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Bulls are dominating Cronos market
CRO/USD Price Analysis October 26
The resistance level of $0.12 and $0.13 may be reached provided bulls exert more pressure to break up $0.11 level. Failure to break up the resistance level at $0.11 level may decrease Cronos towards the support levels at $0.10, $0.09, and $0.08.
CRO/USD Market:
Key Levels:
Resistance zone: 0.11, $0.12, $0.13
Support zone: $0.10, $0.09, $0.08
CRO/USD Price Long-term Trend: Bullish
Cronos is bullish on the daily time frame. The crypto was bearish last week. The bearish momentum started few weeks ago. On September 19, it tested support level of $0.10 and retraced towards the resistance level of $0.12. Sellers exert more pressure and the price decline further to $0.09 support level. Bulls opposed the bearish movement with the formation of big pin bar candle, which is an indication that buyers are ready to dominate market. The price is currently heading towards north.
The bullish momentum is increasing as strong bullish daily candle is produced today. The coin is trading above 21-day EMA and 9-day EMA. The resistance level of $0.12 and $0.13 may be reached provided bulls exert more pressure to break up $0.11 level. Failure to break up the resistance level at $0.11 level may decrease the price towards the support levels at $0.10, $0.09, and $0.08. Meanwhile, the Relative Strength Index period 14 is at 59 levels indicate a buy signal.
CRO/USD Medium-term Trend: Bullish
CRO is also bullish on the 4-Hour chart. The coin has been under the sellers for many weeks. Bearish pressure placed the coin at the low of $0.09 but unable to break down the level. A big strong Doji candle formed and this triggers a bullish trend. The price broke up $0.11 resistance level.
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 75 levels with the signal line point up to indicate an increase of CRO price.
Each token of IMPT is currently traded for $0.018; this is the first phase of the IMPT presale. At the second phase the Impact tokens, it will be sold at $0.023 each. By the third stage, with high expectation the asset’s price may break the net.
The Dash 2 Trade presale experienced a shining beginning, in a short period of time it has raised in excess of $2m. At the beginning it was $0.0476, that is first stage, and currently it has increased to $0.05. The price may increase to $0.0513 at the third stage of the presale.
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