$CELO BULLISH NEWS ON CELO: read the whole thing.
Guys keep an eye on celo.
Why? Well after the recent bearish movement. Celo has been able to hold above 0.3, which is a relatively strong support. If price stays above it then we will Inshaallah see another bull spike.
Also RSI indicates a reversal might be in the making. But suspect that it will show sideways movement for sometime.
ALSO the bullish news is that Binance is fully supporting CELO's growth and new upgrade. And as you can see from the 3rd picture, Binance just announced CELO Flexible Product with a whooping 35.78% APR. What does it mean and how it can affect:
In short term:
Increased Demand: Offering up to ~35.8% APR attracts yield‑seeking capital, so traders will buy CELO to lock into the product, reducing free float and propping up the price.
Supply Drain: As more tokens get staked or “parked” in the flexible product, circulating supply on spot markets shrinks, which tends to drive spot prices higher—especially if demand stays steady or rises.
Sentiment Boost: A lucrative, exchange‑backed savings option signals confidence in the asset, often drawing in both retail and institutional investors.
Caveats: Because it’s “flexible,” stakers can withdraw at any time—so if APRs get cut or broader market sentiment turns bearish, you could see a rush to sell and exit, putting downward pressure on price.
Bottom Line: Expect a modest bullish lift in CELO’s price as long as the 35.78% APR remains in place and uptake continues—but watch for potential pullbacks if yields are reduced or broader crypto markets weaken.
