Is It Too Late To Buy CRO? Cronos Price Skyrockets 42% And This Might Be The Next Crypto To Explode

The Cronos price has skyrocketed 42% in the last 24 hours to trade at $0.1992 as of 3:30 a.m. EST on trading volume that soared 344% to $1.2 billion.

Cronos Price May Continue The Uptrend

The Cronos price action on the 1-hour timeframe highlights a bullish trend, supported by a recent moving average crossover.

This “golden cross” occurred when the 50-period moving average crossed above the 200-period moving average, signaling that short-term momentum has shifted upward. The price gained momentum following this crossover, pushing higher in a strong uptrend.

CROUSDT Analysis Source: Tradingview

A parabolic curve, illustrated by the yellow dotted lines, is also visible, showing the rapid upward momentum in the price trend. This parabolic movement often indicates strong buying pressure, with prices accelerating steeply upward. However, such curves may also suggest that the price is moving quickly, and caution is warranted in case of a potential retracement.

Currently, the price hovers around $0.19930, with notable support and resistance levels nearby. The price recently faced resistance at approximately $0.22, leading to some consolidation, while a strong support level lies around $0.15347.

This support level aligns with the green line, marking a solid base if the price retraces. An additional support zone near $0.10474 aligns with the 200-period moving average, providing further stability below the main support level.

Cronos Price Technicals Signal Bullish Rally Ahead

The RSI (Relative Strength Index) is at 59.07, slightly below the overbought threshold of 70. This level suggests there is room for further upward movement if buying pressure continues, as the asset is not yet overbought territory.

A previous peak on the RSI around 71.53 coincides with the recent price peak, signaling strong bullish momentum that could persist as long as the RSI remains above the 50 level.

The green arrows on the chart indicate an anticipated continuation of the uptrend, provided that the parabolic trend and buying momentum remain strong. A breakout above the $0.22 resistance level could push the price into a new bullish phase.

However, if the price falls below the $0.15347 support level, it may signal a potential retest of the $0.10474 support zone. The chart structure supports a bullish outlook, but monitoring key support and resistance levels remains essential.

Flockerz Presale Crashes Past $1.5 Million – Next Crypto To Explode?

As the Cronos price maintains its bullish stance, so does Flockerz (FLOCK), a vote-to-earn (V2E) project that has just crashed past $1.5 million in its presale.

The popular YouTube channel 99Bitcoins, with over 706K subscribers, says FLOCK might 100x after its launch.

Flockerz is a unique meme coin that lets its community, known as “The Flock,” guide the project’s future. When token holders vote on key decisions, they earn FLOCK tokens as rewards.

Shout out to The Flock!!!🔥

We just flocking hit 1.5m! The flock is indeed the best community in crypto right now, we are excited for what's to come!🐦👑 pic.twitter.com/wWHXmTMHET

— Flockerz (@FlockerzToken) November 12, 2024

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