Celo: Onchain FX Infrastructure Highlighted at Summit

Celo made the case for new FX infrastructure at the Stable Summit where MarkusMento outlined onchain FX using 25+ native stablecoins from MentoLabs and updownxyz, building directly on Celo blockchain Mento stablecoin protocol onchain FX history and Celo native stablecoins technical architecture. CELO trades at $0.06 inside Bollinger Bands with upper resistance at $0.09 and lower support at $0.04; the bearish structure holds as price sits on EMA50 at $0.06 while EMA200 at $0.07 caps upside, RSI(14) at 39.87 stays neutral, and MACD death cross keeps momentum negative, pointing to a likely test of lower band support before any sustained recovery.