Celo (CELO): An Ethereum Layer-2 Altcoin Poised for Breakout

Trader’s Outlook

  • The Flow Horse, a well-known trader, predicts a significant breakout for CELO, an Ethereum scaling altcoin.
  • He anticipates bullish moves in the Ethereum layer-2 subsector, with CELO leading the charge.
  • The trader sees CELO as having reached a bear market bottom and poised for an uptrend.

CELO’s Price Action

  • At the time of writing, CELO is trading at $0.875, up nearly 10% in the last 24 hours.
  • The trader’s chart suggests that CELO may have carved a bear market bottom and is poised to begin its uptrend.

Solana vs. Ethereum (SOL/ETH) Ratio

  • The Flow Horse also analyzes the Solana versus Ethereum (SOL/ETH) ratio.
  • He predicts that Ethereum will likely outperform Solana, possibly until the market becomes too optimistic about the approval of a spot Ethereum exchange-traded fund (ETF).

Current Market Prices

  • At the time of writing, Ethereum is trading at $3,033, while SOL is worth $103.10.


  • The opinions expressed in this article are not investment advice.
  • Investors should do their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.