Celo ($CELO )
CELO — one of the worst tokens of this month, reaching a new low in the last 24 hours. A drop of 9.8% in a day has brought the altcoin down to $0.236. However, it has slightly recovered and at the time of publication is trading at $0.252.
CELO is preparing for the launch of the Isthmus hard fork, which will be activated on the Alfajores testnet this week. This is the final step before the mainnet upgrade, which may spark optimism among investors. The fork is expected to improve the network and functionality of CELO.
If the Isthmus hard fork is successful, CELO will get a chance to recover and aim for resistance at $0.261. Breaking through this level will open the way for growth to $0.282. However, if the token fails to overcome $0.261, the altcoin may return to the minimum of $0.236, nullifying the bullish forecast.
