CELO Up 3.08% as Bullish Breakout Near $0.3080 Gains Momentum

CELO is showing a clear bullish structure following a reaction to a 1D Fair Value Gap (FVG) zone, with key liquidity targets emerging above the current price level. The asset has begun reclaiming key levels after a sweep of sell-side liquidity, suggesting institutional interest and a favorable risk/reward setup for longs. A breakout above $0.3080 could drive momentum toward $0.3393, $0.3724, and eventually $0.4040, as identified by analyst @CryptoPatel[1]. These levels represent liquidity imbalances that may see stop orders triggered, providing the necessary force for upward price expansion.

The market structure has shifted with CELO forming higher lows and reclaiming minor resistance, reinforcing the potential for a sustained rally. The confirmation of a micro-breakout above $0.3080 could serve as a critical catalyst. Technical indicators support the bullish bias, particularly as long as the price remains above the FVG zone. The recent price action reflects a reversal from prior sell-side pressure, creating a favorable setup for bulls.

Volume profile and candle patterns point to strong participation from institutional traders, with CELO currently trading at $0.3041, up 3.08% in the last 24 hours[2]. This suggests that the upward trend has considerable support, especially as liquidity at lower levels has been absorbed, clearing the way for further appreciation.

Meanwhile, CELO Dollar (CUSD) continues to maintain its peg near $0.9993, showing only minor movement over the past 24 hours. This stability in the stablecoin helps reinforce the broader ecosystem’s reliability, particularly as the CELO network experiences increased on-chain activity.

The bullish momentum is supported by clear liquidity pockets that align with key resistance levels, offering a structured path for price discovery. Analysts note that the current setup reflects a favorable environment for a continuation of the uptrend, assuming institutional demand remains strong and market makers continue to target existing orders for efficiency. As the price continues to test these levels, the next key observation will be whether it can sustain above $0.3080 without retracing back into the FVG zone.

Source:

[1] @CryptoPatel via X

[2] coingecko

[3] CoinMarketCap

Url: https://coinmarketcap.com/community/articles/689158ac2c11255392fc06a9/