CELO Latest Updates: Technical Signals: Oversold conditions suggest a potential rebound, although MACD and EMA indicate a short-term bearish trend. Fundamental Developments: Token economics and the accumulation of smart money indicate its long-term value. Notable is the Oversold Signal: Technical analysis shows a 6-period RSI of 24.74, and the price is below the lower Bollinger Band, indicating potential oversold conditions and a possible reversal. However, caution is warranted regarding Bearish Momentum: The MACD line has crossed below its signal line, resulting in a negative MACD histogram, which indicates an increase in bearish momentum in the short term.

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$CELO Tracking Share of Major Players / Institutions

Recently, based on data from the aice100 platform, I compiled some statistics and simplified the current market structure and sentiment direction for your reference:

📌 Direction: Bearish

📌 Suggestion: Wait and see or cautiously short

📌 Risk Control: High Risk

Below is my personal logical breakdown, which may not be entirely accurate, and is shared for discussion purposes:

1. **Whale Camp Extremely Biased Towards Bearish**: The number of bearish whales (146) is 2.35 times that of bullish whales (62), and the value of bearish whale positions (4.13M) is 3.65 times that of bullish (1.13M). This indicates that smart money (institutions/large holders) is building positions on CELO...

These are some of my personal views on the current $CELO , and additional input is welcome.

#CELO