CRO/USD Looks Promising as Price Hits $0.060

The Cronos price prediction shows that CRO is facing the north because of a recent recovery above the 9-day moving average.

Cronos Prediction Statistics Data:

• Cronos price now – $0.060
• Cronos market cap – $1.5 billion
• Cronos circulating supply – 25.26 billion
• Cronos total supply – 30.2 million
• Cronos Coinmarketcap ranking – #28

CRO/USD Market

Key Levels:

Resistance levels: $0.095, $0.105, $0.115

Support levels: $0.035, $0.025, $0.015

CRO/USD is ranging as the coin moves to cross above the 21-day moving average trading around $0.060. Meanwhile, the Cronos price could maintain the upward movement if the buyers increase the pressure.

Cronos Price Prediction: Can CRO Decline Below $0.060 Level?

The Cronos price is moving sideways, and with all indications, the coin is likely to follow the downtrend if it crosses below the 9-day moving average. However, the red line of the 9-day MA is still below the green line of the 21-day moving average which can still keep the coin on the downside. Therefore, any bearish movement towards the lower boundary of the channel may increase the short-term selling pressure, while the next supports could be found around $0.035, $0.025, and $0.015.

For the moment, if the Cronos price continues with the bullish movement, it is likely to meet the nearest resistance at $0.080 and any further bullish movement above the upper boundary of the channel may locate the next resistance levels at $0.095, $0.105, and $0.115. Similarly, the technical indicator Relative Strength Index (14) crosses above the 40-level, suggesting that more bullish signals may come to play out.

Against Bitcoin, the market price is moving sideways as the coin trades at 354 SAT within the 9-day and 21-day moving averages. Looking at the daily chart, if the coin can make a cross above the 21-day MA and face the upside, the bulls could push the price toward the upper boundary of the channel. Nevertheless, if the market drops below the current market value, the next key support may come at 250 SAT and below.

On the bullish side, a possible rise could push the market above the channel which could hit the resistance level of 500 SAT and above. As revealed by the technical indicator, the Relative Strength Index (14) is moving bullishly as the signal line crosses above the 40-level.

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