Market Watch:
CELO Surging After Consolidation
Current Price: $0.2953 (Up 4.53% today, 5.32% in 7 days)
Key Observations:
* Strong Uptrend: After a period of consolidation around the $0.26-$0.27 range,
CELO has seen a significant upward move, pushing towards the 24h High of $0.3117.
* Volume Spike: The recent price surge is backed by a noticeable increase in trading volume, especially on the latest green candles, confirming buying interest.
* Bullish Moving Averages: The price is comfortably above its MA(7) at $0.2866, MA(25) at $0.2753, and MA(99) at $0.2668, indicating strong short-term bullish momentum.
* Recent Performance: The asset is up over 13% in 30 days and over 10% in 90 days, showing positive mid-term performance despite longer-term declines.
What's Next?
Watch for whether CELO can sustain this upward momentum and challenge higher resistance levels, or if profit-taking leads to a minor pullback. The increased volume suggests this move has conviction.