Will CRO Price Hit $0.25 Soon?

Cronos (CRO) Current Market Status

The maximum supply of Cronos (CRO) is 30,263,013,692, while its circulating supply is 25,263,013,692 CRO, according to CoinMarketCap. At the time of writing, CRO is trading at $0.071094, which represents 24 hours decrease of 2.72%. The trading volume of Cronos in the past 24 hours is $16,428,892, representing a 46.49% decrease.

Some top cryptocurrency exchanges for trading Cronos (CRO) are Crypto.com, Huobi Global, Kucoin, Gate.io, and others. Now that you know what CRO is and its current market status, we shall discuss the price analysis of Cronos (CRO) for 2023.

Cronos (CRO) Price Analysis 2023

Currently, CRO ranks 34 on CoinMarketCap. Will developments and upgrades within the Cronos ecosystem increase the price of Cronos (CRO)? We shall see this in this Coin Edition price analysis 2023 article.

Cronos (CRO) Price Analysis – Keltner Channel

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. The Keltner Channel signals for Cronos (CRO) show that the current bearish run may continue because the recent candlesticks are in the second half of the chart. Furthermore, because the last candlestick is bearish, the current drop in the price of CRO may be sustained before any reversal is expected.

Cronos (CRO) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Cronos (CRO) in the 1-day chart is at 47.64. Although the RSI is positioned parallel to the horizontal axis if reaches below the RSI value of 30, then it can lead to the assets being in the oversold region. This value could trigger a further bear run if more sellers could be attracted to gain from the expected price decrease.

Cronos (CRO) Price Analysis – Moving Averages

The chart above shows the 1Day chart of CRO 200-day and 50-day Moving Average (MA). Presently, CRO is on a bearish trend. Since the 200-MA is above the 50-MA, we can reduce the bearish price for long-term hodlers. 

Also, since the gap between the moving averages is getting narrow, there is a possibility of seeing a trend reversal. We can expect the price of Cronos (CRO) might experience a rise in the price of CRO in the future.

Cronos (CRO) Price Prediction 2023

From the chart above, we can observe that the price of Cronos (CRO) tried tested the resistance level at $0.0811 during mid-January to early March. It couldn’t break the structure and rise higher above the resistance level. Therefore, it breaks to the support level and trades sideways, slightly above the support.

Irrespective of this sideways movement in the price of CRO, we can deduce the following:

1. The price of Cronos (CRO) may reverse at $0.0760, the 50-day MA level. If investors have their way, the price of CRO could surge to $0.0838, which currently acts as a small resistance zone where the 200MA lies.
2. Moreover, if it breaks the resistance level at $0.0813, we can expect the price to trade above $0.0952. This could lead to a bull run.

Meanwhile, our long-term CRO price prediction for 2023 is bullish since it might break many psychological resistances. We can expect CRO to reach $0.085 in 2023.

Cronos (CRO) Price Prediction – Resistance and Support Levels

CRO price fluctuated between $0.0503 and $0.2558 within the past 30 days. This present chart shows that the price of CRO has increased by 1.37% in the past 24 hours. CRO could break the $0.0593 support level, move lower to $0.0309 at the support 2 levels, and even lower as the bullish signal for 2023.

If buyers take control CRO might trend above the $0.2249 resistance1 level and even higher in 2023, a bullish signal.

Cronos (CRO) Price Prediction 2024

Cronos (CRO) price could firmly hold the support level around 200-MA, the 200-day long-term moving average. Moreover, buyers will then have ample time and stability to forge the next attack mission on the critical level at $1.084, causing it not to plummet but to play consistently. Furthermore, this is only possible if CRO overcomes psychological resistance.

Cronos (CRO) Price Prediction 2025

If most cryptocurrencies can overcome psychological barriers in the aftermath of Bitcoin’s price halving in 2024, we can expect CRO to trade at a premium to its 2024 pricing. As a result, CRO may be worth roughly $2.205 by the end of 2025.

Cronos (CRO) Price Prediction 2026

As more and more institutional investors flock to the Cronos platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of CRO may reach $7 by 2026, even though the coin has generally depreciated during the same period. 

Cronos (CRO) Price Prediction 2027

The halving of Bitcoin in 2028 will likely trigger a bull market. As a result, if investors remain hopeful, the price of CRO may continue to rise and may even breach previously established hurdles. Cronos may be worth $12.

Cronos (CRO) Price Prediction 2028

Cronos (CRO) prices might grow past $17 during the next six years. Furthermore, hitting this level might not be so tough for CRO due to new medium, short-term, and long-term price objectives for purchase or sell orders, which may be discovered. According to the forecast, CRO has a strong chance of reaching a new all-time high (ATH) price.

Cronos (CRO) Price Prediction 2029

By 2029, the majority of cryptocurrency values may have been stable for nearly a decade, owing to the application of lessons learned to secure the sustained faith of investors in the project. Because of this effect and the additional price increase that occurs a year after Bitcoin’s price halves, the price of CRO might reach $22 by 2029.

Cronos (CRO) Price Prediction 2030

The cryptocurrency market was stable because early investors held on to their assets so they would take advantage of future price gains. By the end of 2030, the price of Cronos (CRO) could be around $27, despite the bearish market that followed a market boom in the early few years.

Cronos (CRO) Price Prediction 2040

According to our long-term Cronos price estimate, Cronos prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $38 by 2040. If the market turns bullish, the price of Cronos could go up beyond what we predicted for 2040.

Cronos (CRO) Price Prediction 2050

According to our Cronos forecast, the average price of Cronos in 2050 might be above $84. If more investors are drawn to Cronos between these years, the price of Cronos in 2050 could be far higher than our projection.

Conclusion

As said above, Cronos might reach $0.7 in 2023 and $27 by 2030 if investors have decided that CRO is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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