Celo Price Prediction: CELO Soars 5% After Vitalik Buterin Praise, But Experts Say Consider This Latest ICO For 100X Potential

The Celo price surged 5% in the last 24 hours to trade at $0.6732 as of 04:28 a.m. EST on trading volume that skyrocketed 174% to $283 million.

Celo, an Ethereum scaling solution and a global payment infrastructure for cryptocurrencies, surged after co-founder Vitalik Buterin shared his positive thoughts about it on the X platform.

Celo Price Aims For Bullish Trend Continuation

According to data from GeckoTerminal , the Celo price was trading in a consolidation phase, within the $0.50 support zone, right before the remarks. 

With Buterin’s remarks, the price broke through this key horizontal resistance zone around $0.50, which is now acting as support (yellow box). After breaking out, the price has been accelerating upwards, as the chart shows a recent parabolic rise illustrated by the upward-sloping curve.

CELO now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the main bullish outlook.

The Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 78, which shows that Celo could be under intense buying pressure and that the asset may be overvalued at the moment.

Moreover, the continued bullish sentiment is also supported by the Moving Average Convergence Divergence (MACD), which now trades above the neutral line. The blue MACD line also crosses above the neutral line, cementing the generally bullish outlook as it forms a bullish crossover.

CELOUSD Chart Analysis Source: GeckoTerminal.com

Celo Price Prediction

According to the CELO/USD chart analysis of the 4-hour timeframe, Celo’s price is in a bullish rally that the bulls aim to sustain. If the rally continues, the bulls are currently targeting $0.75.

Meanwhile, with the RSI now showing that Celo’s price is overvalued, the bears may use this as selling pressure, which may push the price back to the $0.53 support within the 50-day SMA.

As the Celo bulls aim for a bullish trend continuation, investors are rushing to buy a new meme coin casino project called Memebet Casino (MEMEBET Token) , a platform that will accept meme coins for wagering.

That’s a key reason why the popular YouTube channel Cryptonews, with over 10k subscribers, says that the $MEMEBET token could see a 100x pump after launch.

MEMEBET Token Soars Past $291K As Whales Bet Big

The Memebet Token ($MEMEBET) ICO is heating up, and to celebrate its early success, the project has announced massive airdrop rewards.

Early investors can be among the ten winners who will be airdropped $1,000 worth of $MEMEBET tokens as rewards for participating in the project’s fundraising efforts and joining the fast-growing community.

In just two weeks, the project has successfully raised over $291,000 for its innovative Telegram-based betting platform, which allows users to wager with meme coins for the first time.

Launching soon, Memebet Casino aims to transform the decentralized crypto casino landscape by integrating both the $MEMEBET Token and popular meme coins.

Catering to the “degen” community, Memebet Casino offers high-stakes gameplay, a global sportsbook covering major leagues like the EPL and NBA, and a diverse selection of crypto-native games. 

Players can place bets using renowned meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), making it the ultimate destination for thrill-seekers and meme coin enthusiasts alike.

Buy MEMEBET Token, More Rewards

By acquiring $MEMEBET Token, players unlock a range of benefits, including substantial play-to-earn airdrops, exclusive degen rewards, and VIP perks. 

Betting with $MEMEBET Token further amplifies your rewards through the platform’s play-to-earn system —wager more, and the returns get even bigger. 

If this looks like something you don’t want to miss, join the presale now by buying $MEMEBET Token on the official website for just $0.0254 with USDT, ETH, or a bank card. 

With a price increase coming in about 3 days, don’t wait too long to secure the best deal.

Related News

• Kamala Harris Vows To Keep The US Dominant In Blockchain Technology
• First Neiro On Ethereum Price Prediction: NEIRO Plunges 5% As This Meme Coin Casino Token Closes On $300K
• Worldcoin Price Surges 10% As World ID Gains Wider Adoption, And This PEPE 2.0 ICO Heads For $16 Million