Celo: IDRX Stablecoin Tops $10M FX Volume

Celo reports that the IDRX Indonesian Rupiah stablecoin, launched on the network less than a month ago with Textileprotocol support, has already cleared $10M in onchain FX volume powered exclusively by Textile FX.

Price action on the 4h chart shows CELO holding at $0.1 with EMA50 acting as immediate resistance matching the upper Bollinger band while EMA200 at $0.09 provides deeper support; the MACD golden cross at 0.0 confirms bullish momentum even as RSI at 54.82 stays neutral inside the bands, pointing to steady continuation rather than exhaustion. This volume milestone underscores rapid stablecoin FX adoption on Celo and feeds directly into updated CELO price prediction models tracking onchain metrics and stablecoin FX trading growth.