Cronos Price Prediction for Today, December 1 – CRO Technical Analysis

The Cronos price prediction shows that CRO could set a bullish run if the market can attempt to climb above the moving averages.

Cronos Prediction Statistics Data:

• Cronos price now – $0.085
• Cronos market cap – $2.3 billion
• Cronos circulating supply – $25.3 billion
• Cronos total supply – $30.2 million
• Cronos CoinMarketCap ranking – #29

CRO/USD Market

Key Levels:

Resistance levels: $0.125, $0.130, $0.135

Support levels: $0.050, $0.045, $0.040

At the time of writing, CRO/USD is seen moving toward the resistance level of $0.100 with a price growth of 1.97%. For the fact that the coin is recording some gain, the Cronos price may begin to follow the bullish movement within the channel. Therefore, traders can expect the price to continue to rise if the bulls put more pressure on the market.

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

If the Cronos price keeps hovering below the 9-day and 21-day moving averages, the market price could face the lower boundary of the channel. But if the price heads toward the upper boundary of the channel, traders can then expect a bullish continuation toward the upside. Meanwhile, if the buyers increase the buying pressure within the market, the possible resistance levels could be found at $0.125, $0.130, and $0.135.

However, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, CRO/USD can still drop below the lower boundary of the channel, and, a bearish extension could roll the coin to the long-term support at $0.050, $0.045, and $0.040.

CRO/BTC Could Trade Bullishly

Against Bitcoin, the Cronos price begins to follow the bullish movement but if the coin crosses above the 9-day and 21-day moving averages, it could hit the nearest resistance level of 250 SAT. However, any further bullish movement toward the upper boundary of the channel may cause an upsurge in the market.  At the moment, Cronos (CRO) is trading at 235 SAT. Therefore, sliding below the moving averages could hit the support at 170 SAT and below.

Nonetheless, if the bullish movement continues; buyers can confirm a bull run for the coin and the closest resistance may be located at 300 SAT and above. Therefore, the 9-day MA may also need to cross above the 21-day MA as this may confirm the bullish movement within the channel.

Alternatives to Cronos

Currently, the Cronos price remains below both the 9-day and 21-day moving averages, following a peak at the daily high of $0.098 resistance. This suggests that buyers maintain control over the price dynamics, potentially steering the coin toward the notable resistance level of $0.100. Conversely, if buying momentum struggles to surpass the moving averages, there is a likelihood that IMX/USD might opt for a consolidation phase instead.

Nevertheless, comparing the well-established Cronos coin with the emerging Bitcoin Minetrix token, which has raised nearly $4.7 million in its ongoing presale, the Cronos (CRO) holds a solid position, and Bitcoin Minetrix demonstrates remarkable potential, positioning itself as a notable competitor with the possibility of surpassing more established cryptocurrencies like Cronos. Keep an eye on this promising newcomer in the crypto space!