📊CELO/USDT Pair Analysis and prediction 🔥

📈 Market Overview:

CELO is trading at $0.8715, with an impressive +12.54% gain in the last 24 hours. The current price is testing the resistance at $0.8788, a critical zone for the continuation of the uptrend.

🔑 Key Technical Indicators:

1. Bollinger Bands (20, 2):

• CELO is near the upper Bollinger Band ($0.8756), signaling that it’s experiencing high volatility. A breakout above this level could push the price higher.

2. RSI (6, 12, 24):

• The RSI (6) is at 82.91, indicating overbought conditions. This could suggest that a minor pullback is possible, though bullish momentum is still strong.

3. MACD:

• The MACD (0.0097) is positive, reflecting continued buying pressure and potential for further upside in the short term.

4. MA (5, 10):

• The moving averages (MA5: 3.6M and MA10: 2.6M) show strong upward trends, confirming the positive momentum.

📊 Prediction:

If CELO manages to break above the $0.8788 resistance, it may target $0.9033 as the next price level. However, the overbought RSI suggests a possible short-term pullback to around $0.8066 before further bullish continuation.

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