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MainNewsUSDT Launch ...

USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge


Mar, 12, 2024
< 1 min read
by CoinEdition
USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge
  • CELO surges 41.1% in 24 hours, showing strong investor confidence and bullish momentum.
  • The recent surge could be linked to its joint effort with Tether to introduce USDT on the Celo network.
  • Technical indicators on CELO’s price chart, like EMA and MACD, indicate a continued bullish trend.

In a notable market action, the price of Celo (CELO) has increased by 41.1% in the past 24 hours, showcasing the firm belief of investors and the market enthusiasm. Nonetheless, the latest information indicates that CELO, despite hitting a barrier at the intra-day peak price of $1.84, is still bullish at the current trading price of $1.63.

This remarkable increase follows a period of consolidation where the token found robust support at $1.14, setting the stage for its current upward trajectory. Market analysts now speculate that CELO could surpass the $1.84 resistance level in the near future amidst growing optimism around the token’s prospects.

CELO/USD 24-hour price chart (Source: Coinstats)

This rally has not only pushed CELO’s price upwards but also significantly boosted its market capitalization by 4…

The post USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsUSDT Launch ...

USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge


Mar, 12, 2024
< 1 min read
by CoinEdition
USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge
  • CELO surges 41.1% in 24 hours, showing strong investor confidence and bullish momentum.
  • The recent surge could be linked to its joint effort with Tether to introduce USDT on the Celo network.
  • Technical indicators on CELO’s price chart, like EMA and MACD, indicate a continued bullish trend.

In a notable market action, the price of Celo (CELO) has increased by 41.1% in the past 24 hours, showcasing the firm belief of investors and the market enthusiasm. Nonetheless, the latest information indicates that CELO, despite hitting a barrier at the intra-day peak price of $1.84, is still bullish at the current trading price of $1.63.

This remarkable increase follows a period of consolidation where the token found robust support at $1.14, setting the stage for its current upward trajectory. Market analysts now speculate that CELO could surpass the $1.84 resistance level in the near future amidst growing optimism around the token’s prospects.

CELO/USD 24-hour price chart (Source: Coinstats)

This rally has not only pushed CELO’s price upwards but also significantly boosted its market capitalization by 4…

The post USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Is Bitcoin’s Bull Run Confirmed? Not Until It Clears This $88k Hurdle

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Bitcoin’s current cycle shows strong similarities to the structural resets seen in bo...
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