Cronos Price Prediction for Today, December 24: CRO/USD Looks Promising as Price Hits $0.060

Join Our Telegram channel to stay up to date on breaking news coverage

The Cronos price prediction shows that CRO is facing the north because of a recent recovery above the 9-day moving average.

Cronos Prediction Statistics Data:

  • Cronos price now – $0.060
  • Cronos market cap – $1.5 billion
  • Cronos circulating supply – 25.26 billion
  • Cronos total supply – 30.2 million
  • Cronos Coinmarketcap ranking – #28

CRO/USD Market

Key Levels:

Resistance levels: $0.095, $0.105, $0.115

Support levels: $0.035, $0.025, $0.015

Cronos Price Prediction for Today, December 24: CRO/USD Looks Promising as Price Hits $0.060
CROUSD – Daily Chart

CRO/USD is ranging as the coin moves to cross above the 21-day moving average trading around $0.060. Meanwhile, the Cronos price could maintain the upward movement if the buyers increase the pressure.

Cronos Price Prediction: Can CRO Decline Below $0.060 Level?

The Cronos price is moving sideways, and with all indications, the coin is likely to follow the downtrend if it crosses below the 9-day moving average. However, the red line of the 9-day MA is still below the green line of the 21-day moving average which can still keep the coin on the downside. Therefore, any bearish movement towards the lower boundary of the channel may increase the short-term selling pressure, while the next supports could be found around $0.035, $0.025, and $0.015.

For the moment, if the Cronos price continues with the bullish movement, it is likely to meet the nearest resistance at $0.080 and any further bullish movement above the upper boundary of the channel may locate the next resistance levels at $0.095, $0.105, and $0.115. Similarly, the technical indicator Relative Strength Index (14) crosses above the 40-level, suggesting that more bullish signals may come to play out.

Against Bitcoin, the market price is moving sideways as the coin trades at 354 SAT within the 9-day and 21-day moving averages. Looking at the daily chart, if the coin can make a cross above the 21-day MA and face the upside, the bulls could push the price toward the upper boundary of the channel. Nevertheless, if the market drops below the current market value, the next key support may come at 250 SAT and below.

CROBTC – Daily Chart

On the bullish side, a possible rise could push the market above the channel which could hit the resistance level of 500 SAT and above. As revealed by the technical indicator, the Relative Strength Index (14) is moving bullishly as the signal line crosses above the 40-level.

Nevertheless, Dash 2 Trade gives you the ability to optimize your trading and speculative profitability with effective crypto trading recommendations, auto trading, and analytics Features. There is a D2T token presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $11 million.

Related

  • D2T Price Prediction
  • How to Buy D2T

Dash 2 Trade - High Potential Presale

Our Rating

Dash 2 Trade
  • Active Presale Live Now - dash2trade.com
  • Featured in Cointelegraph - $10M Raised
  • KYC Verified & Audited
  • Native Token of Crypto Signals Ecosystem
Dash 2 Trade
Join Presale

Join Our Telegram channel to stay up to date on breaking news coverage

Comments

Post a Comment

Popular posts from this blog

Analyst: ETH Not Ready for Bull Run till Huge Correction

Image
Benjamin Cowen, a cryptocurrency strategist, is bearish on Ethereum (ETH) because the second-largest digital asset has failed to climb back above a key resistance level. In a new video, Cowen tells his 785,000 YouTube subscribers that the price of Ethereum is likely to go down because there is a lot of “anxiety” around the $1,800 mark. Cowen says that there isn’t as much “apathy” in the market as there was during the bear season of 2019/2020. “There’s so much anxiety in this level [$1,800 resistance level] like I think it’s much more likely to break down eventually… I will be the first to admit it’s taking longer than I thought it would. But I also don’t really feel that same type of apathy in the market now that I did back in 2019 and 2020.” At the time of writing, one Ethereum is worth $1,736. Cowen says that less people would care about Ethereum if the price of the second most valuable cryptocurrency fell to triple digi...
Read more

Crypto Analyst Says Selling XRP Now Is Unwise, the Bulls Are Set

Image
Ben Armstrong argued that selling XRP is unwise due to perceived underperformance. He dismissed comparing XRP to Solana (SOL) and Avalanche (AVAX). Armstrong claimed XRP’s uptrend would commence in January, urging investors to pack their bags. In a recent YouTube video, crypto analyst Ben Armstrong argued that selling XRP is unwise due to perceived underperformance. While acknowledging XRP’s historical lackluster trend, he first addressed concerns related to XRP’s failure to sustain its bullish momentum following the victory from the legal dispute. Armstrong argued that broader market conditions suppressed further gains. Furthermore, he countered critical views about XRP’s failure to engineer a bullish trajectory like other rivals such as Solana (SOL) and Avalanche (AVAX), which have seen more than 100% gains.   He dismissed such comparisons and drew parallels to Ethereum’s delayed ascent in previous cycles. Moreover, he caution...
Read more

BitBoy dismissed from FTX case as three celebrities settle

The legal fallout from the collapse of crypto exchange FTX continues, with some high-profile names opting to settle while others are dismissed entirely. Crypto influencer Ben “BitBoy” Armstrong is no longer facing a lawsuit related to his promotion of FTX. Lawyers recently filed notice that they are voluntarily dismissing claims against him. Armstrong had not yet responded to the allegations in court. Meanwhile, Jacksonville Jaguars quarterback Trevor Lawrence, YouTuber Kevin Paffrath, and influencer Tom Nash have agreed to confidential settle ments to resolve claims against them. A judge still needs to approve the deals to officially remove them from the ongoing litigation. According to recent reports, lawyers leading the case say they are in discussions about potential settle ments with other celebrities who promoted FTX, including athletes and social media stars. More deals are likely to come. The lawsuit aims to claw back money paid to celebrity endorsers and spo...
Read more