CELO/USDT Could CELO breakout the daily resistance area ??
💎 CELO has notably captured the market's attention, particularly as it confronts a significant daily resistance area. Historically, this resistance has proven to be a formidable barrier for CELO, typically resulting in hard rejections upon each attempt to surpass it. A successful breach of this resistance could signal a notable upward trajectory for CELO, probability with the next goal being the Bearish OB target.
💎 However, should CELO struggle to surpass this resistance, finding itself in a consolidation phase at this level for a few days, it risks another rejection. This scenario could lead to a reversal in CELO's trajectory, sending it back toward the demand area.
💎 The demand zone holds crucial importance as it represents the final line of support for CELO's bullish trend. Failure to rebound upon reaching this zone and sustain levels above it could lead to a downward shift. If CELO breaks below this key support level, it could move towards a stronger support area, indicating a potential bearish turn for CELO.
💎 However, should CELO struggle to surpass this resistance, finding itself in a consolidation phase at this level for a few days, it risks another rejection. This scenario could lead to a reversal in CELO's trajectory, sending it back toward the demand area.
💎 The demand zone holds crucial importance as it represents the final line of support for CELO's bullish trend. Failure to rebound upon reaching this zone and sustain levels above it could lead to a downward shift. If CELO breaks below this key support level, it could move towards a stronger support area, indicating a potential bearish turn for CELO.
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