Celo: Y Combinator Flags Non-USD Stablecoins
Celo tweeted that Y Combinator sees non-USD stablecoins as central to crypto's future, pointing to the 19 such currencies already live on its chain with tags to Mento Labs and partners.
SourceAnalysis
Celo posted that Y Combinator views non-USD stablecoins as a core driver ahead, noting its own chain already hosts 19 such assets built over recent years with partners including Mento Labs, IDRX and Ripio.
Price action on the 4h chart shows CELO locked at $0.08 where EMA50 and EMA200 converge as flat support, RSI at 14.35 signals deep oversold conditions, MACD prints a bullish golden cross at -0.0 and the pair tests the lower Bollinger band, pointing to short-term volatility exhaustion that could lift price toward the $0.08 resistance cluster before any sustained move.
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