Crypto.com Coin Price Analysis: CRO Gearing Up for a Massive Rally?


  • Crypto.com Coin’s EMA(10) shows a upward trend.
  • Crypto.com Coin(CRO) records upswings today.
  • CRO’s intraday volume stands at $122,531,708.00.
  • CRO price flashes signs of bearishness on 7-days price chart.

03 October 2022 : In this article we will walk you through Crypto.com Coin price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Crypto.com Coin, Is CRO a good investment? Crypto.com Coin 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 $938,674,107,757. The total trading volume stands at $53,771,713,429. Bitcoin shares 39.72 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,449.78 level after an upward movement of 1.29%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.85 percent reaching to $1,321.44 during the previous 24 hours.
While publishing this blog, BNB traded at $287.58, following a price change of 1.59% within the same time frame. XRP the native coin of XRP is down by -1.56 and currently trading at $0.45. Additionally, Cardano reached $0.43 after seeing a uplift of 0.31% 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.

Crypto.com Coin 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 Crypto.com Coin (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

Crypto.com Coin Performance

CRO has recorded a upsurge, gaining 4.95% in last 24 hours. The current value of Crypto.com Coin is hovering at $0.41 with the trading volume of $122,531,708.00 USD in the same timeframe. The overall marketcap for CRO is $10,473,779,065.00 USD while the coin price changes -13.26% over the week.

Crypto.com Coin 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 Crypto.com Coin.

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

The CRO/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market. 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. RSI implying near overbought phase while trading at 61 and is trying to break out of the neutrality zone.

Conclusions

CRO price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Crypto.com Coin to make a one directional move to make a good entry in the market.