š Fundamental Information
ā¢ Current price: $0.625
ā¢ Market capitalization: $344 million USD
ā¢ 24h trading volume: $55.1 million USD
ā¢ ATH (all-time high): $9.82 (August 2021)
ā¢ ATL (all-time low): $0.362 (August 2024)
ā¢ Percentage drop from peak: 93.6%
š Market Trend and Structure
ā¢ Short-term trend: CELO has decreased approximately 3.7% in the past 24 hours and is currently trading near the support level of $0.62. This could be a sign of strong selling pressure, and further factors should be considered to confirm the trend.
ā¢ Long-term trend: CELO has decreased significantly from its ATH, approximately 93.6%, indicating that the long-term downtrend remains dominant. However, the price is currently near historical lows, which could be a foundation for accumulation and recovery if selling pressure eases.
š Main Technical Indicators
ā¢ SMA & EMA: CELO is currently trading below long-term moving averages, indicating a continued downtrend. A breakout above these lines would be a positive signal.
ā¢ RSI (Relative Strength Index): The RSI of CELO is at a low average, indicating that CELO may be approaching oversold territory. If the RSI drops further below 30, buying support may emerge.
ā¢ MACD: The MACD indicator has not yet shown signs of a positive crossover, so the potential for short-term growth remains weak. A rising MACD signal would be a plus for recovery.
š° Volume and Market Sentiment Analysis
ā¢ Trading volume: A slight increase in trading volume indicates that investor interest is showing signs of returning. To confirm the upward trend, volume needs to increase simultaneously with price as it approaches resistance levels.
ā¢ Market sentiment: Market sentiment remains cautious, especially as CELO approaches its historical lows. This caution may weaken buying pressure and stronger signals are needed to boost positive sentiment.
šÆļø Candle and Price Pattern Analysis
ā¢ Candle patterns: Recent bearish candles indicate that selling pressure remains dominant. If bullish reversal candle patterns like 'bullish engulfing' or 'hammer' appear, it would be a good signal for short-term recovery.
ā¢ Support and Resistance: The current important support level is $0.62, while the main resistance is at $0.70. If CELO surpasses $0.70 with high volume, it may pave the way for short-term growth.
š Conclusion and Scoring
Criteria Score
Market Trend 5
Trading Volume 6
Momentum Strength 5
Resistance and Support 6
Candle Analysis 5
Market Sentiment 5
Main Technical Indicator 5
Total Score 37/70
Overall Assessment
ā¢ Total Score: 37/70
ā¢ Rating: 52.9% - Cautious
Celo is still in a downtrend with unclear recovery signals. Investors should closely monitor support levels and wait for stronger signals to determine entry points, especially if the price surpasses $0.70 with growing volume.
