Celo: 9.1M CELO Buybacks Completed Since April Overhaul

Celo has executed 9.1 million CELO buybacks since the CELOccelerate tokenomics overhaul in April, with another 600K purchased this week as 100% of net sequencer and stablecoin gas fees flow directly into the Community Fund.

Price sits at $0.09 inside the Bollinger Bands with upper resistance at $0.11 and lower support at $0.08 while the EMA50 at $0.1 acts as concrete resistance and the EMA200 at $0.09 provides long-term support; the RSI at 22.17 signals deep oversold conditions and the MACD death cross keeps the broader structure bearish, so any bounce toward the upper band will likely stall before a retracement tests the 50-EMA confluence zone.