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CELO is up by greater than 2% right now 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 now, 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 assert additional “lottery” features on fraudulent web site(s).
CELO’s optimistic efficiency additionally comes because the broader crypto market has additionally been underperforming to date right now. The whole crypto market cap continues to face above $1 trillion. However, it’s by greater than 2% within the final 24 hours.
Bitcoin continues to be struggling to high the $21k resistance degree and has misplaced greater than 2% of its worth right now 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 properly over the previous few hours. CELO is presently outperforming the broader cryptocurrency market.
The MACD line not too long ago crossed into the optimistic zone, indicating that the bulls are actually in command of the CELO market. The 14-day relative power index of 62 exhibits that CELO might 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 might surge previous the primary main resistance degree at $0.934 earlier than the tip of the day.
However, CELO might discover it onerous to high the $1 psychological degree within the close to time period because the broader cryptocurrency market is presently bearish.
Where to purchase Celo now
eToro
eToro gives a big selection of cryptos, resembling Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.
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 also can earn BAT tokens primarily based on their searching habits.
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