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Celo Price Prediction for Today, November 22nd: Celo is approaching the $0.60 level

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Celo price forecast reveals CELO change at $0.528 as the technical indicator RSI (14) is facing upwards.

CELO Prediction Statistics Data:

  • CELO price now – $0.528
  • Celo’s market capitalization is $246 million
  • CELO circulating supply – 473.3 billion
  • Total supply Celo – 1 billion
  • CELO Coinmarketcap Ranking – #103

CELO/USD market

Key levels:

Resistance levels: $0.700, $0.750, $0.800

Support levels: $0.300, $0.250, $0.200

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CELO / USD It is trading around $0.528, and once it can clear the $0.500 resistance, the next target is at $0.600 where it could head towards the upper boundary of the channel. However, a push from the current market cap could send the price straight to the $0.650 resistance, but if the current level fails to hold, Celo (CELO) could slide below the $0.450 support.

Celo Price Prediction: Is Celo Ready for an Uptrend?

Looking at the daily chart, the Silo bulls Entering the market, if buyers make more effort and push the coin above the 21-day moving average, CELO/USD could reach the resistance levels at $0.700, $0.750, and $0.800, respectively. In addition, any upward movement above these key resistance levels may encourage further buying.

Moreover, any bearish move below the lower border of the channel might drop towards the critical support levels at $0.300, $0.250, and $0.200. Meanwhile, looking at the technical indicator’s RSI (14), CELO may show trends to follow the upside as the signal line moves to cross above level 50, indicating an upward movement.

Against Bitcoin, CELO price is hovering above the 9-day and 21-day moving average to reach the nearest resistance at 3300 SAT. Therefore, unless this resistance is effectively held and the price ends up closing above it, there may not be any reason to expect a long-term bullish reversal.

CELOBTC – daily chart

However, any bearish move below the moving averages could revive lows below 3200 SAT as a potential bearish continuation would likely meet key support at 2200 SAT and below. From above, buyers may push the coin above the upper boundary of the channel to reach potential resistance at 4000 SAT and above. More so, the technical indicator’s RSI (14) is likely to cross above the 60 level, indicating more bullish signs.

Meanwhile, with the aforementioned upward movement, the pre-sale of the IMPT token is still holding, with nearly $13.5 million generated so far. In addition, the IMPT team announced a promotion of $100,000 USD. This is not something you might want to miss out on.

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In addition, the pre-sale of D2T tokens is still very strong, and a new platform like Dash 2 Trade would raise a red flag for an FTX disaster. This is an innovative package of tools: analytics, metrics, signals, auto-trading and analysis tools. Currently, the D2T pre-show has raised nearly $7 million.

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Blockchain

Binance US cancels trading fees on Ethereum

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Binance US announced that it has extended its “no-fee pricing model” to Ether (ETH) is effective immediately.

According to the announcement, users can now freely trade Four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD.

Effective immediately, the American exchange has also eliminated gas fees on all Ethereum transactions made through the “buy and sell” feature on their website.

in June, Binance US followed suit Robinhood, which pioneered commission-free cryptocurrency trading in 2018, is powered by remove all bitcoin (BTC) Spot market trading fees for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.

Binance US operates as an independent entity in the United States but still bears the same name and logo as global cryptocurrency exchange Binance. As the name suggests, the US-based Binance exchange primarily caters to US cryptocurrency traders.

According to Binance US President and CEO Brian Schroder, the removal of fees on both BTC and ETH cements the company’s position as “the low-fee leader in crypto.” He added that “now, more than ever, it is critical that platforms work with users’ interests first”.

Related: Why the fight for low or no transaction fees is really important

Exchanges play an important role in cryptocurrency adoption. Facilitating fee-free transfers encourages users to engage more with digital assets. If it were costly to send money from one point to another, millions of potential users would avoid or limit their use of the technology.

Exchanges that avoid charging fees can still earn from fee-free transactions through spreads. In trading, spread is known as the difference between the bid (sell) price and the ask (buy) price of a trading pair.