🚨 CELO/USDT - Bearish Pressure Continues 🚨
Current Price: $0.3012 (₹85.09)
24h Change: -0.76% 📉
📊 Key Stats:
· 24h High: $0.3084
· 24h Low: $0.2977
· 24h Volume (CELO): 5.04M
· 24h Volume (USDT): 1.53M
🔍 Technical Insight:
The SAR indicator is at 0.3070, well above the current price, confirming a bearish trend. Price is trading near the lower end of the daily range, showing sustained selling pressure. Volume (86.3K) is below both the MA(5) and MA(10), indicating low momentum and potential consolidation or further downside.
📉 Market Sentiment:
CELO is facing weakness across multiple timeframes:
· Down -12.94% over 30 days
· Down -16.31% over 180 days
· Down -30.86% over 1 year
The token is struggling to find bullish momentum despite a modest 90-day gain (+7.57%).
🧠 Trading Idea:
With price below SAR and low volume, short-term bounces may be sold into. Key resistance lies near $0.3070–0.3084**. A break below **$0.2977 could open the door to further declines.
Wait for a clear breakout above $0.308 or a reversal signal before considering longs. Risk-off mode advised.
#CELO #BNBBreaksATH #trading #Cryptocurrency #Bearish