CELO verifies the bullish structure after testing the $0.335 support zone three (3) times with a strong V-shaped reversal with volume confirmation.
The 9EMA has also crossed the 50SMA forming a golden cross, reflecting a change in momentum and supporting potential trend continuation.
The price consolidation above key support levels and the rising moving averages indicates the next target zone of $0.42 to $0.45.
Celo (CELO) is showing strong bullish continuation signs following a textbook V-shaped recovery. After reclaiming a key support zone, the altcoin is consolidating above it with rising momentum. Bulls now eye the $0.42–$0.45 resistance zone.
Textbook V-Shaped Recovery Ignites Momentum
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.
https://twitter.com/alphacryptosign/status/1946616669390209488
This horizontal support zone is now acting as a solid base. The fact that price is holding above it shows strength. Besides, volume increased significantly during the reversal. That surge in demand reflects genuine bullish interest and growing trader confidence.
Additionally, price has started consolidating just above the reclaimed zone. This is a bullish sign suggesting that bulls remain in control of the structure.
EMA and SMA Crossover Confirms Bullish Shift
In addition, the 9-day EMA has crossed above the 50-day SMA and created a golden cross on the daily time frame. This crossing is an indication of bullish momentum in the short-term with the overall trend.
The two moving averages are both curved upwards. Hence, the structure supports a continuation toward higher levels. As long as CELO remains above $0.335, the technical outlook remains solid.
Consequently, this area becomes a critical pivot zone. Bulls must defend it to maintain the upward bias and keep short-term targets alive.
$0.42–$0.45 Is the Next Bullish Target
At the time of writing, CELO is trading at $0.3829, with prices having increased 8.91% for the past 24 hours and 16.86% for the week. If the price can hold this reclaimed zone, the next upside target is between $0.42 and $0.45.
This target aligns with a significant trendline and level of psychological resistance and, most importantly, is the upper limit of the current bullish run.
However, a failure to hold above $0.335 could trigger a retest of the 50 SMA around $0.30. That level may attract dip buyers looking for long entries.
Conclusion
CELO is flashing clear bullish continuation signals—V-bottom recovery, EMA/SMA crossover, and reclaimed support. As long as bulls hold $0.335, a push toward $0.45 remains the dominant scenario.
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