Cronos Price Prediction for Today, October 7: CRO/USD Rejected at $0.109

The Cronos (CRO) price prediction may continue to follow a bearish movement if the coin moves near the support level of $0.100 level.

Cronos Prediction Statistics Data:

• Cronos price now – $0.107
• Cronos market cap – $2.6 billion
• Cronos circulating supply – 25.2 billion
• Cronos total supply – 30.2 million
• Cronos Coinmarketcap ranking – #27

CRO/USD Market

Key Levels:

Resistance levels: $0.130, $0.135, $0.140

Support levels: $0.090, $0.085, $0.080

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CRO/USD is heading towards the lower boundary of the channel as the coin dives below the 9-day and 21-day moving averages. However, the technical indicator Relative Strength Index (14) moves to cross below the 50-level. Meanwhile, a decreasing volume index also suggests a breakdown, but the Cronos price may experience a heavy downtrend if the coin crosses below the $0.107 support.

Cronos Price Prediction: Cronos (CRO) May Head to the Downside

The Cronos price is moving below the 9-day and 21-day moving averages as the nearest support is expected at $0.100. The Relative Strength Index (14) continues to flash a sell signal which may be adding weight to the bearish outlook as the signal line moves to cross below the 40-level.

Moreover, should in case the daily bearish candle closes below the current market level at $0.107, there is a high probability that the price may reach the support levels of $0.090, $0.085, and $0.080. Meanwhile, if the bulls push the price above the upper boundary of the channel, it could reach the resistance levels of $0.130, $0.135, and $0.140 respectively.

Against Bitcoin, traders can see that the Cronos price has been bearish in the past few days. At the time of writing, the coin is trading below the 9-day and 21-day moving averages. Breaking below the lower boundary of the channel could drag the market to the nearest support level at 500 SAT and below. The Relative Strength Index (14) is moving above the 40-level; possible sideways movement is likely if it continues to move in the same direction.

However, CRO/BTC is currently changing hands at 550 SAT but if the bulls can push it above the 9-day and 21-day moving averages, the next key resistance could be at 600 SAT and above.

Read more: 

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