Cronos Price Prediction for Today, November 06: CRO Is Targeting $0.13 Level

Updated: 06 November 2022

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.

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Bulls are dominating Cronos market

CRO/USD Price Analysis November 06

A close of daily bullish candle above $0.12 resistance level may push the price to $0.13 and $0.14 resistance levels. Inability to break up the resistance level at $0.11 level may send Cronos to the support levels at $0.11, $0.10, and $0.09.

CRO/USD Market:

Key Levels:

Resistance zone $0.12, $0.13, $0.14

Support zone: 0.11, $0.10, $0.09

CRO/USD Price Long-term Trend: Bullish

Cronos is bullish on the daily time frame. The crypto has formed a long “W” chart pattern; this is a bullish signal to the traders. The low of $0.09 is tested and a daily candle pattern formed on 13 October is a strong Pin Bar. The bullish movement was triggered and the resistance level of $0.10 and $0.11 is broken upside. Today, the resistance level of $0.13 is tested. The coin is currently pulling back to retest $0.12 level. Further price increase envisaged.

The strong bullish daily candle is produced today indicating an increase in the bullish momentum. The coin is trading above 21-day EMA and 9-day EMA. A close of daily bullish candle above $0.12 resistance level may push the price to $0.13 and $0.14 resistance levels. Inability to break up the resistance level at $0.11 level may send the price to the support levels at $0.11, $0.10, and $0.09. The Relative Strength Index period 14 is at 68 levels indicate a buy signal.

CRO/USD Medium-term Trend: Bullish

CRO is also bullish on the 4-Hour chart. A bearish pressure placed the coin at the low of $0.09 on 13 October but unable to break down the level. A big pin bar candle formed at the same level triggered a bullish trend. At the moment, the price is targeting the resistance level of $0.13.

The dynamic resistance level is penetrated upside. The price is above the 21-day EMA and the 9-day EMA with the two EMAs well distance from the price. The relative strength index period 14 is at 74 levels with the signal line point up to indicate an increase of CRO price.

The IMPT Presale Is Ongoing

The IMPT presale continues with a worth of over $12m realized within a few weeks. The Impact Project is to ameliorate the carbon behavior in the environment. It acts as an intermediary between the ESG industry and the crypto world.