Exciting upgrades include consensus security, a raise in the block gas limit, and ethers.js compatibility.
? 8:30AM PT
Join the watch party: https://t.co/Jrrjrvtkaj
Learn more: https://t.co/pNGq7tWOuVpic.twitter.com/6AazuqHlAm
— Celo (@CeloOrg) November 8, 2022
CELO’s plunge comes as the broader cryptocurrency market experienced a massive sell-off. The FTX struggles over the last couple of days have plunged the crypto market into a bearish trend, with most coins trading in the red zone.
The total cryptocurrency market cap is now below $900 billion, down by 10% in the last 24 hours. dropped below the $18k level for the first time in months after losing 8% of its value. However, it has slightly bounced back and is now trading above $18k.
is also down by more than 15% today and is now trading around $1,200 per coin.
Key levels to watch
The CELO/USD 4-hour chart is extremely bearish, as Celo has been underperforming since the start of the week.
CELO/USD Chart By TradingView
The MACD line is deep within the negative territory, indicating that CELO is currently experiencing heavy selling pressure from the market.
The 14-day relative strength index of 19 shows that CELO is currently in the oversold region. At press time, CELO is trading at $0.527 per coin.
If the bearish trend continues, CELO could trade below the $0.50 support level for the first time in more than 6 months. However, in the event of an extended sell-off, CELO could trade below $0.40 for the first time in more than a year.
Where to buy CELO now
OKX
Buy CELO with OKX today
Buy CELO with BINANCE today
