Cronos (CROUSD) Price Exhibits an Essential Growth

Cronos (CROUSD) Price Forecast: September 8

The CROUSD pair maintains strength, exhibiting essential growth with an ascending channel structure today. The cryptocurrency value has been carving a path of resilience, supported by steady inflows and consistent accumulation. Hence, its resistance at $0.275 may swing to a $0.390 prior supply, which could extend to the $0.400 upper resistance level, if additional strength is added to the bulls’ trend.

Key Levels:
Resistance Levels: $0.278, $0.279, $0.280
Support Levels:    $0.080, $0.079, $0.078

CRO (USD) Long-term Trend: Bullish (Daily Chart)

Cronos market value is showing strong growth above a key level. The pair has expanded its holdings, adding strength to the broader outlook for the asset.

The coin prices are above the moving average line, confirming its bullish momentum.

The coin price has demonstrated crucial growth above the resistance level in its recent high due to investors’ persistent rise to the $0.282 level in the previous session.

At the time of writing, the CROUSD pair rebounded from yesterday’s low of $0.261 to a $0.275 supply mark above the 50-day moving average, as the daily session opens today, confirming the bulls’ dominance in the market.

The crypto price action is edging closer to the overhead; therefore, sustainability above the $0.390 previous high would render any intended bearish move invalid.

Additionally, as the Cronos price continues to grow on the daily indicator, the essential growth might increase the token price to the $0.400 upper resistance point in its higher time frame if the bulls push harder.

CRO (USD) Medium-term Trend: Bullish (4H Chart)

Due to large inflows from long traders, the Cronos market exhibits a bullish posture and slight expansion in its medium-term perspective.
The high bullish momentum at $0.271 supply value in the previous action has enabled the cryptocurrency price to show necessary growth above the supply trend levels in its most recent high.

At the press time, Cronos’ market value trades at around $0.273, slightly above the EMA-50, proving its strength in upward movement.

From a technical perspective, the CROUSD market may continue to show essential growth, which could push the token price to a medium-term upper resistance, of $0.373 and extend to $0.380, creating an opportunity zone for coin buyers.

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