Cronos Price Prediction for Today, November 7 – CRO Technical Analysis

The Cronos price prediction shows that CRO may stay above the 9-day and 21-day moving averages to continue the bullish movement.

Cronos Prediction Statistics Data:

• Cronos price now – $0.083
• Cronos market cap – $2 billion
• Cronos circulating supply – 25.2 billion
• Cronos total supply – 30.2 million
• Cronos Coinmarketcap ranking – #29

CRO/USD Market

Key Levels:

Resistance levels: $0.100, $0.105, $0.110

Support levels: $0.065, $0.060, $0.055

CRO/USD is currently exchanging hands at $0.083 after touching the daily high at $0.088 above the upper boundary of the channel. Meanwhile, the market price not staying above the channel ruins the long-term technical picture of the coin.

Cronos Price Prediction: What Could Be the Next Direction for Cronos?

The Cronos price may need to reclaim the resistance level of $0.088 as any bearish movement toward the south could bring the coin below the daily low at $0.073; this could later hit the support levels at $0.065, $0.060, and $0.055. On the upside, a sustained bullish movement above the channel may create more strength for the coin, which could push the Cronos price to the resistance levels of $0.100, $0.110, and $0.105 respectively.

At the moment, the 9-day MA keeps hovering above the 21-day MA, which indicates that the market may continue to follow the bullish movement. Looking at the daily chart, there may be a need for support to be formed around $0.075 and $0.070 to provide tight protection which could allow the buyers to concentrate on stirring action to the north.

CRO/BTC Goes Bullishly

Against Bitcoin, the Cronos price crosses above the upper boundary of the channel to touch the daily high at 274 SAT. However, if the coin continues to trade bullishly, it could hit the nearest resistance level of 280 SAT while the bulls keep dominating the market.

Meanwhile, if the bulls succeed in breaking and staying above the upper boundary of the channel, the CRO price may hit the potential resistance level at 300 SAT and above. On the contrary, any bearish movement below the lower boundary of the channel could bring the price to the support level of 180 SAT and below.

Cronos Alternatives

The Cronos price is currently holding the ground above the 9-day and 21-day moving averages after a major recovery from the low of $0.073. This shows that buyers may continue to have the upper hand in the price movement, and they could easily push the coin toward the potential resistance level of $0.085. In other words, if the buying action fails to break above the upper boundary of the channel, the coin could instead settle for consolidation.

In the meantime, when evaluating investment options, it’s prudent to contrast the well-established Cronos coin, ranking 29th with a market cap of $2 billion, with the emerging Bitcoin Minetrix token. Although Cronos holds a solid position, Bitcoin Minetrix has demonstrated remarkable potential by raising approximately $3.70 million in its ongoing presale, indicating strong early investor support. This positions Bitcoin Minetrix as a notable competitor, with the potential for rapid growth, possibly surpassing more established cryptocurrencies like Cronos.