Cronos (CRO) Set to Hit a Price Level Last Seen Twenty Months Ago
Login

Cronos (CRO) Set to Hit a Price Level Last Seen Twenty Months Ago

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


After price action in the Cronos daily market was able to sustain trading above the $0.1400 mark (a multi-month resistance), the market has again picked a target at a higher but nearby resistance. Let’s examine the chances of price action surpassing that mark, as it may open the door for more upside corrections.

CRO Statistics:
Current Cronos Value: $0.1557
CRO Market Cap: $4.15 billion
Cronos Circulating Supply: 26.57 billion
CRO Total Supply: 30 billion
Cronos CoinMarketCap Rank: 13

Key Price Levels:
Resistance: $0.1560, $0.1600, and $0.1700
Support: $0.1500, $0.1400, and $0.1300

Cronos (CRO) Set to Hit a Price Level Last Seen Twenty Months Ago Cronos Market Climbs Towards the $0.1600 Mark

During the past two sessions in the CRO daily market, price action tested the support at the $0.1400 mark. It could be seen that the market rebounded upwards in the following session, and the ongoing session has continued the upside correction with heightened vigor.

At this point, the market now trades clearly above the Guppy Multiple Moving Average (GMMA) lines. Also, Stochastic Relative Strength Index (SRSI) lines are rising sharply upward. Additionally, the size of the last price candle on this chart shows that buying activities are at a significant level in the market. Consequently, all these favor a continued price increase in this market.

Cronos (CRO) Set to Hit a Price Level Last Seen Twenty Months Ago

CRO Maintains a Promising Outlook

Price action in the Cronos 4-hour market maintains a consistent leap off the support formed by the upside-sloping trend line. The last price candle on this chart keeps the coin trading at a significant distance above the GMMA indicator lines. The SRSI indicator lines can still be seen to have an upward bearing. However, one can notice a minor deflection in its leading line.

Nevertheless, there haven’t been many signs of a downward correction in the 4-hour market. Therefore, market participants can still anticipate the market hitting the $0.1600 mark.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News