- CELO is trading inside a symmetrical triangle on the daily chart, approaching upper resistance near $0.40.
- A breakout above $0.40 on strong volume could target $0.45–$0.50 in the short to medium term.
- Rejection near resistance may push CELO toward $0.31 support, with a breakdown exposing the $0.25 level.
CELO is consolidating within a symmetrical triangle, trading near its upper resistance zone at $0.40, where a breakout could trigger bullish continuation toward higher price levels.
CELO Forms Symmetrical Triangle Ahead of Key Breakout
On the daily chart, CELO is in a symmetrical triangle and trading in this pattern is an indication of consolidation before a move. Since early May 2025, the price action has been confined within this structure that is made of converging trendlines.
The analyst alphacryptosign-chart explains on Twitter that the asset recovered recently upon the lower zone of about $0.31 and is currently gaining traction up the upper resistance level of around $0.39 40. The area corresponds to the previous highs and is, therefore, a critical area of the traders watching the breakout potential.
Breakout Above $0.40 Could Target $0.45–$0.50
It has 50 days Simple Moving Average and 50 days Exponential Moving Average at levels of $0.3180 and $0.3390 respectively and they are now below the price and provide technical support. Trading above these moving averages is based on a better short-term sentiment as the market approaches the cusp of the triangle.
If CELO achieves a daily close above $0.40 with strong trading volume, the breakout could pave the way to $0.45–$0.50. Traders seeking lower risk may consider entering after a confirmed breakout and a successful retest of the former resistance as support.
Downside Risk Toward $0.31 and $0.25
If CELO is rejected at the $0.40 resistance, price could retreat toward $0.31, the lower boundary of the triangle.The failure to maintain this level would nullify the structure of consolidation and can result in further losses towards the support of the $0.25 zone.
As of writing, CELO is priced at $0.3407 and the cryptocurrency has fallen by 5.47 percent over the last 24 hours. Last week the price experienced 9.79% of positive movement, which appears as positive dynamics even though the price has pulled back short-term.
