Breakout for CELO: Price Eyes $1.56 After First Hurdle Cleared
A bullish breakout pattern on the 4-hour timeframe. This crescent-shaped breakout, also known as an ascending crescent pattern, indicates a potential price surge in the coming days.
The token successfully breached a resistance level of $1.15, signaling a positive shift in momentum. The immediate target after this breakout sits at $1.38, which CELO has already reached.
Closely watching the price action at this first resistance point. If CELOUSDT can decisively break above $1.38, further gains could propel the price towards $1.56. Conversely, a pullback from this resistance level could see the price retrace back down to the range of $1.23 to $1.15.
The token successfully breached a resistance level of $1.15, signaling a positive shift in momentum. The immediate target after this breakout sits at $1.38, which CELO has already reached.
Closely watching the price action at this first resistance point. If CELOUSDT can decisively break above $1.38, further gains could propel the price towards $1.56. Conversely, a pullback from this resistance level could see the price retrace back down to the range of $1.23 to $1.15.