Basic information
• Current Price: $1,095
• Market Cap: $607,989,754 (Ranked 196)
• 24h trading volume: $274,233,282
• 24h High: $1,089
• Lowest price 24h: $0.944
• Price change in 24h: +$0.0466 (+4.44%)
• Number of circulation: 556,692,051 CELO
• Total supply: 1,000,000,000 CELO
• All-time high (ATH): $9.82 (-88.89%, on 08/30/2021)
• All Time Low (ATL): $0.362 (+201.39%, on 08/05/2024)
Trend analysis
1. Recent Growth:
• Price is up +4.44% in the last 24 hours, indicating positive sentiment.
• Current price is near 24 hour high.
2. Resistance and support:
• Strong support: $0.944 (lowest price range in 24 hours).
• Nearest resistance: $1.10 (price above current level, close to 24h high).
3. Large trading volume:
• High 24-hour trading volume ($274M), showing strong interest from the market.
Trading strategy
a. If the uptrend continues:
• Entry point (Buy): When price breaks $1.10.
• Take Profit:
• Target 1: $1.20 (up nearly 10% from current price).
• Target 2: $1.30 if market momentum is stronger.
• Stop Loss: Set at $1.05.
b. If the price adjusts to the support zone:
• Entry point (Buy): Between $0.94 - $0.96.
• Take Profit:
• Target 1: $1.05.
• Target 2: $1.10.
• Stop Loss: Set at $0.92.
Technical indicator analysis
1. RSI:
• RSI is near the neutral zone (50-70), indicating that upside potential remains.
2. MACD:
• If the MACD line crosses above the signal line, it can confirm an uptrend.
3. Bollinger Bands:
• If the price breaks above the upper band, this confirms strong bullish momentum.
• If the price is within the middle band, this is a sign of correction.
Summary
• Main strategy: Buy when price breaks $1.10 or when price corrects to support zone $0.94 - $0.96.
• Risk Management: Keep the risk/reward ratio at least 1:2.
• Recommendation: Monitor volume and technical indicators to confirm signals.
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