Yes I could read it. To untrained eyes it could be difficult to parse though. A lot depends on your target audience.

Is it "coded colors" ?

If yes, then "e" is not legible on its own, but not hard to guess given the context.

is there anything you'd suggest to make the e more legible?

Perhaps try making it the same shape as C and then add small red dot in center of the space in its middle ?

What is this for -- a logo? The colors are very bright which doesn't help with legibility. Okay some letters are easier to decipher then others ("c" "o" "d" "l"). The "e" "r" "s" are hard for me to read.

the letter "l" overlapping the "d" and making another shade adds an extra layer of confusion.

maybe use the letter "c" by itself as a mark?

you tried something different kudos for that. But don't stop here.

i can read it. coded colors. :)

(and Hi Shari! It's Betsy from the circus. small world.)

haha! Hi Betsy! What are you up to these days? (Feel free to write me an e-mail)