Market Overview for Celo (CELOUSDT) on 2025-08-11

• Celo (CELOUSDT) declined 18.2% in 24 hours, closing near a new 30-day low at $0.3496.
• Heavy selling pressure emerged after 13:30 ET, with a 12% drop in 1.5 hours to $0.3424.
• The 20-period 15-min MA and 50-period daily MA both turned bearish, confirming downward momentum.
• RSI hit 24 by 12:00 ET, indicating oversold conditions; no immediate reversal confirmed.
• Volume surged during the selloff but failed to trigger a rebound, suggesting bearish conviction.

Celo (CELOUSDT) opened at $0.3644 on 2025-08-10 at 12:00 ET, reached a high of $0.3702, fell to a low of $0.3458, and closed at $0.3496 on 2025-08-11 at 12:00 ET. Total volume was 8,669,279.8 CELO, with a notional turnover of $2.98M over the 24-hour period.

Structure & Formations

Celo formed a bearish continuation pattern after a large bearish engulfing candle at 13:30 ET, which marked the start of a sharp decline. A key support level appears to be forming near $0.3496, with a previous low from earlier in the year at $0.345. Traders may watch this level for a potential bounce or breakdown. The intraday 15-minute chart shows a bearish flag forming after the 13:30 ET breakdown, suggesting the trend could continue lower if the support fails.

Moving Averages

The 20-period 15-minute MA turned bearish during the sell-off, closing below the price. The 50-period daily MA, while still in a sideways consolidation phase, has begun to slope downward, confirming a short-to-medium-term bearish bias. If the 50-day MA crosses below the 200-day MA, it could trigger a broader market re-rating for Celo.

MACD & RSI

The 12-26 MACD on the 15-minute chart turned negative by midday, with bearish divergence visible in the histogram. RSI has plunged to 24 by 12:00 ET, indicating oversold conditions, but no strong reversal candlestick formations have confirmed a bounce. Momentum remains firmly bearish, and a move below $0.345 could push RSI further into oversold territory.

Bollinger Bands

Celo’s price has collapsed through the lower Bollinger Band since 13:30 ET, confirming a sharp volatility expansion. Prices have been trading near the lower band for most of the afternoon, indicating strong bearish pressure. A rebound may test the middle band at $0.357–$0.358, but a sustained break below the lower band would suggest further weakness.

Volume & Turnover

Volume spiked during the sell-off phase, particularly at 13:30 ET with a $0.345 drop on 837,576.9 CELO traded. Notional turnover surged with this move, confirming strong bearish conviction. However, no significant volume spikes followed a potential bounce, suggesting buyers remain hesitant. A divergence between price and volume has not yet appeared, but one could emerge if a rebound fails to gain traction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from $0.3644 to $0.3424, the 23.6% level is at $0.3545, the 38.2% at $0.3566, and the 61.8% at $0.3593. These levels may provide temporary resistance if Celo finds a short-term floor. However, a sustained close below the 23.6% retracement would indicate a deeper correction is in progress.

Celo may face further downward pressure in the next 24 hours if bearish momentum continues. Traders should closely watch the $0.345–$0.3496 level for any signs of support. A break below this range could trigger a broader sell-off, but a rebound above $0.358 may indicate a temporary pause in the bearish trend. As always, be prepared for volatility and sudden reversals in low-cap altcoins.