Cronos (CRO) Races Toward the $0.1200 Threshold

The Cronos token (CRO) has recorded notable price increases as of the time of writing. The coin’s price has surged by an additional 12.08% today. The ongoing upward momentum in the market may fuel bullish sentiment, potentially driving further price appreciation.

CRO Statistics

Current Price: $0.1113

Market Capitalization: $2.88B

Circulating Supply: 26.57B

Total Supply: 97.54B

CoinMarketCap Rank: 34

Key Price Levels

Resistance: $0.1200, $0.1400, $0.1600

Support: $0.1100, $0.1000, $0.0900

CRO Price Action: Approaching Resistance

As noted earlier, the CRO market has been trending higher for the past four sessions. One interesting observation is that the 20- and 50-day Moving Average (MA) lines have just crossed below the price action. Similarly, the 100- and 200-day MA lines have formed a crossover above the price action. This creates a restrictive effect on price movement.

Meanwhile, the Stochastic Relative Strength Index (RSI) lines move sideways in the oversold region, indicating potential resistance ahead. Consequently, price action appears to be facing a formidable barrier just above current levels.

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CRO Faces Minor Rejection

Cronos’ 4-hour chart shows impressive progress; however, the latest price candle has turned red. Notably, this candle has contracted downward, leaving a long upper shadow, signaling some resistance.

Despite this, price action remains above all Stochastic RSI lines, which are still trending upward without significant deviation. Given these market dynamics, traders may target the short-term resistance level at $0.1200.

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