As bulls prepare for a third retest, CRO retests resistance level twice.

CoinMarketCap says that the price of Crypto.com’s digital currency token, Cronos (CRO), has gone up slightly in the last 24 hours to $0.1874.

The price of CRO has decreased by double digits during the last week, falling by about 24.12 percent. The change in CRO’s price over the last 24 hours may be a small deviation from the weekly trend.

At the time of writing, the price of CRO has increased compared to Bitcoin (BTC) and Ethereum (ETH) by around 1.74 percent and 1.96 percent, respectively. CRO is now worth around 0.00000636 BTC and 0.00009341 ETH.

The current market value of CRO, which is ranked number 19 on CoinMarketCap’s list of the top cryptocurrency projects by market cap, is $4,733,297,500. The daily trading volume of CRO is down by double digits, down by 48.52 %, to a total of $49,647,710 in 24 hours.

CRO Retests Resistance Level Twice As Bulls Prepare For Third Retest
https://www.tradingview.com/chart/ojG0P4Cl/

The four-hour chart for CRO/USDT reveals that bulls made a move over the previous 12 to 16 hours as they sought to test the closest resistance level at $0.19. Nonetheless, the effort was thwarted, and the price was reduced.

As the RSI SMA slopes higher, it is possible that bulls have gained sufficient momentum to retest the level shortly. A retest is possible if bulls try it before the RSI goes below the RSI SMA, which is a bearish indicator.

This is the second time in the previous few days that bulls have tried this level of resistance. The third and last effort may reveal if the price of CRO will begin to rise or continue to decline. If the third try of the resistance test is successful. The confirmation of this will be the 8 EMA passing over the 20 EMA.

Leave a Comment