Cronos (CROUSD) Suggests a Potential Buy Signal

Cronos (CROUSD) Price Forecast: August 27

The CROUSD pair suggests a potential buy signal today. The cryptocurrency market is moving closer to the upper channel as the bulls rekindled their bullish impetus. The current resistance level of $0.211 may not hold if the bulls continue their pressure; instead, it may extend to an upper high level of $0.220 and beyond, indicating 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)

Cronos market turns positive today. The coin price suggests a potential buy signal on the daily chart as it approaches the upper resistance level, suggesting bullish momentum.
The pair remains a good buy at the $0.211 current high level. However, the price action is very likely to continue moving upwards as we are seeing a strong turnout of buyers.

The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.

With sustained buying, the CROUSD price suggests a potential buy signal as it challenged another resistance zone of $0.211 above the moving averages, indicating buyers’ attempt to prolong the bullish rally.

Meanwhile, additional efforts by the bulls could retain the token price above the current supply, resulting in an increase in the market value.

Additionally, the Cronos market eyes a new high as indicated by the daily projector.

As a result, buyers may push the coin further to a significant level, and in this case, the target might be the $0.220 supply level, suggesting a potential buy signal in the higher time frame.

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

The Cronos prices are gaining traction above the moving averages, suggesting a potential buy signal in its medium-term outlook.
The pair is in a smooth uptrend as seen from the chart below, and has confirmed a strong bullish momentum, breaking its previous high.

Pressure from the bulls at the $0.198 high value in the previous action has enabled the coin price to suggest a potential buy signal and sustain the upward stability in its recent high.

Today, the CROUSD price suggests a potential buy signal as it rises to a $0.209 high level above the moving averages shortly after the commencement of the 4-hourly chart due to a high bullish impact on the market price.

This makes it possible for the coin to remain positive and suggests a BUY position.

Notably, the technical indicator pointing upward indicates that the Cronos market has more upside potential.

Thus, the cryptocurrency market is predicted to continue to gain strength, which might lead to the pair hitting the upper resistance level of $0.220 in the next days.

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