02 December 2023 : 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.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,455,717,518,867. The total trading volume stands at $49,938,437,880. Bitcoin shares 52.11 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $38,784.29 level after an upward movement of 2.47%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.04 percent reaching to $2,093.97 during the previous 24 hours.
While publishing this blog, BNB traded at $228.49, following a price change of 0.1% within the same time frame. XRP the native coin of XRP is up by 0.84 and currently trading at $0.61. Additionally, Solana reached $60.60 after seeing a uplift of 1.41% 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.
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||$0.11||Support Level 1||$0.095|
|Resistance Level 2||$0.12||Support Level 2||$0.085|
|Resistance Level 3||$0.13||Support Level 3||$0.078|
The price of Crypto.com Coin (CRO) is at $0.41, up 4.95% in the past 24-hours and has a price change of -13.26% over the week. One day trading volume for BTC is 122,531,708.00 USD while total marketcap reached $10,473,779,065.00 USD. There are almost 25,263,013,692 are in circulation out of 30263013692.
CRO price analysis for 02 December 2023 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.
|Simple Moving Average (10)||0.10||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)||0.11||Buy|
|Exponential Moving Average (50)||0.11||Buy|
The CRO/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. The relative Strength Index (RSI) indicates that the CRO coin is in consolidation zone, as RSI is at 44. While CRO’s Williams %R indicator is at -11.809 for the 14-day time period indicating a overbought condition and short term trend price correction is possible.
From the technical analysis, the overall trend of the Crypto.com Coin is still bearish; however, the price action might shows an attempt a bullish reversal with its bullish engulfing candle pattern. Therefore, if CRO manages to stay above $0.095, it can provide an excellent long opportunity for CRO communnity.