TL;DR
- CRO price surged 42% in 24 hours as trading volume topped $1 billion after the Trump Media deal.
- Santiment data showed a spike in daily active addresses, confirming strong on-chain activity during the breakout.
- Technical indicators remain bullish, though RSI near 80 warns of possible short-term overbought conditions.
Trump Media Partnership Lifts CRO
Cronos (CRO) rallied after Crypto.com announced a deal with Trump Media to set up a $6.4 billion crypto treasury company. The agreement, structured through a SPAC merger with Yorkville Acquisition Corp., will see the new firm hold over $1 billion in CRO tokens.
Crypto.com CEO Kris said,
“$CRO up 40% on $1b+ 24h trading volume, following the historic announcement of $6.4b treasury play by Trump Media Group CRO Strategy. $DJT up more than 5% on the news.”
He added that CRO holdings under Trump Media’s umbrella have now topped $1.5 billion.
CRO will also be integrated into Truth Social and Truth+ as a payment and rewards option through Crypto.com’s wallet infrastructure.
Price Action and Market Activity
CRO’s price traded at $0.22 at press time, showing a 42% gain in 24 hours and more than 57% over the past week. Trading volume rose above $1 billion, a 1,500% increase compared to prior sessions.
Meanwhile, the token’s daily trading range stood between $0.16 and $0.23. Over the past week, CRO has moved from $0.14 to $0.23, and the latter became a yearly high. Nevertheless, the token remains more than 75% below its all-time high of $0.97, recorded in November 2021.
Santiment data recorded a surge in active addresses on August 25–26, matching the breakout above $0.22. Address activity hit the highest levels in weeks, suggesting an influx of new or returning participants.
Technically, CRO has formed a cup pattern across several months, with price now testing the $0.23–$0.24 resistance band. Analyst CW commented,
“The next sell wall for $CRO exist at $0.27.”
Support rests around $0.18–$0.20, with a more substantial base near $0.14 if price corrects further.
Indicators Show Bullish Momentum
The Parabolic SAR remains under current price levels, showing momentum is still positive. The MACD has turned bullish with a crossover and expanding histogram.
However, the Relative Strength Index (RSI) has climbed to around 80, signaling heavy buying pressure but also a short-term overbought market. If resistance at $0.24 holds, CRO may revisit $0.20 before attempting another breakout. A move through resistance could open the way toward $0.27.
Cronos has also published its 2025–2026 roadmap, The Golden Age of On-Chain Dominance, aimed at scaling adoption through tokenization, ETFs, and integration with Crypto.com’s global user base.
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Source: https://cryptopotato.com/cros-40-surge-temporary-hype-or-the-start-of-a-massive-bull-run/