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.
Make money without lifting your fingers: Start trading smarter today
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
