Technical analysis by Tropnik about Symbol CELO: Sell recommendation (1/26/2024)

Taking into account the general market factor, CELO is expected to decline. But, there is some good news that will help in the context of speculation. CELO chain plans to be developed as Ethereum L2. Increased buy volumes are good, but not now. Now they will not provide direct benefits and are not an indicator of growth. Like any other asset, during this market period, everything will decline.