Celo: Stablecoin Ecosystem Eyes $7.5T Daily FX

Celo stablecoin ecosystem targets a slice of $7.5T daily FX volume through onchain infrastructure, Global Head of Stablecoins MarkusMento told attendees at the Stable Summit.

CELO price sits at $0.07 beneath EMA50 and EMA200 resistance at $0.08 while MACD prints a death cross. RSI at 21.85 marks deep oversold territory inside the Bollinger bands, directing attention to lower support at $0.06 before any sustained recovery develops on the 4h chart.