Layer 2 · rank #481

Celo CGLD

$0.0780-2.4% 1d+6.3% 7d+24.2% 30d

Amber List Phoenix · weekly · score 50 mixed

Monthly: forming bar is a green 2-Up. Last confirmed swing low 0.0575 (Aug 2026), month 1 of a cycle that has typically run 6. Current low 0.0557 is unconfirmed — it confirms above 0.0921. Cycle-low confidence 55%.
Weekly: forming bar is a red inside bar. Last confirmed swing low 0.0575 (Aug 2026), week 3 of a cycle that has typically run 5. Cycle-low confidence 27%.
Daily: bar is a red inside bar. Last confirmed swing low 0.0744 (2026-09-04), day 3 of a cycle that has typically run 5. Cycle-low confidence 32%.
Amber List: 85% below the 2025-10-06 high; +40% off the 365-day low.
Phoenix: 97% decline over 27 months, weekly swing low confirmed (late (2 bars)), now +40% above the trough; first weekly pullback after the low confirmed 2026-08-30 (trigger 0.0792).
Gauges: Mayer multiple 1.05 (neutral); -83% vs the 200-week average; -99% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 50

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health68 / 100 · Sound

Liquidity (24h volume / market cap) can you get out	29.76 %	15.0 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	1.65 x	10.1 / 15
Size (market-cap rank) survivorship	481 #	0 / 15
Usage (price / annualized fees) fees people actually pay to use it (DefiLlama)	60.7 x	15.5 / 20
TVL backing (market cap / TVL) capital parked in it (DefiLlama)	2.81 x	12.0 / 15
Fee momentum (30d vs prior 30d) is usage growing into the recovery	4.2 %	5.4 / 10
Age on Coinbase survived a cycle	6.0 yrs	10.0 / 10

7 of 7 measurable; score renormalized over what was measurable.