$CELO
## 📊 Market Update: $CELO Technical Analysis
CELO is showing signs of a potential **trend reversal** after a significant downward slide. Here’s the breakdown of the 4-hour chart:
### 🔍 Key Observations:
* **The Bottom is In?** After hitting a recent low of **0.1276**, we are seeing a nice bounce. The price is currently sitting at **0.1355 (+2.81%)**.
* **MA Resistance:** The price is currently fighting to stay above the **MA(7)** (yellow line). However, the **MA(25)** (pink) and **MA(99)** (purple) are still trending downward, acting as overhead resistance.
* **Volume Spike:** Notice the volume increase during the recent dip—this often suggests "buying the blood," where buyers stepped in aggressively at the 0.1270 level.
### 📈 Trading Outlook:
* **Bullish Scenario:** If CELO can flip the **0.1408 (MA25)** into support, we could see a relief rally toward the **0.1600** zone.
* **Bearish Scenario:** Failure to hold the current levels might lead to a retest of the **0.1276** support floor.
> **Note:** The RSI (not pictured but implied by price action) likely shows a recovery from oversold conditions. Keep a close eye on the next few 4h candles! 🚀
