Celo Market Price Analysis: The Indicators’ Point of View

After the bullish price was rejected on November 22, the MACD indicator began to show, from the bullish histograms, signs of reduction in momentum. However, in today’s market, the bull market is regaining its momentum. And the bullish price is back at the difficult resistance level.

CELO/USD 4-Hour Chart Outlook

From the Bollinger band indicator and the RSI indicator, the price appears to be in the overbought region. And traders are beginning to take profits. However, if the buyers can maintain a bullish position in today’s session and tomorrow’s session, the bullish price will successfully capture the difficult price level.

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