Cronos (CRO) Sees a Notable Price Growth

As the Cronos coin appears in the second spot on today’s list of top crypto movers, the token is showing notable growth. It has claimed this position by registering a price increase of 5.90%.

CRO Market Statistics

Current Price: $0.2193

Market Capitalization: $7.53B

Circulating Supply: 33.58B

Total Supply: 97.55B

CoinMarketCap Rank: 22

Key Price Levels

Resistance: $0.2250, $0.2500, $0.2750

Support: $0.2000, $0.1750, $0.1500

CRO Goes Off Limit

The Cronos daily chart reveals that price action has been on a strong upward pump. In particular, the previous session was notably gainful, as seen from the appearance of its price candle. The ongoing session stands above the upper band of the Bollinger Bands (BB) indicator.

Although the last price candle remains bullish, it suggests visible signs of struggle, highlighted by the presence of an upper shadow. Meanwhile, the lines of the Stochastic Relative Strength Index (SRSI) indicator are still pointing upward within the overbought region, signaling that bullish pressure remains active.

Cronos Sticks Around the Uppermost Limits

Switching to the CROUSDT 4-hour chart, it is evident that price action remains highly elevated. For the past seven sessions, price candles have been hugging the upper band of the BB indicator. The ongoing session, however, is a new bearish one but still hovers near the upper band of the BB indicator.

Although this session has pulled the market slightly below the upper limit, the SRSI indicator lines have now taken a sideways direction within the overbought region. Therefore, traders may anticipate a pullback toward the $0.2100 price level before a continuation toward $0.2350 or even $0.2500.

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