- CELO is in a constricted accumulation zone of $0.250- 0.350, which indicates buyers are absorbing supply and are as well waiting to breakout.
- Several resistance levels are present at $0.5667, $1.0299, $1.7865, $3.7697 and 6.8509 indicating a gradual movement towards price growth.
- Short-term projections indicate CELO could reach $3, while a full breakout could target $6.178, aligning with 20× potential from current price.
CELO has been trading in a tight accumulation zone between $0.25 and $0.35 after a prolonged downtrend. Market structure indicates that a macro reversal could take shape if this accumulation phase holds.
Accumulation Phase and Market Structure
Crypto analyst CryptoPatel highlighted CELO’s ongoing consolidation, noting the coin’s price has remained within $0.25–$0.35. The sideways action reflects buyers quietly absorbing supply.
The price compression forms a declining wedge pattern, with long red diagonals channeling CELO into a narrowing range. Such a structure often precedes a measured reversal when broken.
Volume analysis shows steady buying activity during rebounds. This consistent interest suggests that accumulation is deliberate, supporting the likelihood of a breakout rather than a temporary spike.
Resistance Levels and Potential Price Trajectory
CELO has several levels of resistance that may work as important benchmarks: 0.5667, 1.0299, 1.7865, 3.7697, and 6.8509. Traders will likely monitor these as potential targets during upward movement.
A staged breakout is expected, beginning with reclaiming near-term resistance, followed by retests to confirm support. Once established, price could accelerate toward higher resistance bands, leading to an expansion or parabolic leg.
Short-term projections point to $3 as a realistic target, representing a 9.71× gain from the current $0.3089 price. For a true 20× return, CELO would need to reach approximately $6.178, with R5 at $6.8509 as an extended target.
Catalysts and Key Risks
Potential catalysts include a full altseason, upward momentum in Bitcoin, or network developments such as partnerships and improved on-chain metrics. Higher breakout volume can also support rapid price movement.
Risks remain if macro conditions weaken or if significant sell pressure emerges from holders. Failure to turn the declining trendline into support may keep CELO rangebound.
As CryptoPatel notes, CELO’s path follows a “bullish accumulation → breakout → expansion → parabolic leg” scenario. Price moving below $0.25 would invalidate this accumulation structure, serving as a critical level for risk management.
