Cronos (CRO) Keeps Base to Push Higher

As the Cronos token has presented itself as the second-best-performing coin on today’s list of daily crypto movers, it has been able to maintain earlier gained support. As a result, the ongoing session has appeared bullish. This has kept the token trading above important technical levels.

CRO Market Statistics

Current Price: $0.3154

Market Capitalization: $10.4B

Circulating Supply: 97.54B

Total Supply: 33.59B

CoinMarketCap Rank: 27

Key Price Levels

Resistance: $0.3500, $0.3750, $0.4000

Support: $0.3000, $0.2750, $0.2500

CRO Keeps an Elevated Base

Ever since price action in the Cronos daily market burst its way through the uppermost band of the BB indicator, price action has stayed above it. The Bollinger Bands (BB) indicator lines remain well divergent, yet still appear insufficient to accommodate the current price movement.

Technically, this retains the impression that bullish sentiment is sky-high. Meanwhile, the lines of the Stochastic Relative Strength Index (SRSI) indicator have delivered a downward crossover in the overbought region. Also, despite the present state of the market, the emerging lines of the BB indicator show a slight downward bearing above the 70 level.

 

Cronos Taking Baby Steps Towards the $0.4000 Ceiling

Price activity in the CRO market on the 4-hour chart has been climbing upward off the middle band of the BB indicator. Ever since the past four sessions, appearing price candles have been green, which indicates consistent bullish gains. The latest price candle on the chart is conspicuous enough and maintains its base above technical levels.

Likewise, the extreme limits of the BB indicator are converging at this point, and as such, this suggests that upside forces are likely to drive further movement. Meanwhile, the SRSI indicator lines are still rising steadily from the oversold region. As it stands, traders can eye the $0.3500 and $0.4000 price levels.

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