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Cronos (CRO) rises by 11% ahead of the zkEVM mainnet launch, signaling bullish momentum. Cronos (CRO) keeps gaining momentum, with its price rising 11% ahead of the upcoming zkEVM Mainnet launch on August 15. This launch is pivotal for the Cronos network, introducing a scalable and secure environment for decentralized applications (dApps).
The Cronos zkEVM public mainnet (alpha) launch date is targeted for August 15.
— Cronos (@cronos_chain) August 8, 2024
Cronos’ newest, future-proof blockchain network is almost ready to go live. On Aug 15, users will be able to connect their wallet, bridge funds, and use a large and growing number of dapps.
What are… https://t.co/aYOdM7FKAS pic.twitter.com/UM3zPWJfO3
Users will soon be able to connect wallets, bridge funds, and explore a diverse range of dApps, boosting the network’s utility. The zkEVM upgrade positions Cronos as a forward-looking blockchain, likely contributing to the recent bullish sentiment around CRO as investors anticipate increased adoption and innovation within the ecosystem.
Key Cronos Levels To Watch – August 11
The CROUSD pair is exhibiting bullish momentum after finding strong support around the $0.0770 level, which coincides with the formation of an order block. The RSI is hovering around 54.0, indicating room for further upward movement before reaching overbought conditions. The price has broken above the falling trendline and is currently testing the resistance at $0.0960.
A successful break and close above this level could pave the way for a move towards $0.1190, followed by a potential run to $0.1390. If the price pulls back, the bullish order block in the discount zone should act as immediate support, maintaining the bullish outlook.
Cronos Key Levels
Resistance Levels: $0.0960, $0.1190, $0.1390
Support Levels: $0.0770, $0.0670, $0.0600
CRO/USD Metrics
Total Market Capitalization: $2.15T
Cronos Market Capitalization: $2.42B
Cronos Volume: $20.95M
Market Rank: #30
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