• Celo price prediction for December 29th is that it may continue to show a bullish movement if the coin could rise above the $0.50 resistance level.
• Celo price is attempting to create a new positive trend above the 9-day and 21-day moving averages, and traders may expect a bullish continuation above the $0.50 resistance level.
• Potential resistance levels for the Celo price are $0.75, $0.85, and $0.95 respectively.
The Celo price prediction for December 29th is that it may continue to show a bullish movement if the coin could rise above the $0.50 resistance level. At the time of writing, the Celo price is standing at $0.47 and its market cap is $227.1 billion. Moreover, the circulating supply of the coin is 478.8 million and its total supply is 1 billion. According to Coinmarketcap, the coin is currently ranked #102.
In order to create a positive trend in the market, the Celo price needs to rise above the 9-day and 21-day moving averages. The Relative Strength Index (14) is showing positive signs of crossing the 40-level which may indicate a bullish continuation in the future. If the Celo price succeeds in reaching the upper boundary of the channel, the potential resistance levels will be $0.75, $0.85, and $0.95 respectively.
Although the Celo price has seen some positive movement in the past few days, the coin still needs to break above the $0.50 resistance level in order to make significant gains. Moreover, if the bearish pressure continues and the coin fails to break above the resistance level, the price may retrace to the lower boundary of the channel and the potential support levels will be $0.30, $0.20, and $0.10.
Overall, the Celo price prediction for December 29th is that it may continue to show a bullish movement if the coin could rise above the $0.50 resistance level. The technical indicators are also showing signs of a possible bullish continuation, so traders should be cautious and keep an eye on the market movements.
