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Cronos Price Prediction for Today, October 18: CRO/USD Goes Below $1100 Level

Cronos Price Prediction for Today, October 18: CRO/USD Goes Below $1100 Leve
Cronos Price Prediction for Today, October 18: CRO/USD Goes Below $1100 Leve

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The Cronos price prediction reveals that CRO moving at a crucial support level could determine where the coin will be going next.

Cronos Prediction Statistics Data:

  • Cronos price now – $0.1085
  • Cronos market cap – $2.7 billion
  • Cronos circulating supply – 25.2 billion
  • Cronos total supply – 30.2 billion
  • Cronos Coinmarketcap ranking – #26

CRO/USD Market

Key Levels:

Resistance levels: $0.130, $0.135, $0.140

Support levels: $0.095, $0.085, $0.080

CRO/USD is at the moment following the downtrend as the coin moves to cross below the 9-day and 21-day moving averages. The Cronos price is yet to create a new high above the upper boundary of the channel. However, if the selling pressure increases, Cronos (CRO) could most likely remain bearish and may create additional red candles.

Cronos Price Prediction: Cronos (CRO) May Go More Lower

According to the daily chart, the Cronos price is hovering above the 9-day and 21-day moving averages and the increase in selling pressure could bring the coin to touch a new low at $0.106. However, if the red line of the 9-day moving average remains below the green line of the 21-day moving average, the price of Cronos could go lower. If the technical indicator Relative Strength Index (14) crosses below the 50-level, it is likely for the Cronos price to locate the supports at $0.095, $0.085, and $0.080

However, should in case the buyers manage to push the coin upward, a slight bullish movement could take the Cronos price to cross above the upper boundary of the channel which could hit the resistance levels of $0.130, $0.135, and $0.140. More so, if the Cronos price failed to stay above the moving averages, this could spell trouble for the crypto.

When compares with BTC, the Cronos price retreats below the resistance level of 568 SAT and the current market movement shows that bears are likely to play out. The technical indicator Relative Strength Index (14) remains above the 50-level, suggesting sideways movement.

CROBTC – Daily Chart

However, looking at the technical indicator, the Cronos price may continue to signal a downward movement and with this, sellers can take the market to the support level of 500 SAT and below. On the contrary, if the buyers hold the current market price and keep the coin to cross above the upper boundary of the channel, the resistance level of 650 SAT and above could be reached.

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