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Cronos (CROUSD) Price Forecast: September 1
The Cronos market today continues its upward path, encountering overhead resistance above the crucial reversal structure. For the asset to increase near $0.390, the $0.327 barrier must be broken. If investors prove more resilient and the price shows strength above the previous barrier, the coin’s upward momentum might continue. This could lead to a higher level of $0.400 and beyond, despite market turbulence. This indicates a strong bullish trend and an intraday gain for coin investors.
Key Levels:
Resistance Levels: $0.209, $0.210, $0.211
Support Levels: $0.077, $0.076, $0.075
CRO (USD) Long-term Trend: Bullish (Daily Chart)
From a long-term viewpoint, the CROUSD pair is moving and continues to rise. Customers’ confidence in their ability to rise confirms their significant market influence.
The Cronos market value continues to grow. The daily chart opens today above the resistance trend line of $0.372. This ignites positive emotion before another correction begins.
If the pair remains above the $0.372, the token price might surge. It could revisit $0.390, the prior resistance. This would indicate a prolonged upward trajectory.
Furthermore, the daily momentum indicating an upward trend raises the possibility that the Cronos market will keep rising.
In light of this, the crypto price could rise to the $0.400 upper resistance level, suggesting a good entry point for coin investors as it maintains its bullish path in a higher time frame.
CRO (USD) Medium-term Trend: Bullish (4H Chart)
Despite the short-term traders’ disruption in the price flow, the Cronos price maintains its upward path, indicating that buyers are becoming more influential in the market.
Due to the bull’s increasing push to a $0.282 supply threshold at its previous high, the coin price is able to maintain its bullish race and remain solidly in an uptrend at its most recent session.
As the 4-hourly chart opens today, the bulls made a strong rise to a high value of $0.372 above the supply trend levels, providing an entry opportunity for interested traders.
The cryptocurrency market appears promising as it continues its upward trajectory.
Consequently, additional pessimistic emotion will be stifled if the bulls’ price action increases and a bullish momentum is maintained above the $0.380 resistance levels.
The daily stochastic is notably increasing. If the Cronos buyers are successful in breaking above the $0.380 prior barrier line, market participants may see a new rebound rally to the $0.400 upper resistance mark as it continues its upward path.
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