Cronos (CRO) Maintains a Slow Upward Trajectory

While the crypto market appears relatively sluggish at the moment, the Cronos token has been showing an impressive comeback. This follows a period in which the price action dipped below some important technical levels. Based on available metrics, the token has registered a price increase of 4.32%. A more detailed market analysis is provided below.

CRO Statistics

Current Price: $0.09103

Market Capitalization: $2.83B

Circulating Supply: 31.07B CRO

Total Supply: 97.54B CRO

CoinMarketCap Rank: 33

Key Price Levels

Resistance: $0.1000, $0.1200, $0.1500

Support: $0.0900, $0.0700, $0.0500

Cronos’ Moderate Gains Remain Threatened

Price action on the CRO/USDT daily chart shows a rebound in the ongoing session. This rebound appears moderate and remains below the 9-day moving average.

The moving average currently acts as resistance, as evidenced by the latest candlestick, which has both upper and lower shadows—indicating strong price contention between bulls and bears. Nevertheless, the market continues to follow a slow upward trajectory.

The Moving Average Convergence Divergence (MACD) indicator lines are still below the equilibrium level, and the most recent MACD bar is pale red. This suggests weak momentum and reflects only the immediate price movement in the current session.

Previous CRO Gains Keep the Market Afloat

On the Cronos 4-hour chart, the previous session was notably gainful. Despite the current pullback, price action remains above the 9-day EMA, which supports the possibility of further upside. The latest candle is red, indicating a retracement, but its position above the 9-day EMA suggests that bullish momentum may return.

The MACD line is also below the equilibrium level but shows an upward crossover, which is typically a bullish signal. The latest MACD bar remains green, reinforcing the potential for a continued move toward the $0.1000 price level.

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