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The Cronos price has surged 13% in the last 24 hours to trade at $0.08326 as of 7:20 a.m. EST on a 756% pump in trading volume to $190 million.
The sharp rally in the CRO price follows the unveiling of the Cronos POS V5 upgrade proposal, which outlines a strategic plan to accelerate institutional adoption, support AI-driven innovation, and lay the groundwork for a $CRO Exchange-Traded Fund (ETF).
Today, an ambitious proposal was published for voting on the Cronos POS governance forum.
The community is invited to vote on a bold plan to restore Cronos' Golden Age, with a massive investment allocated to support Cronos Roadmap (incl. its ETF) and America’s ambition to become… pic.twitter.com/7i06DnTx7T— Cronos (@cronos_chain) March 3, 2025
The plan includes allocating 70 billion $CRO to a Strategic Reserve, restoring the total supply to 100 billion. The upgrade requires validator and full-node updates, with governance voting to decide its fate.
If approved, the V5 upgrade could drive institutional adoption, fuel AI-powered blockchain innovation, and support a $CRO ETF submission, potentially sustaining bullish momentum.
Cronos Price Breaks Out of Bearish Trend: A Bullish Reversal In Play?
Cronos price has made a huge bullish move, breaking out of a prolonged bearish trend that had kept the price suppressed since early February.
The price had been moving within a downward-sloping parallel channel, reflecting consistent selling pressure. However, a rounded bottom formation started to take shape towards the end of February, signalling a potential reversal.
The breakout from this formation was confirmed when CRO surged past the key resistance level at $0.083, leading to a sharp rally that pushed the price to a high of $0.096 before experiencing a minor pullback.
Currently, CRO is trading at $0.08386, testing a crucial support zone. The next major resistance level is at $0.08725, which needs to be broken for further upside momentum.
If the price sustains above this level, it could trigger an extended rally toward $0.11 and potentially $0.13, marking a full bullish reversal.
CROUSDT Analysis Source: Tradingview
On the downside, the key support level remains at $0.06905, which could act as a strong demand zone if the price faces rejection at resistance levels. A retest of this support would still keep the bullish structure intact as long as buyers defend it successfully.
The Relative Strength Index (RSI) is currently at 63.18, indicating strong buying pressure. However, as the RSI approaches the overbought threshold of 70, there is a possibility of a short-term correction or consolidation before further upward movement.
If the RSI cools off while the price holds above support, it would be a healthy sign for a continuation of the uptrend.
CRO has entered a bullish phase after months of downward movement. The breakout from the bearish trend and rounded bottom formation suggests strong upside potential.
If bulls maintain control, CRO could see further gains in the coming days, with key targets at $0.11 and $0.13. However, if a pullback occurs, a retest of $0.07 could provide another buying opportunity before the next upward leg.
BTC Bull Token Presale Surges Past $3.1 Million – Best Crypto To Buy Now?
As the Cronos price gears for another bullish momentum, investors are flocking to a new meme coin called BTC Bull Token (BTCBULL), which has just surged past $3.1 million in presale.
BTC Bull Token ($BTCBULL) is a Bitcoin-inspired meme coin designed to support Bitcoin’s journey to $1 million per coin and beyond.
Investors who hold BTCBULL tokens in Best Wallet can receive free Bitcoin airdrops whenever BTC reaches key price milestones. The first airdrop is triggered at $150K, with additional rewards for every $50K increase thereafter.
BTCBULL has breached the system. Bitcoin is here to stay. ⚡ $CTX $PRQ $SPA pic.twitter.com/1ri7pxPFD8
— Nadeem632 (@Nadeem6321) February 24, 2025
BTCBULL will also undergo periodic token burns, starting at $125K and continuing with every $50K increase in the Bitcoin price. The burns will put upward pressure on the BTCBULL price.
Holders can also stake BTCBULL tokens and earn a huge 136% annual return, making it an attractive option for passive income.
Crypto analyst and YouTuber Alessandro De Crypto, with over 14.4K subscribers, says he’s bought BTCBULL and believes it has the potential for massive gains.
BTC Bull Token is currently priced at $0.00239 and can be purchased using a bank card or cryptocurrency.
Secure the best deal before a price hike in about 20 hours.
Check out BTC Bull Token on the official website.
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