CELO is up by greater than 2% at present regardless of the community struggling a phishing assault over the weekend.
CELO, the native coin of the Celo blockchain, is likely one of the finest performers amongst the highest 100 cryptocurrencies by market cap. The coin has added greater than 2% to its worth at present, outperforming the broader cryptocurrency market.
The optimistic efficiency comes regardless of the Celo community experiencing a phishing assault over the weekend.
A phishing try occurred on 11/4/22 on the Celo community. Please keep in mind that nobody from the Celo neighborhood will ever ask you to share your restoration phrase.
— Celo (@CeloOrg) November 5, 2022
The Celo workforce knowledgeable its neighborhood members that the phishing try despatched a small quantity of CELO to Celo wallets, with a message to say additional “lottery” features on fraudulent web site(s).
CELO’s optimistic efficiency additionally comes because the broader crypto market has additionally been underperforming thus far at present. The whole crypto market cap continues to face above $1 trillion. Nonetheless, it’s by greater than 2% within the final 24 hours.
Bitcoin continues to be struggling to high the $21k resistance degree and has misplaced greater than 2% of its worth at present and now trades round $20,700 per coin. Ether is down by 3% within the final 24 hours and is now buying and selling at $1,562 per coin.
Key ranges to observe
The CELO/USD 4-hour chart has turned bullish as Celo has been performing properly over the previous few hours. CELO is at present outperforming the broader cryptocurrency market.
The MACD line just lately crossed into the optimistic zone, indicating that the bulls at the moment are accountable for the CELO market. The 14-day relative power index of 62 reveals that CELO might enter the overbought area if the rally continues,
At press time, CELO is buying and selling at $0.758 per coin. If the optimistic momentum is maintained, CELO might surge previous the primary main resistance degree at $0.934 earlier than the top of the day.
Nonetheless, CELO might discover it onerous to high the $1 psychological degree within the close to time period because the broader cryptocurrency market is at present bearish.
The place to purchase Celo now
eToro
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