Currently, CELO/USDT is trading at $0.4397, down by -0.11%. The price is below the 200-period moving average of $0.4540, confirming a bearish trend. The VWAP at $0.4396 is very close to the current price, suggesting indecision between buyers and sellers.
The RSI is at 49.73, close to neutral, indicating that the asset is not in overbought or oversold territory but leaning toward a bearish bias due to its proximity to 50. This might suggest further downside risk.
The MACD indicator is slightly positive with the MACD line at 0.0008, just above the signal line at 0.0009. This indicates weak bullish momentum, though the histogram's close proximity to zero implies that the trend may still go in either direction.
Key support levels lie at $0.4200. If the price breaks below this level, it could move lower toward $0.4000 or even $0.3500.
On the upside, resistance is found near $0.4500. A break above this level could shift market sentiment towards neutrality or mild bullishness, with the next key target at $0.4700.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.
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