- Bullish CELO value prediction for 2024 is $0.899 to $1.192.
- Celo (CELO) value may attain $2 quickly.
- Bearish CELO value prediction for 2024 is $0.476.
On this Celo (CELO) value prediction 2024, 2025-2030, we’ll analyze the worth patterns of CELO through the use of correct trader-friendly technical evaluation indicators and predict the longer term motion of the cryptocurrency.
|
TABLE OF CONTENTS |
|
INTRODUCTION |
|
|
CELO (CELO) PRICE PREDICTION 2024 |
|
| CELO (CELO) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Celo (CELO) Present Market Standing
| Present Value | $0.7915 | 24 – Hour Value Change | 7.63% Excessive |
| 24 – Hour Buying and selling Quantity | $90,294,640 |
| Market Cap | $419,004,780 |
| Circulating Provide | 527,877,912 CELO | All – Time Excessive | $10.66 (On Aug 30, 2021) |
| All – Time Low | $0.3732 (On Jun 10, 2023) |
(Supply: CoinMarketCap)
What’s Celo (CELO)
| TICKER | CELO |
| BLOCKCHAIN | Celo |
| CATEGORY | Layer 1 blockchain community |
| LAUNCHED ON | April , 2020 |
| UTILITIES | Governance, tipping system, gasoline charges & rewards |
Celo (CELO) is the native cryptocurrency of the Celo blockchain. Celo is a blockchain protocol that seeks to make use of telephone numbers to offer a worldwide cost system. The protocol goals to proxy public keys utilizing telephone numbers. Its mainnet was launched in April 2020. It’s based mostly on the proof-of-stake (PoS) consensus mechanism.
The blockchain permits the creation of sensible contracts and decentralized purposes (DApps). Customers can participate in community consensus and pay for on-chain transactions utilizing it as a utility token. CELO is used for transaction charges, governance participation, and associated actions.
Celo 24H Technicals
(Supply: TradingView)
Celo (CELO) Value Prediction 2024
Celo (CELO) ranks 152nd on CoinMarketCap by way of its market capitalization. The overview of the Celo value prediction for 2024 is defined under with a day by day time-frame.
CELO/USDT Rounding Backside Sample (Supply: TradingView)
Within the above chart, Celo (CELO) laid out a rounding backside sample. The worth actions type a sample that resembles a bow and therefore is also called the saucer backside sample. Basically, the rounding backside sample signifies a long-term value reversal. This sample additionally emphasizes the modifications available in the market sentiment because the development appears to shift from bearish to bullish. Traders typically have to remain cautious and time the market properly. If the worth breaks and strikes previous the resistance stage, it’ll enter a confirmed bullish trajectory.
On the time of study, the worth of Celo (CELO) was recorded at $0.7915. If the sample development continues, then the worth of CELO may attain the resistance ranges of $0.939, and $2.096. If the development reverses, then the worth of CELO could fall to the assist of $0.599, and $0.406.
Celo (CELO) Resistance and Help Ranges
The chart given under elucidates the doable resistance and assist ranges of Celo (CELO) in 2024.
CELO/USDT Resistance and Help Ranges (Supply: TradingView)
From the above chart, we are able to analyze and determine the next as resistance and assist ranges of Celo (CELO) for 2024.
| Resistance Degree 1 | $0.899 |
| Resistance Degree 2 | $1.192 |
| Help Degree 1 | $0.616 |
| Help Degree 2 | $0.476 |
CELO Resistance & Help Ranges
Celo (CELO) Value Prediction 2024 — RVOL, MA, and RSI
The technical evaluation indicators corresponding to Relative Quantity (RVOL), Shifting Common (MA), and Relative Energy Index (RSI) of Celo (CELO) are proven within the chart under.
CELO/USDT RVOL, MA, RSI (Supply: TradingView)
From the readings on the chart above, we are able to make the next inferences concerning the present Celo (CELO) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Shifting Common (50MA) | Nature of the present development by evaluating the typical value over 50 days | 50 MA = $0.709Price = $0.742 (50MA < Value) |
Bullish/Uptrend |
| Relative Energy Index (RSI) | Magnitude of value change;Analyzing oversold & overbought circumstances | 53.534 <30 = Oversold 50-70 = Impartial>70 = Overbought |
Impartial |
| Relative Quantity (RVOL) | Asset’s buying and selling quantity in relation to its current common volumes | Under cutoff line | Weak quantity |
Celo (CELO) Value Prediction 2024 — ADX, RVI
Within the under chart, we analyze the energy and volatility of Celo (CELO) utilizing the next technical evaluation indicators — Common Directional Index (ADX) and Relative Volatility Index (RVI).
CELO/USDT ADX, RVI (Supply: TradingView)
From the readings on the chart above, we are able to make the next inferences concerning the worth momentum of Celo (CELO).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Common Directional Index (ADX) | Energy of the development momentum | 19.352 | Weak Pattern |
| Relative Volatility Index (RVI) | Volatility over a selected interval | 57.19
<50 = Low |
Excessive volatility |
Comparability of CELO with BTC, ETH
Allow us to now examine the worth actions of Celo (CELO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs CELO Value Comparability (Supply: TradingView)
From the above chart, we are able to interpret that the worth motion of CELO is just like that of BTC and ETH. That’s, when the worth of BTC and ETH will increase or decreases, the worth of CELO additionally will increase or decreases respectively.
Celo (CELO) Value Prediction 2024, 2025 – 2030
With the assistance of the aforementioned technical evaluation indicators and development patterns, allow us to predict the worth of Celo (CELO) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| 12 months | Bullish Value | Bearish Value |
| Celo (CELO) Value Prediction 2025 | $2.8 | $0.4 |
| Celo (CELO) Value Prediction 2026 | $3 | $0.3 |
| Celo (CELO) Value Prediction 2027 | $3.3 | $0.2 |
| Celo (CELO) Value Prediction 2028 | $4.5 | $0.08 |
| Celo (CELO) Value Prediction 2029 | $5.8 | $0.07 |
| Celo (CELO) Value Prediction 2030 | $6 | $0.05 |
Conclusion
If Celo (CELO) establishes itself as a superb funding in 2024, this yr can be favorable to the cryptocurrency. In conclusion, the bullish Celo (CELO) value prediction for 2024 is $1.192. Comparatively, if unfavorable sentiment is triggered, the bearish Celo (CELO) value prediction for 2024 is $0.476.
If the market momentum and traders’ sentiment positively elevates, then Celo (CELO) may hit $2. Moreover, with future upgrades and developments within the Celo ecosystem, CELO may surpass its present all-time excessive (ATH) of $10.66 and mark its new ATH.
FAQ
1. What’s Celo (CELO)?
Celo (CELO) is the native cryptocurrency of the Celo blockchain. It’s a blockchain protocol that seeks to make use of telephone numbers to offer a worldwide cost system. It’s based mostly on the proof-of-stake (PoS) consensus mechanism.
2. The place can you buy Celo (CELO)?
Merchants can commerce Celo (CELO) on the next cryptocurrency exchanges corresponding to Binance, Coinbase (the place it’s listed as CGLD), KuCoin, OKX and different exchanges. Celo will also be bought by way of world onramps, corresponding to MoonPay, Ramp Community, and Simplex/Nuvei.
3. Will Celo (CELO) attain a brand new ATH quickly?
With the continued developments and upgrades inside the Celo platform, Celo (CELO) has a excessive risk of reaching its ATH quickly.
4. What’s the present all-time excessive (ATH) of Celo (CELO)?
Celo (CELO) hit its present all-time excessive (ATH) of $10.66 on August 30, 2021.
5. What’s the lowest value of Celo (CELO)?
Based on CoinMarketCap, CELO hit its all-time low (ATL) of $0.3732 on June 10, 2024.
6. Will Celo (CELO) attain $2?
If Celo (CELO) turns into one of many lively cryptocurrencies that majorly keep a bullish development, it’d rally to hit $2 quickly.
7. What will probably be Celo (CELO) value by 2025?
Celo (CELO) value is anticipated to achieve $2.8 by 2025.
8. What will probably be Celo (CELO) value by 2026?
Celo (CELO) value is anticipated to achieve $3 by 2026.
9. What will probably be Celo (CELO) value by 2027?
Celo (CELO) value is anticipated to achieve $3.3 by 2027.
10. What will probably be Celo (CELO) value by 2028?
Celo (CELO) value is anticipated to achieve $4.5 by 2028.
Prime Crypto Predictions
Bitcoin Money (BCH) Value Prediction
Disclaimer: The opinion expressed on this chart is solely the creator’s. It doesn’t characterize any funding recommendation. TheNewsCrypto staff encourages all to do their very own analysis earlier than investing.
