CELO is showcasing strong signals of bullish movement following a V-shaped recovery. This is evidenced by solid support levels and increased trader interest.
CELO's V-Shaped Recovery
According to Alpha Crypto Signal, CELO has made a clean V-shaped recovery on the daily chart. This recovery began after a sharp reversal from the late June bottom. Price quickly surged through the $0.32–$0.335 resistance zone and flipped it into strong support.
EMA and SMA Crossover Signals
The strength of CELO's growth also lies in the fact that the 9-day EMA has crossed above the 50-day SMA, creating a 'golden cross' on the daily time frame. This indicates bullish momentum in the short-term outlook. Both moving averages are curved upwards, supporting further upward movement.
Target Levels for CELO
At the time of writing, CELO is trading at $0.3829, having increased by 8.91% over the past 24 hours. If the price can hold this reclaimed zone, the next target is between $0.42 and $0.45. This aligns with a significant trendline and psychological resistance.
CELO is flashing clear bullish continuation signals—V-bottom recovery and EMA/SMA crossover. As long as bulls hold $0.335, a push toward $0.45 remains the dominant scenario.
