Layer 2 · rank #429

Celo CGLD

CGLD cycle analysis · chart, confirmed lows and fundamentals

$0.0855+1.1% 1d-2.7% 7d-10.8% 30d

Red List Recovering held Phoenix · monthly · score 50 mixed

70.5% below its 365-day high of $0.2900 (2025-11-02), +53.5% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
0.05820.25111.082024-052025-072026-10low 0.0557 (97%)false bottommonthly trigger 0.0921
Where it stands

On the Red List.

Held on the Red List: it last met the Red List rules on 2026-10-18. Today it reads Amber List; a tier moves down only after five consecutive scans below its rules.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +53.5% above the Jun 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

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

Monthly 1

Last bars
2Dr 1g 3g 2Ug 1r
Confirmed low
$0.0575 · 2026-08-31
Position
2 of median 5.5 (max 12)
Current low
$0.0557 · confirmed
Cycle-low confidence
54% · in band
Confirmed lows
13

Weekly 1

Last bars
2Ug 2Ug 2Dr 2Dr 1g
Confirmed low
$0.0719 · 2026-09-06
Position
7 of median 5 (max 22)
Current low
$0.0779 · unconfirmed
Confirms above
$0.1005
Cycle-low confidence
63% · in band
Confirmed lows
52

Daily 2U

Last bars
2Dr 2Dr 1r 3g 2Ug
Confirmed low
$0.0803 · 2026-10-20 (daily)
Position
1 of median 5.0 (max 22)
Current low
$0.0779 · confirmed
Cycle-low confidence
68%
Confirmed lows
385
The full read, in sentences
  • Monthly: forming bar is a red inside bar. Last confirmed swing low 0.0575 (Aug 2026), month 2 of a cycle that has typically run 5.5. Cycle-low confidence 54%.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 0.0719 (Sep 2026), week 7 of a cycle that has typically run 5. Current low 0.0779 is unconfirmed — it confirms above 0.1005. Cycle-low confidence 63%.
  • Daily: bar is a green 2-Up. Last confirmed swing low 0.0803 (2026-10-20), day 1 of a cycle that has typically run 5. Cycle-low confidence 68%.
  • Red List: 70% below the 2025-11-02 high; +54% off the 365-day low.
  • Phoenix: 97% decline over 27 months, monthly swing low confirmed (late (3 bars)), now +54% above the trough; pullback #2 confirmed 2026-09-13.
  • Gauges: Mayer multiple 1.11 (neutral); -81% vs the 200-week average; -99% from the all-time high.

Has Celo bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the CGLD snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $0.0575 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $0.0719 from 2026-09-06. A newer candidate at $0.0779 is unconfirmed; its confirmation level is above $0.1005, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $0.0803 from 2026-10-20. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Celo below its high?

The Coinbase price snapshot is 70.5% below its rolling 365-day high of $0.2900 from 2025-11-02. Separately, CoinGecko reports -99.1% relative to its all-time high of $9.82 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Amber List; recovering · Phoenix monthly → Red List; recovering · Phoenix monthly
  2. First observed: Amber List; recovering · Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$1.83 · Mar 2024
Trough
$0.0557 · Jun 2026
Decline
-97.0% over 27 months
Above trough
+53.5%
Monthly
confirmed (late (3 bars)) · trigger $0.0921
Weekly
confirmed (late (2 bars))
False bottom
$0.2370 · Jun 2025 (2 higher highs, then undercut)
Entry
pullback #2 low $0.0719 confirmed 2026-09-13 · trigger $0.0823
Score 50
decline30
confirmation25
earliness0
stale-15
false bottom10
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health67 / 100 · Sound
Liquidity (24h volume / market cap)
can you get out
5.94 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.64 x10.2 / 15
Size (market-cap rank)
survivorship
429 #0 / 15
Usage (price / annualized fees)
fees people actually pay to use it (DefiLlama)
59.5 x15.6 / 20
TVL backing (market cap / TVL)
capital parked in it (DefiLlama)
4.44 x9.3 / 15
Fee momentum (30d vs prior 30d)
is usage growing into the recovery
16.5 %6.6 / 10
Age on Coinbase
survived a cycle
6.1 yrs10.0 / 10

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

Market cap
$60.5M
Fully diluted
$99.4M
24h volume
$3.6M
Circulating
608,422,490 of 1,000,000,000 max
All-time high
$9.82 · 2021-08-30 (-99.1%)
TVL
$13.6M (chain)
Fees 30d
$83.5K
Revenue 30d
$0
Fees 1y
$559.9K
Mayer multiple
1.108 · neutral
vs 200-week avg
-80.8%
Pi cycle
0.401
On Coinbase since
2020-09-01 (2242 bars)
CoinGecko id
celo

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources