CELO is up by greater than 2% right this moment despite the community suffering a phishing assault over the weekend.
CELO, the native coin of the Celo blockchain, is likely one of the finest performers amongst the highest 100 cryptocurrencies by market cap. The coin has added greater than 2% to its worth right this moment, outperforming the broader cryptocurrency market.
The optimistic efficiency comes despite the Celo community experiencing a phishing assault over the weekend.
A phishing attempt occurred on 11/4/22 on the Celo community. Please do not forget that nobody from the Celo neighborhood will ever ask you to share your restoration phrase.
— Celo (@CeloOrg) November 5, 2022
The Celo workforce knowledgeable its neighborhood members that the phishing attempt despatched a small quantity of CELO to Celo wallets, with a message to say additional “lottery” positive factors on fraudulent web site(s).
CELO’s optimistic efficiency additionally comes because the broader crypto market has additionally been underperforming thus far right this moment. The complete crypto market cap continues to face above $1 trillion. However, it’s by greater than 2% within the final 24 hours.
Bitcoin remains to be struggling to prime the $21k resistance stage and has misplaced greater than 2% of its worth right this moment 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 observe
The CELO/USD 4-hour chart has turned bullish as Celo has been performing effectively over the previous few hours. CELO is at the moment outperforming the broader cryptocurrency market.
The MACD line not too long ago crossed into the optimistic zone, indicating that the bulls are actually answerable for the CELO market. The 14-day relative energy index of 62 reveals 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 top of the day.
However, CELO may discover it onerous to prime the $1 psychological stage within the close to time period because the broader cryptocurrency market is at the moment bearish.
Where to purchase Celo now
eToro
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Uphold
Uphold is a platform which has over 50 cryptocurrencies to select from.
It’s customers could make crypto trades with a checking account, bank card or crypto debit card. It has variable charges and permits customers to automate trades.
Users who’re on Brave’s web browser can even earn BAT tokens based mostly on their shopping habits.
