Is Celo (CELO) trending down or up on Friday?

Celo receives an average long-term technical score of 43 InvestorsObserver Analysis. Our proprietary grading system considers trading patterns over the last few months to a year, analyzing the coin’s consistency and volatility and where it compares to long-term averages to determine if it’s a strong buy-and-hold investment opportunity acts. Currently, CELO holds a superior long-term technical analysis value than 43% of cryptocurrencies. Long-term investors employing a buy-and-hold strategy will find long-term rank particularly relevant to their asset allocation, and may find additional value in finding cryptos with a high short-term technical score to discover coins that do the have bottomed out.

Long term technical - 43
InvestorsObserver gives Celo a long-term technical rank of 43. Find out what that means for you and get the rest of the leaderboard on Celo!

Trade Analysis

Celo’s price is -$0.34000000 (-42.94%) below its 100-day moving average price of $0.7800000000 as the price currently stands at $0.4500000000. Additionally, CELO is up $0.0400000 (-2610.24%) from its 52-week low of $0.4000000000, while -$5.77000000 (-153.55%) below its 52-week high of $6.22 billion lies. The current trading price relative to its long-term average along with its 52-week high and low gives CELO an average long-term technical score of 43. Celo’s long-term trading movement suggests that investors are bearish on the coin at the moment. Celo currently has a total market cap of $211,859,472.66, which is the currency’s average daily volume of $49,406,545.21 over the past seven days. CELO’s volume is 6,893,430.59 traded during this period, below its 7-day moving average over the last 24 hours. This coin’s subclass Payments/Other: A coin used as payment for goods and services or as a middleman platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins tend to be more specialized than the Digital Money coins, which attempt to replicate all of the features of cash.

summary

Historical trading of CELO over the past year gives an average long-term technical score of 43, as price action over this period has given investors reason to be bearish on the coin over the long term. For the full Celo (CELO) report, click here.

Stay up to date

Subscribe to our daily morning update newsletter and don’t miss any major market news, moves and more.

Thanks for signing up! You are ready to receive the Morning Update newsletter

Source

Leave a Reply

Your email address will not be published. Required fields are marked *