CronosLong
Despite some intraday gains, the price continues to face liquidi
Decoding Next Move To Come From CRO Price
After a significant drop from $1 to $0.048, CRO's price structure showed a remarkable recovery, advancing over 260% to reach a year-to-date high of $0.1800 by March 10th, 2024.
However, these gains proved unsustainable as bearish forces took over, pushing the price back to its original demand zone near $0.073.
Currently, the accumulation of holders offers a glimmer of hope amid various bearish factors, indicating growing uncertainties in CRO's price.
Despite some intraday gains, the price continues to face liquidity issues and struggles near the 20-day EMA band.
For a potential bullish reversal, CRO needs a catalyst to drive higher interest. It is already in a key demand area, but further sell-offs could break this zone, leading to lower support around $0.048.
A decisive Change of Character (ChoCh) above $0.10 and the 200-day EMA would confirm a bullish signal. Until then, uncertainty remains.
Other indicators are flat, reflecting market uncertainties and providing no clear direction.
After a significant drop from $1 to $0.048, CRO's price structure showed a remarkable recovery, advancing over 260% to reach a year-to-date high of $0.1800 by March 10th, 2024.
However, these gains proved unsustainable as bearish forces took over, pushing the price back to its original demand zone near $0.073.
Currently, the accumulation of holders offers a glimmer of hope amid various bearish factors, indicating growing uncertainties in CRO's price.
Despite some intraday gains, the price continues to face liquidity issues and struggles near the 20-day EMA band.
For a potential bullish reversal, CRO needs a catalyst to drive higher interest. It is already in a key demand area, but further sell-offs could break this zone, leading to lower support around $0.048.
A decisive Change of Character (ChoCh) above $0.10 and the 200-day EMA would confirm a bullish signal. Until then, uncertainty remains.
Other indicators are flat, reflecting market uncertainties and providing no clear direction.
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