Cronos (CRO) Still Holds Moderate Profits

The Cronos token (CRO) has shown modest, continued upward movement as of the time of writing. However, price action in this market suggests that bullish forces remain in control. As such, the market appears poised for further upward movement, with price action currently positioned above a crucial support level.

Cronos Statistics

Current Price: $0.1035

Market Capitalization: $2.74B

Circulating Supply: 26.57B

Total Supply: 97.54B

CoinMarketCap Rank: 35

Key Price Levels

Resistance: $0.1100, $0.1400, $0.1700

Support: $0.1000, $0.0800, $0.0600

CRO/USDT Buyers Sustain Bullish Pressure

While the current trading session in the Cronos daily chart has experienced a noticeable downward correction, price action remains above a favorable support base. The latest candlestick on the chart is green and positioned just above the middle Bollinger Band.

Its upper shadow pierces through the upper Bollinger Band, indicating ongoing bullish activity. Additionally, the Smoothed Rate of Change (SROC) indicator remains above the equilibrium level, although it is trending downward in response to the recent contraction in price.

Cronos Bulls Fight to Stay in Control

Shifting the focus to the 4-hour CRO/USDT chart, bullish forces are still visibly active. Despite this, the current price candlestick suggests a struggle between bullish and bearish forces, as indicated by the appearance of a spinning top candlestick pattern.

Nevertheless, price action remains near the upper boundary of the Bollinger Bands. Similarly, the SROC indicator line continues its upward trajectory while staying above the equilibrium level. From a technical perspective, traders may still maintain a bullish outlook toward the $0.1150 price level.

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