Despite the network being the target of a phishing attempt over the weekend, CELO is up more than 2% today.
Among the top 100 cryptocurrencies by market cap, CELO, the native coin of the Celo blockchain, has had some of the strongest performances. The coin outperformed the overall cryptocurrency market today, increasing in value by more than 2%.
Despite a weekend phishing attempt on the Celo network, the network has performed well.
The Celo team warned its community members that a small quantity of CELO has been delivered to Celo wallets via phishing, along with instructions to collect additional "lottery" winnings on a phoney website (s).
The strong performance of CELO coincides with the overall cryptocurrency market's underperformance so far today. The total value of the cryptocurrency market is still greater than $1 trillion. But in the previous 24 hours, it has increased by more than 2%.
Despite losing more than 2% of its value today, Bitcoin is still unable to surpass the $21,000 barrier level and is currently trading at roughly $20,700 per coin. Ether is currently selling at $1,562 per coin, down 3% over the last day.
levels to watch out for
The 4-hour CELO/USD chart has shifted from bearish to bullish as a result of Celo's recent strong performance. Right now, CELO is outperforming the overall cryptocurrency market.
Chart for CELO/USD from TradingView
The bulls are now in control of the CELO market, according to the MACD line's latest crossing into the positive territory. The CELO could move into the overbought zone if the surge continues, according to the 14-day relative strength index, which is 62.
The price of a CELO coin at the time of publication is $0.758. If the upward trend continues, CELO may break through the first significant resistance level at $0.934 before the day's end.
However, given that the overall cryptocurrency market is now negative, CELO may have trouble surpassing the $1 psychological barrier in the near future.
Where to get Celo right now
Binance
One of the biggest cryptocurrency exchanges in the world is called Binance. It is more suitable to more seasoned investors and provides over 600 different cryptocurrencies for users to pick from. Peer-to-peer trading, margin trading, and spot trading are just a few of the many trading possibilities that Binance's users can take use of. It is also renowned for having minimal trading fees.
Buy CELO right now with Binance
Coinbase
A major bitcoin exchange is called Coinbase. Its platform is highly suited for novice investors and provides a variety of coins because there are more than 100 to pick from. Coinbase offers its users options for storing their cryptocurrency, such as the ability to deposit coins on the Coinbase exchange, and it has high degree security integrated into the platform.
Buy CELO right now with Coinbase.
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