Celo is Predicted to Drop to $0.579931 By Dec 15, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Celo is up 5.69% today against the US Dollar
  • CELO/BTC increased by 6.26% today
  • CELO/ETH increased by 7.21% today
  • Celo is currently trading 8.71% above our prediction on Dec 15, 2022
  • Celo gained 41.47% in the last month and is down -83.53% since 1 year ago
Celo price $ 0.630451
Celo prediction $ 0.579931 (-8.01%)
Sentiment Neutral
Fear & Greed index 27 (Fear)
Key support levels $ 0.593491, $ 0.584713, $ 0.579836
Key resistance levels $ 0.607147, $ 0.612023, $ 0.620802

CELO price is expected to drop by -8.01% in the next 5 days according to our Celo price prediction

is trading at $ 0.630451 after gaining 5.69% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.85% in the same time period. CELO performed well against BTC today and recorded a 6.26% gain against the world’s largest cryptocurrency.

According to our Celo price prediction, CELO is expected to reach a price of $ 0.579931 by Dec 15, 2022. This would represent a -8.01% price decrease for CELO in the next 5 days.

CELO Price Prediction Chart

Buy/Sell Celo

What has been going on with Celo in the last 30 days

Celo has been displaying a positive trend recently, as the coin gained 41.47% in the last 30-days. The medium-term trend for Celo has been bearish, with CELO dropping by -29.73% in the last 3 months. The long-term picture for Celo has been negative, as CELO is currently displaying a -83.53% 1-year price change. On this day last year, CELO was trading at $ 3.83.

Celo reached its all-time high price on Aug 30, 2021, when the price of CELO peaked at $ 9.79. The current CELO cycle high is $ 0.797792, while the cycle low is at $ 0.400911. CELO has been displaying high volatility recently – the 1-month volatility of the coin is at 15.07. Celo recorded 15 green days in the last 30 days.

Celo technical analysis for today – Dec 10, 2022

The sentiment in the Celo markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.593491, $ 0.584713 and $ 0.579836, while $ 0.607147, $ 0.612023 and $ 0.620802 are the key resistance levels.

Neutral sentiment for Celo

15 indicators are currently signaling a bullish prediction for Celo, while 13 indicators are showing a bearish forecast. With 54% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Celo.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 27 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Celo moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Celo is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 0.598408 (BUY) $ 0.602270 (BUY)
MA5 $ 0.615672 (BUY) $ 0.605412 (BUY)
MA10 $ 0.615525 (BUY) $ 0.609665 (BUY)
MA21 $ 0.570289 (BUY) $ 0.591818 (BUY) $ 0.783990 (SELL) $ 0.815098 (SELL)
MA50 $ 0.603927 (BUY) $ 0.611491 (BUY) $ 1.79 (SELL) $ 1.63 (SELL)
MA100 $ 0.698718 (SELL) $ 0.715122 (SELL) $ 3.03 (SELL) $ 2.36 (SELL)
MA200 $ 0.856869 (SELL) $ 1.09 (SELL)
Period Value Action
RSI (14) 50.25 NEUTRAL
Stoch RSI (14) 19.88 BUY
Stochastic Fast (14) 41.79 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 31.75 SELL
Awesome Oscillator (5, 34) 0.08 NEUTRAL
Momentum (10) -0.01 NEUTRAL
MACD (12, 26) 0.01 NEUTRAL
Williams Percent Range (14) -58.21 NEUTRAL
Ultimate Oscillator (7, 14, 28) 49.24 NEUTRAL
VWMA (10) 0.63 SELL
Hull Moving Average (9) 0.67 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 0.58 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Celo is at 50.25, suggesting that CELO is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Celo over the last 50 days. Currently, Celo is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CELO closing price for the last 200 days. CELO is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Celo prediction

After considering the above factors, we can conclude that the current forecast for Celo price prediction is Neutral. CELO would have to decrease by -8.01% to hit our $ 0.579931 target within the next five days. Moving forward, it will be important to monitor the CELO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Celo price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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