Cronos (CROUSD) Price Shows an Encouraging Growth

Cronos (CROUSD) Price Forecast: August 28

The Cronos market today shows encouraging growth as it reaches the time to buy again at a $0.230 supply level. Despite minor market drops, the crypto’s upward trajectory demonstrates optimistic rise characteristics that keep its investors encouraged. As long as buyers maintain their enthusiasm and don’t give up, the coin price, currently near the upper resistance level, could continue its strong upward trend and extend its momentum to a $0.260 upper resistance level, suggesting an optimistic future for the cryptocurrency.

Key Levels:
Resistance Levels: $0.229, $0.230, $0.231
Support Levels:    $0.080, $0.079, $0.078

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

The CROUSD pair has signaled a renewed opportunity to buy, with notable growth potential capturing market attention. This suggests a positive outlook for the asset in the stock market on higher time frames.
The share price is trending at the overhead resistance above the moving average line, indicating a bullish momentum.

The coin attracted buyers in its recent correction. This was due to persistent positive pressure near the $0.211 high value in the last session.

Today, the Cronos market is displaying a similar pattern as the price skyrocketed to a $0.230 upper resistance value above the EMA-50, where buyers once had an upper hand in the asset.

The token price will therefore rise and hold steady at the overhead resistance if bulls are able to initiate their price action and maintain positive momentum above the current level.

Notably, the daily signal showing an upswing suggests that the CROUSD market can expand once more. Given this, the crypto price may increase in the upcoming days to reach a supply value of $0.260 in the long run.

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

In the medium-term perspective, the Cronos market exhibits a steady rise across the critical level, indicating that it is once again time to buy.

The coin is showing bullish momentum, moving in the direction of the upper barrier.

A strong rising trajectory is indicated by the price’s proximity to the higher resistance level above the EMA-50, indicating a bullish trend.

Today, buyers have consistently defended the $0.196 region, creating a strong resistance zone.

A key resistance now appears at $0.230 above the moving average, suggesting an encouraging growth on the 4-hourly chart.

In the meantime, if the bulls can boost the buying momentum and raise the coin prices above the present supply levels, the CROUSD price will rise, supporting buyers for a long-term rally.

In a similar vein, the Cronos market expects more growth as indicated by the daily signal. Given this, it is unlikely that the selling pressure would persist.

Therefore, in the coming days, the crypto price may rise and hit the $0.360 upper high value in its lower time period.

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