CELO is up by greater than 2% immediately regardless of the community struggling a phishing assault over the weekend.
CELO, the native coin of the Celo blockchain, is likely one of the greatest performers amongst the highest 100 cryptocurrencies by market cap. The coin has added greater than 2% to its worth immediately, 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 do not forget that nobody from the Celo group will ever ask you to share your restoration phrase.
— Celo (@CeloOrg) November 5, 2022
The Celo group knowledgeable its group members that the phishing try despatched a small quantity of CELO to Celo wallets, with a message to say additional “lottery” positive aspects on fraudulent web site(s).
CELO’s optimistic efficiency additionally comes because the broader crypto market has additionally been underperforming to this point immediately. The entire 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 prime the $21k resistance stage and has misplaced greater than 2% of its worth immediately 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 look at
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 are actually in control of the CELO market. The 14-day relative energy index of 62 exhibits that CELO may 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 may surge previous the primary main resistance stage at $0.934 earlier than the tip of the day.
Nonetheless, CELO may discover it onerous to prime the $1 psychological stage within the close to time period because the broader cryptocurrency market is at present bearish.
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