The Cronos price prediction shows that CRO may head to the south because of a recent decline below the 9-day moving average.
Cronos Prediction Statistics Data:
- Cronos price now – $0.19
- Cronos market cap – $3.8 billion
- Cronos circulating supply – 25.26 billion
- Cronos total supply – 30.2 million
- Cronos Coinmarketcap ranking – #25
CRO/USD Market
Key Levels:
Resistance levels: $0.19, $0.20, $0.21
Support levels: $0.13, $0.12, $0.11
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CRO/USD is ranging as the coin may cross below the 9-day and 21-day moving averages trading around $0.15. However, the Cronos price may not cross into the positive side because it is currently ranging around the 9-day moving average.
Can Cronos (CRO) Decline Below $0.15 Level, as Tamadoge (TAMA) Goes Bullish?
The Cronos price is moving sideways, and with all indications, the coin is likely to follow the downtrend if it crosses below the 21-day moving average. Any bearish movement towards the lower boundary of the channel may increase the short-term selling pressure, while the next supports may come around $0.13, $0.12, and $0.11. Meanwhile, any bullish movement above the upper boundary of the channel may locate the next resistance levels at $0.19, $0.20, and $0.21.
On the positive side, the technical indicators could start a new bullish session if the Relative Strength Index (14) remains above 60-level. It is, however, not clear how long the session will last because, at the time of writing, the market price keeps moving in the range and it is important to watch the resistance and support levels coupled with the movement of other indicators within the daily chart to confirm the next direction that the coin will face.
CRO/BTC Market: Cronos Price May Spike to the Upside
Compared with Bitcoin, the market price is moving sideways as the coin trades at 630 SAT within the 9-day and 21-day moving averages. Looking at the daily chart, if the coin can make a cross to the upside, the bulls may push the price towards the upper boundary of the channel. Nevertheless, if the market drops below the current market value, the next key support may come at 575 SAT and below.
On the bullish side, a possible rise may push the market above the channel to hit the resistance level of 700 SAT and above. As revealed by the technical indicator, the Relative Strength Index (14) is moving sideways as the signal line moves above the 50-level.
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Source: https://insidebitcoins.com/news/cronos-cro-range-bounds-tamadoge-tama-looks-promising