CELO Soars 20%, Driving Profit Taking Amid Bullish Momentum

CELO is experiencing a surge in price, climbing more than 20% over the past week and prompting an analysis of its current bullish trend. Crypto analyst Crypto Patel highlights CELO’s strong upward movement, showcasing a clear ascending trendline on technical charts. This recent bullish momentum has been accompanied by high buying pressure, pushing CELO’s price to $0.3724 from around $0.3393. Investors who entered at this average price have already experienced substantial gains and are taking profits, creating a natural market rebalancing effect.