Celo Price Prediction – Will CELO Price Hit $10 in 2022?

This Celo (CELO) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Celo price analysis and prediction.

Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market either remains stable or surges steadily. At present, it looks like the crypto-asset industry will surge dip again.Celo has lost over 30% of its value in the past 1 year.

Will Celo (CELO) experience the same price volatility? We’ll find out soon in this Celo (CELO) price analysis 2022 article. But first, let’s have a look at what is Celo (CELO)?

What Is Celo (CELO)?

Celo is a blockchain platform that focuses on rising cryptocurrency adoption among smartphone users. Moreover, the platform uses phone numbers as public keys. Celo hopes to introduce the world’s billions of smartphone users. These also include those who are without banking access to transact in digital assets.

In addition, the network also enables the creation of smart contracts and decentralized apps (DApps) as part of DeFi. In April 2020, its mainnet was launched. Moreover, the platform has two native tokens.

Even more, CELO is a proof-of-stake (PoS) token utilized for transaction fees, governance participation, and related activities. In future, the platform focuses on hosting different stablecoins, with one, the Celo Dollar (CUSD), already in use.

Now that we have an idea about Celo, do you think CELO will be profitable crypto in 2022? Join me, and together let us check the charts in this CELO price analysis and CELO price prediction.

CELO Current Market Status

When writing this Celo price analysis, CELO trades at $2.65 with a 24-hour trading volume of $92,675,579. The price of CELO has decreased by 5.5% in the last 24 hours.

Furthermore, CELO has a current circulating supply of 306,819,314.00 CELO. Currently, the top digital asset trading platforms for CELO are Binance, OKEx, Upbit, Mandala Exchange, Huobi Global, Upbit, Gate.io, and Bitget.

Now, let’s move to the next part of this CELO price analysis for 2022.

CELO Price Analysis 2022

Recently, CELO took the 85th position on CoinMarketCap. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this CELO price prediction article.

From the 1day chart of CELO/USDT above, we can observe that the blue trend called the jaw is above, which signifies that the present trend of Celo will be a dip.

Since the relative strength index determines how weak, strong, overbought or oversold a trend is depending on its value. For Celo from the chart above, it is weak since the value of RSI is 46.65 since it lies between 30 and 50. More buyer’s pressures and user sentiments can change the value of Celo (CELO).

From the chart above, the price of Celo might rise above the present value in the long-term since the 200-MA is above the 100-MA.

CELO Price Prediction

The chart below shows that CELO has performed great over the past 7 days since it has increased by 12%. Moreover, the CELO price shows a recent bullish trend. If this trend continues, CELO might run along with the bulls, overtaking its $2.935 resistance1 level and move even higher to $7.727 at resistance3 level, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and push CELO from its uptrend position. In simpler terms, the price of CELO might decrease to almost $1.569, a bearish signal.

Meanwhile, our long-term CELO price prediction 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

CELO Price Prediction 2022

If this bullish trend continues, CELO will reach $7.727 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $5.421. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

CELO Price Prediction 2023

If CELO holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $20, making it not plummet but play consistently.

CELO Price Prediction 2024

As per the latest upgrades, developments, CELO price prediction, and new project forecasts of the platform, CELO investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of CELO in the crypto market, and it will be the best investment as the price can spike and reach around $50.

CELO Price Prediction 2025

In the next four years, CELO prices could rise up to $75. However, reaching this level could not be so difficult for CELO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CELO has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

CELO Price Prediction 2026

As per the latest upgrades, developments, CELO price prediction, and new project forecasts of the platform, CELO investors could expect many partnerships and integrations around 2026. Moreover, this might boost the price of CELO in the crypto market, and it will be the best investment as the price can spike and reach around $150.

Conclusion

CELO seems to have a great future ahead in 2022. With the ongoing developments happening within the CELO seems to have a great future ahead in 2022. With the ongoing developments happening within the CELO ecosystem and the overall crypto market, we may see CELO reach new heights.

Meanwhile, our long-term CELO price prediction 2022 is bullish. Even more, the bullish CELO has a high possibility of reaching $7.727. However, that will only happen if it breaks the past psychological resistance. It may even reach $10 if investors continue to side with CELO this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.