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For the past few days, the Cronos price prediction has been unable to develop bullish momentum above the $0.080 resistance level.
Cronos Prediction Statistics Data:
- Cronos price now – $0.069
- Cronos market cap – $1.72 billion
- Cronos circulating supply – 25.2 billion
- Cronos total supply – 30.2 million
- Cronos Coinmarketcap ranking – #34
CRO/USD Market
Key Levels:
Resistance levels: $0.090, $0.100, $0.110
Support levels: $0.050, $0.040, $0.030
CRO/USD is bullish as the market retraced to the $0.069 level and currently prepares to move higher again. Therefore, traders expect the Cronos price to move higher later and push toward the $0.100 level. Therefore, CRO/USD must rise to the next target above the 9-day and 21-day moving averages in the next 24 hours.
Cronos Price Prediction: What Could be the Next Direction for Cronos?
If the bulls manage to keep the Cronos price above the 9-day and 21-day moving averages; they may likely find the resistance levels of $0.090, $0.100, and $0.110. Meanwhile, if the market begins to experience bearish movement, it may likely hit the nearest support below the lower boundary of the channel and a further drop could pull the market to $0.050, $0.040, and $0.030 supports. However, the technical indicator Relative Strength Index (14) is slowly moving below the 50-level, suggesting sideways movement.
When compares with Bitcoin, the Cronos price is still pointing down based on the technical indicator, although price movement below the 9-day and 21-day moving averages has been bearish. Therefore, if the selling pressure continues, the Cronos price volatility is likely to create a new low in the coming trading days.
At this time, the technical indicator Relative Strength Index (14) is hovering within the oversold region; traders may continue to see negative market movement soon if the sellers increase the selling pressure and can also expect close support at 220 SAT if the market price dip below the lower boundary of the channel to reach critical support at 200 SAT and below.
However, when an upward movement occurs and confirms a breakout well above the 9-day and 21-day moving averages; traders can then confirm a bull run for the market, and the next resistance level could be located at 300 SAT and above.
Alternatives to Cronos
The Cronos price resumes back in the middle of consolidation after a slight rise toward the 9-day and 21-day moving averages. However, the Cronos (CRO) may need to rise and break above the moving averages before resuming the previous bullish trend. Meanwhile, Love Hate Inu has proved to be one of the most promising tokens targeting the gaps in the Move-to-Earn industry which could provide a customer-driven approach raising almost $2 million in the ongoing presale.
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