CRO price targets 16% upside supported by TRUMP Media and whales

CRO price surged as much as 41% after Crypto.com partnered with Trump Media to establish a crypto treasury company focused on CRO. A rare pattern on the daily chart now signals further gains ahead.

According to data from crypto.news, Cronos (CRO) was trading at $0.225 last check Tuesday, Aug. 27, morning Asian time, up over 80% from this month’s low and 208% from its lowest point this year.

The price rally came in a high-volume trading environment. Trading volume for CRO rose by over 1,300% in the past 24 hours, indicating that strong demand from spot traders fueled its rally today.

There are three main catalysts that drove CRO’s gains today.

First, CRO rallied after Trump Media and Crypto.com announced a $6.4 billion deal to form a crypto treasury company via a SPAC merger with Yorkville Acquisition Corp.

The firm will reportedly hold over $1 billion worth of CRO tokens. It will also integrate the CRO token into Truth Social and Truth+ platforms via Crypto.com’s wallet infrastructure as a payment option and rewards medium.

Second, CRO surged as the Cronos team unveiled its 2025–2026 roadmap, titled The Golden Age of On-Chain Dominance.

Cronos plans to scale its on-chain ecosystem and user adoption by shipping AI-ready, compliance-focused tokenization primitives, expanding through Crypto.com’s massive user base. Further, it aims to unlock fresh demand for CRO via ETFs, ETPs, and digital asset treasuries.

Third, the rally also seems to be supported by renewed demand from whales. A look at Santiment data shows a noticeable uptick in the number of wallets holding between 10,000 and 100 million CRO tokens over the past three days. 

Such whale accumulation is often interpreted as a sign of growing confidence among informed or long-term investors. It can also serve as a bullish signal for retail participants, who frequently follow these wallet trends as confirmation of an asset’s market strength and institutional interest.

On the daily chart, CRO has been trading within an ascending broadening wedge pattern since mid-July 2025.

An ascending broadening wedge is a relatively rare bearish formation characterized by two diverging upward-sloping trendlines, typically indicating rising volatility and potential exhaustion of bullish momentum.

However, in CRO’s case, the price broke out above the upper boundary of the wedge on Monday, signaling an invalidated bearish setup and a possible continuation of the uptrend.

CRO also trades above all key simple moving averages, with the 50-day SMA recently crossing above the 200-day SMA, a technical event known as a golden cross and viewed as a long-term bullish signal by traders.

Momentum indicators further support the bullish outlook. The MACD line has crossed above the signal line, and the histogram bars are expanding in positive territory, reflecting growing bullish momentum.

Based on this setup, the next immediate target for CRO lies at $0.260, representing a 16% upside from current levels. A decisive breakout above this level could pave the way toward the next psychological resistance at $0.280, potentially accelerating further gains.