Cronos Price Prediction for Today, August 29

Cronos Price Prediction for Today, August 29 – CRO Technical Analysis

Updated: 29 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Cronos price prediction may lose ground toward $0.050, but the recovery above $0.060 could help mitigate the initial pressure.

Cronos Prediction Statistics Data:

Cronos price now – $0.052
Cronos market cap – $1.3 billion
Cronos circulating supply – 25.6 billion
Cronos total supply – 30.2 billion
Cronos Coinmarketcap ranking – #35

CRO/USD Market

Key Levels:

Resistance levels: $0.065, $0.070, $0.075

Support levels: $0.040, $0.035, $0.030

Cronos Price Prediction for Today, August 28 - CRO Technical Analysis — CROUSD – Daily Chart

At the time of writing, CRO/USD displays just enough power to defend the support at $0.051. However, all the attempts made towards recovery to prevent the coin from falling below $0.050 may bow to the selling activity under the 9-day and 21-day moving averages. Now, the Cronos price is hovering at $0.052 after touching the daily high of $0.056. In the short term, bearish momentum is very likely especially if the bulls fail to hold the price above $0.055 and the nearest support at $0.051 may be broken.

Cronos Price Prediction: What could be the Next Move for CRO?

The Cronos price would need to rise and break above the 9-day and 21-day moving averages, but if the sellers push lower, traders can expect very strong support at $0.050; this could then be followed up with support at $0.045. If the bears push further below this support, then additional supports may be located at $0.040, $0.035, and $0.030.

On the other hand, if the buyers regroup and rebound from the current market value of $0.052, the first level of resistance lies at $0.060. This could then be followed by the resistance levels of $0.065, $0.070, and $0.075 while the Relative Strength Index (14) remains above the 40-level to indicate indecision within the market.

CRO/BTC Spikes to the North

Against Bitcoin, the Cronos price keeps trading as the coin moves to cross above the upper boundary of the channel. However, CRO/BTC is currently trading at 202 SAT, as the coin retreats from the daily high at 210 SAT. Meanwhile, if the price drops below the 9-day and 21-day moving averages, the next support may come at 185 SAT and below.

Moreover, the continuation of bullish movement could push the market to cross above the channel, any further bullish movement could locate the resistance level of 220 SAT and above as the Relative Strength Index (14) moves to cross above the 60-level which could create additional bullish signals within the market.

Cronos Alternatives

The Cronos price undergoes a much-needed break to the positive side as the market opens today. The Cronos price is currently posting gains as the coin touches the daily high at $0.056 within the chart. However, as the coin moves near the upper boundary of the channel, it could hit the nearest resistance level at $0.060.

In the meantime, as the presale edges towards its conclusion, Wall Street Memes (WSM) is ready to leverage this surge in momentum for its official launch. With the token’s momentum picking up, it has quickly drawn the focus of investors, raising over $25 million in the presale.

New OKX Listing - Wall Street Memes

Rating