Signal price

CRO/USD breaks below the $1100 level

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The Cronos price prediction reveals that CRO moving to a crucial support level could determine where the coin will go next.

Cronos forecast statistical data:

  • Cronos Price Now – $0.1085
  • Cronos Market Cap – $2.7 billion
  • Cronos circulating supply – 25.2 billion
  • Total supply of Cronos – 30.2 billion
  • Coinmarketcap Cronos Ranking – #26

CRO/USD market

Key levels:

Resistance levels: $0.130, $0.135, $0.140

Support Levels: $0.095, $0.085, $0.080

CRO/USD is currently following the downtrend as the coin breaks below the 9-day and 21-day moving averages. Cronos price has yet to create a new high above the upper boundary of the channel. However, if the selling pressure increases, Cronos (CRO) could most likely remain bearish and create additional red candles.

Cronos Price Prediction: Cronos (CRO) May Go Lower

According to the daily chart, Cronos price is hovering above the 9-day and 21-day moving averages and the increase in selling pressure might lead the coin to touch a new low at $0.106. However, if the red line of the 9-day moving average remains below the green line of the 21-day moving average, the price of Cronos could decline. If the technical indicator Relative Strength Index (14) breaks below the 50 level, it is likely that the Cronos price locates the supports at $0.095, $0.085 and $0.080.

However, if the buyers manage to push the coin higher, a slight bullish move could lead Cronos price to break through the upper boundary of the channel, which could reach the resistance levels of $0.130, $0.135 and $0.140. More so, if the Cronos price fails to stay above the moving averages, it could spell trouble for the crypto.

Against BTC, Cronos price is pulling back below the resistance level of 568 SAT and the current market movement shows that the bears are likely to play. The Relative Strength Index (14) technical indicator remains above the 50 level, suggesting a sideways move.

CROBTC – Daily Chart

However, looking at the technical indicator, the Cronos price may continue to signal downward movement and with this, sellers may take the market to the support level of 500 SAT and below. On the contrary, if the buyers hold the current market price and keep the coin to break through the upper boundary of the channel, the resistance level of 650 SAT and above might be reached.

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