Cronos Price Prediction for Today, June 19: CRO/USD Touches $0.054 Resistance

Updated: 27 June 2023

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The Cronos price prediction shows that CRO is likely to cross above the 9-day moving average where it can start the bullish movement.

Cronos Prediction Statistics Data:

Cronos price now – $0.054
Cronos market cap – $1 billion
Cronos circulating supply – 25.2 billion
Cronos total supply – 30.2 million
Cronos Coinmarketcap ranking – #35

CRO/USD Market

Key Levels:

Resistance levels: $0.070, $0.075, $0.080

Support levels: $0.040, $0.035, $0.030

Cronos Price Prediction for Today, June 18: CRO/USD Touches $0.054 Resistance — CROUSD – Daily Chart

CRO/USD is currently exchanging hands at $0.054 after touching the daily high and consolidating below the 9-day and 21-day moving averages. Meanwhile, the Cronos price may need to stay above the moving averages for the long-term technical picture of the coin.

Cronos Price Prediction: CRO/USD Ready for the Upside

The Cronos price regains back toward the 9-day moving average as any bearish movement toward the south may bring the coin under the lower boundary of the channel; this could later hit the support levels at $0.040, $0.035, and $0.030. On the upside, a sustained bullish movement above the 21-day moving average may create more strength for the coin, which could push the Cronos price to the resistance levels of $0.070, $0.075, and $0.080 respectively.

At the moment, the technical indicator Relative Strength Index (14) is facing the 50-level, which indicates that the market may go bullishly. Looking at the daily chart, there may be a need for support to be formed around $0.040 and $0.035 to provide tight protection which could allow the buyers to concentrate on stirring action to the north.

Against Bitcoin, the Cronos price may cross above the 9-day moving average to touch the daily high at 220 SAT. However, if the coin heads toward the upper boundary of the channel, it could hit another resistance level of 230 SAT while the technical indicator Relative Strength Index (14) may cross above the 40-level.

However, if the bulls succeeded in breaking to the upside, the CRO price may hit the potential resistance level at 235 SAT and above. On the contrary, any bearish move below the lower boundary of the channel could bring the price to the support level of 175 SAT and below.

Alternatives to Cronos

The Cronos price is moving bearishly, if the bulls manage to push the market price above the 9-day and 21-day moving averages; the coin may likely create additional gains. Meanwhile, if the market begins to experience bearish movement, it could hit the nearest support below the lower boundary of the channel.

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