{"id":13331,"date":"2022-12-05T05:52:35","date_gmt":"2022-12-05T09:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=13331"},"modified":"2022-12-05T05:52:35","modified_gmt":"2022-12-05T09:52:35","slug":"cro-price-cronos-pumps-over-12-why-this-could-be-the-start-of-bigger-rally","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/05\/cro-price-cronos-pumps-over-12-why-this-could-be-the-start-of-bigger-rally\/","title":{"rendered":"CRO Price (Cronos) Pumps Over 12%, Why This Could Be The Start of Bigger Rally"},"content":{"rendered":"

CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong move towards the $0.094 level in the near term.<\/em><\/p>\n

CRO price started a decent increase above the $0.065 resistance against the US dollar.
\nThe price is trading above $0.070 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO\/USD pair (data source from Coinbase).
\nThe pair could continue to rise towards the $0.080 and $0.094 resistance levels.<\/p>\n

Cronos CRO Price Eyes Fresh Rally<\/h2>\n

This past month, cronos\u2019s price found support near the $0.0615 zone against the US Dollar. CRO formed a base above the $0.0615 and $0.0620 levels before it started a fresh increase.<\/p>\n

There was a clear move above the $0.0650 resistance zone and the 100 simple moving average (4-hours) to move into a positive zone. Besides, there was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO\/USD pair.<\/p>\n

The price is now trading above $0.070 and the 100 simple moving average (4-hours), outperforming bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $0.074 level. It is close to the 23.6% Fib retracement level of the main drop from the $0.131 swing high to $0.0568 low.<\/p>\n

The next major resistance is forming near the $0.080 zone. If there is an upside break above the $0.08 resistance level, the price could start another strong increase.<\/p>\n

<\/a><\/p>\n

Source: CROUSD on TradingView.com<\/a><\/p>\n

In the stated case, the price could rise steadily towards the $0.094 level. It is close to the 50% Fib retracement level of the main drop from the $0.131 swing high to $0.0568 low.<\/p>\n

Dips Limited in CRO?<\/h2>\n

If CRO price fails rise above the $0.074 and $0.080 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.07 level.<\/p>\n

The main support is near the $0.0650 level and the 100 simple moving average (4-hours). A downside break below the $0.065 level could open the doors for a fresh decline towards $0.062. The next major support is near the $0.060 level.<\/p>\n

Technical Indicators<\/p>\n

4-hours MACD \u2013 The MACD for CRO\/USD is gaining momentum in the bullish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for CRO\/USD is now in the overbought zone.<\/p>\n

Major Support Levels \u2013 $0.070 and $0.065.<\/p>\n

Major Resistance Levels \u2013 $0.074, $0.08 and $0.094.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong move towards the $0.094 level in the near term.<\/em><\/p>\n

CRO price started a decent increase above the $0.065 resistance against the US dollar.
\nThe price is trading above $0.070 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO\/USD pair (data source from Coinbase).
\nThe pair could continue to rise towards the $0.080 and $0.094 resistance levels.<\/p>\n

Cronos CRO Price Eyes Fresh Rally<\/h2>\n

This past month, cronos\u2019s price found support near the $0.0615 zone against the US Dollar. CRO formed a base above the $0.0615 and $0.0620 levels before it started a fresh increase.<\/p>\n

There was a clear move above the $0.0650 resistance zone and the 100 simple moving average (4-hours) to move into a positive zone. Besides, there was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO\/USD pair.<\/p>\n

The price is now trading above $0.070 and the 100 simple moving average (4-hours), outperforming bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $0.074 level. It is close to the 23.6% Fib retracement level of the main drop from the $0.131 swing high to $0.0568 low.<\/p>\n

The next major resistance is forming near the $0.080 zone. If there is an upside break above the $0.08 resistance level, the price could start another strong increase.<\/p>\n

<\/a><\/p>\n

Source: CROUSD on TradingView.com<\/a><\/p>\n

In the stated case, the price could rise steadily towards the $0.094 level. It is close to the 50% Fib retracement level of the main drop from the $0.131 swing high to $0.0568 low.<\/p>\n

Dips Limited in CRO?<\/h2>\n

If CRO price fails rise above the $0.074 and $0.080 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.07 level.<\/p>\n

The main support is near the $0.0650 level and the 100 simple moving average (4-hours). A downside break below the $0.065 level could open the doors for a fresh decline towards $0.062. The next major support is near the $0.060 level.<\/p>\n

Technical Indicators<\/p>\n

4-hours MACD \u2013 The MACD for CRO\/USD is gaining momentum in the bullish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for CRO\/USD is now in the overbought zone.<\/p>\n

Major Support Levels \u2013 $0.070 and $0.065.<\/p>\n

Major Resistance Levels \u2013 $0.074, $0.08 and $0.094.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-13331","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=13331"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13331\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=13331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=13331"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=13331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}