Celo Price Prediction 2022 — Will CELO Hit $10 Soon?
- Bullish CELO price prediction is $4.348 to $8.282.
- The CELO price will also reach $10 soon.
- CELO’s bearish market price prediction for 2022 is $1.953.
In Celo’s (CELO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CELO to analyze the future movement of the cryptocurrency.
Celo Current Market Status
According to CoinGecko, the price of CELO is $2.98 with a 24-hour trading volume of $54,720,480 at the time of writing. However, CELO has decreased by nearly 14.5% in the last 24 hours.
Moreover, CELO has a circulating supply of 387,11,233 CELO. Currently, CELO trades in cryptocurrency exchanges such as Binance, OKX, FTX, Huobi Global, and Bitget.
What is Celo (CELO)?.
Celo (CELO) Price Prediction 2022
Celo holds the 79th position on CoinGecko right now. CELO price prediction 2022 is explained below with a daily time frame.
A broadening wedge pattern is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows. Broadening formations indi8cate increasing price volatility. Swing traders can capitalize on the oscillations contained within a broadening formation.
Currently, CELO is in the range of $2.98. If the pattern continues, the price of CELO might reach the resistance level of $5.162. If the trend reverses, then the price of CELO may fall to $2.899.
Celo (CELO) Support and Resistance Level
The below chart shows the support and resistance level of CELO.
From the above daily time frame, it is clear the following are the resistance and support levels of CELO.
| Resistance Level 1 | $4.348 |
| Resistance Level 2 | $5.383 |
| Resistance Level 3 | $6.690 |
| Resistance Level 4 | $8.282 |
| Support Level 1 | $3.096 |
| Support Level 2 | $1.953 |
The charts show that CELO has performed a bullish trend over the past month. If this trend continues, CELO might run along with the bulls overtaking its resistance level at $8.282.
Accordingly, if the investors turn against the crypto, the price of the CELO might plummet to almost 1.953, a bearish signal.
Celo Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of CELO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of CELO lies below the cutoff line, indicating weaker participants in the current trend.
More so, the CELO’s Moving Average (MA) is shown in the chart above. Currently, CELO is in a bearish state. Notably, the CELO price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CELO at any time.
Meanwhile, the relative strength index (RSI) of the CELO is at level 25.50. This means that CELO is in an oversold state. However, this means a major price reversal of CELO may occur in the upcoming days. So, traders need to trade carefully.
Celo Price Prediction 2022 — ADX, RVI
Let us now look at Celo Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Celo. Currently, CELO lies in the range of 21.946, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of CELO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CELO lies below the 50 levels, indicating that the direction of volatility is low. In fact, CELO’s RSI is at a 25.50 level thus confirming a potential sell signal.
Comparison of CELO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Celo.
From the above chart, we can identify the trend of the ETH, BTC, and CELO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CELO also increases or decreases respectively.
Conclusion
With continuous improvements in the Celo network, we can say that 2022 is a good year for CELO. For this reason, the bullish price prediction of Celo in 2022 is $8.282. On the other hand, the bearish CELO price prediction for 2022 is $1.953.
Furthermore, with the advancements and upgrades on the CELO ecosystem, the performance of CELO would help to reach above its current all-time high (ATH) $9.82 very soon. But, it might also reach $10 if the investors believe that CELO is a good investment in 2022.
FAQ
Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users.
CELO has listed on many crypto exchanges which include Binance, OKX, FTX, Huobi Global, and Bitget.
With the ongoing developments and upgrades within the CELO platform, it has a high possibility of reaching its ATH soon.
On August 30, 2021, CELO reached its new all-time high (ATH) of $9.82.
Celo (CELO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CELO in the past few months, CELO is considered a good investment in 2022.
Celo (CELO) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Celo (CELO) will hit $10 soon.
Celo (CELO) price is expected to reach $11.7 by 2023.
Celo (CELO) price is expected to reach $13 by 2024.
Celo (CELO) price is expected to reach $13.9 by 2025.
Celo (CELO) price is expected to reach $15 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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