Cronos (CRO) Price Prediction – August 2
The current trading outlook in the CRO/USD market operations signifies the crypto economy aims to surge higher from a lower-trading zone. Price has witnessed an all-time low of $0.01149 and an all-time high of $0.9698, as it presently trades around $0.1516 at a positive percentage of 9.44.
Cronos (CRO) Price Statistics:
CRO price now – $0.1515
CRO market cap – $3.8 billion
CRO circulating supply – 25.3 billion
CRO total supply – 30.3 billion
Coinmarketcap ranking – #23
CRO /USD Market
Resistance levels: $0.1875, $0.2075, $0.2275
Support levels: $0.1095, $0.0995, $0.0895
CRO /USD – Daily Chart
The CRO/USD daily chart reveals the crypto-economic market aims to surge higher through resistances above the trend line of smaller SMA. The 14-day SMA indicator is at $0.131152 underneath the 50-day SMA indicator, which is at 184211. The support baseline is at $0.1095, showing the trading arena where the present upsurges have sprung over time. The Stochastic Oscillators are in the overbought region, seemingly attempting to close their lines soon.
Is it technically okay to join the CRO/USD price trend to the upside now?
It looks too late to join the CRO/USD market to the upside now as the crypto economy aims to surge higher past the 14-day SMA trend line. The appearance of the Stochastic Oscillators in the overbought region makes getting of subsequent ups dicey. Based on that assumption, long-position takers may have to exercise all sense of wariness to use high lot size. Nevertheless, investors may consider joining the move now and allow the portfolio to run on a long-term basis.
On the downside of the technical analysis, the CRO/USD market short-position takers may have to be alert when a price rejection moment between the trading spaces of the SMAs. The emergence of two bearish candlesticks will give a better signal toward having a decent sell order in the process. But, the key resistance-trading spot remains at the $0.1875 level. It must note that the current will suit long-term investors the most.
CRO /BTC Price Analysis
Comparing the Cronos’ catalyst with the trending capacity of Bitcoin has struggled to push increasingly. The cryptocurrency pair price aims to surge higher past the bigger-SMA trend line. The 14-day SMA indicator is underneath the 50-day SMA indicator. The baseline drew closely below the smaller SMA to denote the spot where upward swings have been. The Stochastic Oscillators are in the overbought region. And they are yet to give a clear-cut contravening signal to the upside move. A false breakout of the bigger SMA may allow the counter-trading crypto to regain its stance against its base crypto.
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