CRO/USD Bulls May Stay Above $0.070

The Cronos price prediction may lack short-term, but if the price increases, the coin is likely to face moderate volatility in the market soon.

Cronos Prediction Statistics Data:

• Cronos price now – $0.069
• Cronos market cap – $1.7 billion
• Cronos circulating supply – 25.2 billion
• Cronos total supply – 30.2 billion
• Cronos Coinmarketcap ranking – #29

CRO/USD Market

Key Levels:

Resistance levels: $0.120, $0.130, $0.140

Support levels: $0.030, $0.020, $0.010

CRO/USD is currently trading around the $0.069 level below the 9-day and 21-day moving averages. In the range of the descending channel, the closest support is located at $0.055, with a close resistance at $0.080. Meanwhile, if the market increases, additional resistance can be found above the 9-day and 21-day moving averages.

Cronos Price Prediction: Cronos (CRO) May Go Bullish

According to the daily chart, it is obvious that the Cronos price may create more bullish trends if the bulls increase the pressure away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line may cross above the 35-level. Since a few days ago, Cronos (CRO) has been moving negatively, aiming to break many downsides.

At the moment, the market is trading at $0.069 within the channel, but any bearish movement below the daily low of $0.056 could lead the coin to a serious downtrend. However, the support levels for the coin could be located at $0.030, $0.020, and $0.010, while the resistance levels lie at $0.120, $0.130, and $0.140 respectively.

When compares with Bitcoin, the support level of this trading is built around 400 SAT. Technically, the market price is likely to head to the upside as the technical indicator Relative Strength Index (14) moves to cross above the 30-level.

However, if the Cronos price slides below the lower boundary of the channel, CRO/BTC could hit the support level of 250 SAT and below. Moreover, any bullish movement towards the upper boundary of the channel may allow the market to form a new upward trend, and this could reach the potential resistance level at 600 SAT and above.

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