Cronos price prediction for today, December 1 – CRO Technical Analysis

Cronos price prediction shows that CRO could be bullish if the market attempts to rise above the moving average.

Cronos Forecast Statistical Data:

• Current Kronos price – $0.085
• Kronos market capitalization – $2.3 billion
• Cronos Circulating Supply – $25.3 billion
• Cronos total supply – $30.2 million
• Cronos CoinMarketCap Ranking – 29th

CRO/USD Market

Main level:

Resistance levels: $0.125, $0.130, $0.135

Support levels: $0.050, $0.045, $0.040

At the time of writing, CRO/USD appears to be moving towards the $0.100 resistance level with a price increase of 1.97%. Due to the fact that the coin is recording some gains, Cronos price may start to follow a bullish movement within the channel. Therefore, traders can expect prices to continue to rise if bulls put more pressure on the market.

Cronos Price Prediction: Cronos (CRO) Could Be Heading to the Upside.

If Kronos price continues to stay below the 9-day moving average and the 21-day moving average, the market price may head towards the lower border of the channel. However, if the price heads towards the upper border of the channel, traders can expect a continuation of the bullish trend towards the upside. Meanwhile, if buyers increase buying pressure within the market, possible resistance levels can be found at $0.125, $0.130, and $0.135.

However, if the coin maintains its bullish movement over the next few days, traders could witness more coins reaching higher levels. Meanwhile, CRO/USD could still fall below the lower limit of the channel and a bearish extension could cause the coin to roll towards the long-term support levels of $0.050, $0.045, and $0.040.

CRO/BTC may be trading bullishly

Against Bitcoin, Cronos price is starting to follow a bullish move, but if the coin breaks above its 9-day and 21-day moving averages, it could reach the nearest resistance level of 250 SAT. However, further bullish movement towards the upper boundary of the channel could result in a market surge. Cronos (CRO) is currently trading at 235 SAT. So, a slip below the moving average could lead to support below 170 SAT.

Nevertheless, if the bullish movement continues; Buyers can see a bullish trend for the coin and the nearest resistance could be located above 300 SAT. Therefore, the 9-day moving average may also need to cross the 21-day moving average. This is because you can see bullish movements within the channel.

Alternative to Kronos

Cronos price is currently hovering below the daily high $0.098 resistance and below the 9-day and 21-day moving averages. This means that buyers will retain control over the price dynamics, potentially steering the coin towards the notable resistance level of $0.100. Conversely, if buying momentum struggles to break above the moving average, IMX/USD is likely to opt for a consolidation phase instead.

Nonetheless, when comparing the well-established Cronos coin to the upstart Bitcoin Minetrix token, which has raised nearly $4.7 million in its ongoing pre-sale, Cronos (CRO) stands firm and Bitcoin Minetrix is ​​positioned as a notable contender, with surprising gains. Shows potential. It has the potential to outperform more established cryptocurrencies such as Cronos. Pay attention to promising newcomers in the cryptocurrency industry!

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