Cronos (CRO) Targets the $0.08500 Mark After Breaking a Six-Month-Old Barrier

Bulls in the Cronos market have recently pushed through a resistance level that had persisted for six months at the $0.07825 price mark. Following this breakthrough, the market’s price has ascended and is now approaching the $0.08500 resistance price mark, signaling a significant shift in this market. Let’s delve deeper to gain more insights.

Key CRO Statistics:
Current Cronos Value: $0.08383
Cronos Market Cap: $2,022,302,163
Circulating Supply of CRO: 25,263,013,692
Total Supply of CRO: 30,263,013,692
Cronos CoinMarketCap Ranking: 34

Key Price Levels:
Resistance: $0.0.8383, $0.08500, and $0.08700
Support: $0.08300, $0.08200, and $0.08100

Cronos (CRO) Advances Towards the $0.08500 Mark

The Cronos token has undergone a remarkable surge in its price, experiencing a prolonged uptrend. This surge propelled the token’s price from around $0.05000 to surpass the $0.08000 mark, signaling a potential for further movement. The ongoing session remains considerably bullish, with minimal lower shadows on the price candles, while the price stays above the Guppy Multiple Moving Average (GMMA) lines.

The price action remains close to the nearby resistance at the $0.08383 mark. The Relative Strength Index (RSI) indicator curves have taken an upward trajectory following a crossover, yet they remain in the overbought region.

CRO Bullish Momentum Persists Above the $0.08383 Mark

In the CRO 4-hour market, a high level of participation is evident as the price action has just surpassed the $0.08383 mark. Consequently, the Cronos token is now trading above the $0.08400 level and shows a clear intention to reach the $0.08500 mark.

The RSI indicator recently delivered an upward crossover, with the indicator lines continuing their ascent. Notably, a substantial gap exists between the leading and lagging lines, indicating increasing buyer pressure in this market. Consequently, the market will likely breach the $0.08600 mark.

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