- Cronos altcoin is targeting $1.51, potentially yielding over 1,100% gains in the next major bull cycle.
- Weekly price action above EMA55 with bullish volume suggests a strong long-term accumulation phase.
When it comes to coins that haven’t performed optimally in the current bull run, Cronos (CRO) altcoin is clearly at the top of the list. According to Master Ananda’s analysis, all the classic signals on the weekly chart are present: the price is firmly above the 55-day moving average (EMA), buying volume is dominating, and the weekly candlesticks are starting to form a pattern similar to the early price boom of 2021.
The only difference is that this time he’s using a linear chart, whereas to see the full potential, a logarithmic chart should be used—because the price target is so attractive.
Cronos Altcoin Sets Sights on $1.51 With Rally Momentum Building
According to Ananda, the next all-time high target is around $1.51. That means there’s a potential upside of around 1,140% from the current price. But as always, great potential comes with its own challenges. One of them? When to take profits. The higher the price rises, the more traders begin to doubt when to exit.
Ananda cautions, “Profits are only valid if you actually sell.” And if CRO has risen 500% or even 1,000%, he suggests starting to secure some. This doesn’t mean you have to sell everything, but having a plan is essential—it depends on your personal goals and trading style.
On the other hand, the current price is still considered “cheap” compared to its peak. At press time, the altcoin is changing hands at about $0.1248, up 1.92% in the last 24 hours and nearly 16% in a week. This surge aligns with positive sentiment following the announcement that the token would be included in the “Crypto Blue Chip ETF” proposed by Trump Media.
Although the ETF has not yet been approved by the SEC, the planned 5% allocation to CRO and the appointment of Crypto.com as custodian are enough to make traders speculate about the potential for large inflows of funds from institutions. Furthermore, discussions about the rollback of SAB 121 have made market participants even more optimistic.
Crypto.com Expands Institutional and Retail Reach Globally
CRO isn’t just rising due to technical factors alone. Its fundamentals are also booming. Last May, Crypto.com partnered with Canary Capital to launch the Canary CRO Trust in the United States. Through this product, accredited investors can gain exposure to CRO tokens without having to directly hold the crypto. This is a shortcut for institutions that don’t want the hassle of managing private keys.
Furthermore, Crypto.com Custody has also started supporting institutional staking on the TON blockchain since early July. It’s not just about storing assets, but also providing access to a secure and integrated asset management and staking system.
The TON Foundation’s participation demonstrates their ecosystem’s commitment to a broader institutional footprint. Furthermore, two weeks ago, CNF reported that Emirates Airline was preparing to integrate the Crypto.com Pay service. This means customers can purchase tickets using Bitcoin and other cryptos.
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