CELO Breaks Five-Day Losing Streak With a 30% Rebound; What’s Next

Traders jumped in to the CELO market after Coinbase Pro, a US-based cryptocurrency company, listed its trading instruments on its trading platform. The announcement opened a fiat-liquidity gateway for CELO traders – they will now be able to exchange the token for currencies like the US dollar, Euro, and Pound.

Source: TradingView.com The chart above shows a pattern whereby traders are buying CELO tokens near the lower blue support level. The involvement of prominent venture firms into the project has also played a key role in raising bids for CELO token, especially among traders and investors with a long-term market strategy.

Timeline of Celo