Cronos (CRO) Charges Upward With Tethys Upgrade: Bullish Momentum Builds  

Azeez Mustapha

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Cronos (CRO) charges upward with the Tethys upgrade. Cronos (CRO) is set for a bullish phase after upgrading its zkEVM testnet to the significant Tethys release, advancing towards a summer mainnet launch. Utilizing zkSync’s v24, Tethys enhances scalable network development for broad adoption.

 
In collaboration with Matter Labs, Crypto.com, and others, Tethys improves the bridge between Ethereum’s Sepolia Testnet and Cronos zkEVM while lowering transaction fees via validium configuration. Ken Timsit of Cronos Labs emphasized Tethys’s role in cutting costs, enhancing developer tools, and simplifying upgrades. Daniel Lumi of Matter Labs lauded Cronos’s ecosystem as a major ZK Chain use case. Upcoming community quests will increase testnet adoption and feedback, indicating potential growth for CRO.

Key CRO Levels To Watch – May 21

Cronos (CRO) Charges Upward With Tethys Upgrade: Bullish Momentum Builds  

Following the bounce off the $0.0710 support, CROUSD experienced a massive surge to the upside. The surge made no notable retracement until the price hit $0.1850.
 
From the $0.1850 swing high, a major retracement began. The market kept forming lower highs and lower lows until the demand zone at $0.1250 was reached. Owing to the buying pressure at the $0.1250 demand zone, CROUSD is likely to experience a bullish surge soon.

Cronos Key Levels

Resistance Levels: $0.1390, $0.1610, $0.1850 
Support Levels: $0.1250, $0.0960, $0.0710

CRO/USD Metrics

Total Market Capitalization: $2.62T 
Cronos Market Capitalization: $3.38B
Cronos Volume: $16.95M
Market Rank: #34

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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