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CRO Price Bounces Up at $0.100 Level, TAMA Goes Live on OKX

CRO Price Bounces Up at $0.100 Level, TAMA Goes Live on OKX
CRO Price Bounces Up at $0.100 Level, TAMA Goes Live on OKX

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The price action has formed Double bottom in Cronos market

CRO/USD Price Analysis September 24

The breaking up of the $0.130 resistance level may push up the CRO to penetrate $0.141 and the price will target the resistance levels at $0.157. The inability to break up the resistance at $0.130 level may decrease the price towards the support levels at $0.110, $0.100, and $0.091.

CRO/USD Market:

Key Levels:

Resistance zone: $0.130, $0.141, $0.157

Support zone: $0.110, $0.100, $0.091

CRO/USD Price Long-term Trend: Bullish

The bearish trend that started on August 14 was terminated at the support zone of $0.100. In other words, CRO bottomed at $0.100. The full presence of the bulls is noticed when a strong bullish engulfing candle is formed. The price advanced towards the resistance level of $0.110. The price action has formed double bottom chart pattern on the daily chart.

At present, the daily bullish candles formed above $0.110 level is an indication that the bullish movement may continue. The coin has broken up the 21-day EMA and 9-day EMA upside. The breaking up of the $0.130 resistance level may push up the price to penetrate $0.141 and the price will target the resistance levels at $0.157. The inability to break up the resistance at $0.130 level may decrease the price towards the support levels at $0.110, $0.100, and $0.091. Meanwhile, the Relative Strength Index period 14 is raising above 50 levels indicate a buy signal.

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CRO/USD Medium-term Trend: Bullish, TAMA Goes Live on OKX

CRO is also bullish on the 4-Hour chart. CRO price declined to the support zone of $0.100 last week but the bears were unable to push down the coin further due to the low momentum coupled with the strong support zone.

The price reverses when the bulls interrupted the bearish trend. The resistance level of $0.110 was penetrated upside. The price is above the 21-day EMA and the 9-day EMA with the two EMAs well distance from the EMAs. The relative strength index period 14 is at 60 levels with the signal line point up to indicate an increase of CRO price.

Stay tuned to the crypto news feed here at InsideBitcoins for more updates on Tamadoge’s first exchange listing as the Sept 27th listing date approaches. The OKX website has announced that TAMA withdrawals will be open at 13:00 UTC on the day of the listing.

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