CELO Price Skyrockets After Breakout — Bulls Take Charge as $0.50 Target Looms

CELO breaks year-long downtrend with 79% surge, signaling major trend reversal

Strong support at $0.26 fuels rally, with breakout volume confirming bullish control

Price fills volume gap near $0.30, climbing swiftly on reduced resistance overhead

Celo has caught fire this week, jumping nearly 80% after a major breakout. With strong volume, bullish signals, and rising market cap, momentum is building fast as traders watch for the next move.

Breakout Signals a Bullish Shift

Celo (CELO) has staged a powerful comeback, surging from around $0.25 on September 30 to around $0.45 by October 6, 2025. This marks a 79.03% price increase in just 7 days, according to CoinMarketCap data

The breakout was highlighted by CryptoBull_360, who flagged the key technical setup when CELO began to push above a descending trendline that had capped price since mid-May.

A clear breakout above the downtrend line triggered bullish momentum, supported by a spike in daily trading volume, which hit $226 million within 24 hours. The strong move suggests a trend reversal, with price action now forming higher highs and higher lows — a clear signal of strength.

Support Zones and Volume Gaps Add Fuel

The rally gained traction after CELO bounced off a major support zone near $0.26, which had been tested multiple times and acted as a reliable demand area. Once this bounce occurred, the volume profile revealed a key accumulation zone around $0.30 — a high-volume node where buyers had previously positioned themselves.

Once CELO cleared this congestion zone, it moved fast due to the presence of a volume gap — a region of historically low trading activity offering little resistance. This allowed CELO to rally with minimal friction, surging to levels near $0.48, which aligns closely with the measured move target of $0.165 a 51.5% rise from the breakout.

This price action was matched by increasing volume, particularly around the October 6 surge, which coincided with the highest daily trading activity for the week. Such volume spikes typically confirm strong buying interest and add credibility to the breakout.

Market Sentiment and Technical Outlook

The structure of CELO/USDT has now flipped bullish, moving away from the lower highs and lows seen in previous months. RSI and Stochastic RSI indicate overbought conditions, and strong momentum.

Source: Strander RTs Via X

With CELO now trading just under $0.48, traders are watching for a short consolidation before another leg higher. The bullish structure, high-volume breakout, and reduced resistance levels point to a possible continuation — provided market sentiment holds.

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