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

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

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

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



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) Targets the <img fetchpriority=.08500 Mark After Breaking a Six-Month-Old Barrier" width="580" height="302" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/11/CROUSDT_2023-11-07_10-01-12-1024x534.png"/>

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.

Cronos (CRO) Targets the <img decoding=.08500 Mark After Breaking a Six-Month-Old Barrier" width="580" height="302" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/11/CROUSDT_2023-11-07_10-03-28-1024x534.png"/>

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.

Buy CRO on eToro

  • 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