Cronos Price Analysis: CRO Price Slumped -0.87% in 24-hours


  • The price of Cronos has fallen by -0.87% in the previous 24 hours.
  • 24-hour trading volume for Cronos is hovering at $20,615,353.00.
  • In terms of CRO support floor, it is now $0.11.
  • The EMA(50) is currently at $0.12.

03 October 2022 : In this article we will walk you through Cronos price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Cronos, Is CRO a good investment? Cronos support & resistance levels etc. But before diving deep into the CRO technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $942,583,128,025. The total trading volume stands at $56,002,898,106. Bitcoin shares 39.88 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,611.99 level after an upward movement of 2.16%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.95 percent reaching to $1,320.89 during the previous 24 hours.
While publishing this blog, BNB traded at $287.88, following a price change of 1.31% within the same time frame. XRP the native coin of XRP is down by -0.37 and currently trading at $0.46. Additionally, Cardano reached $0.43 after seeing a uplift of 0.33% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Cronos Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Cronos (CRO)

CRO Resistance Levels CRO Support Levels
Resistance Level 1 $0.12 Support Level 1 $0.11
Resistance Level 2 $0.12 Support Level 2 $0.10
Resistance Level 3 $0.13 Support Level 3 $0.096

Cronos Performance

The daily chart of Cronos shows that the CRO price has a downward movement with a -0.87% decrease in past 24 hours. The price value of the Cronos (CRO) coin is standing at $0.11 with market capitalization $2,771,272,444.00 USD. CRO price changes -3.84% over the week while the trading volume is hovering around $20,615,353.00 USD.

Cronos Price Analysis

CRO price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Cronos.

Moving Averages Price Indicator
Simple Moving Average (10) 0.11 Sell
Exponential Moving Average (10) 0.11 Sell
Simple Moving Average (20) 0.11 Sell
Exponential Moving Average (20) 0.11 Sell
Simple Moving Average (50) 0.12 Sell
Exponential Moving Average (50) 0.12 Sell

While CRO’s Williams %R indicator is at -55.215 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing above of the signal line after a positive crossover. Cronos investors need to wait for any directional change over the daily chart. The first support level for Cronos is at $0.11 while the second one is at $0.10. While taking about resistance the CRO has R1 and R2 at $0.12, $0.12 respectively. RSI implying near overbought phase while trading at 61 and is trying to break out of the neutrality zone.

Conclusions

As of now, Cronos is not doing well and is trading in reddish zone. In order to invest in the digital currency, crypto investors want to see the CRO move into the positive zone. In 2022 and beyond, the Cronos price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.