Crypto.com | Cronos Bottomed Out? CRO Price Prediction

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Cronos CRO has seen an 86.3% retracement in price from its previous ATH. Four times in the past, CRO/USD has seen similar retracements (81.2%, 72.6%, 70%, 80%) all of which marked the local bottoms. Therefore, if the fundamentals are still strong, there is hope that this too is a local bottom.

CRO/USD found a major market structure at the $0.218 level, yet we have seen one weekly candle break below this level. Therefore the pressure is on the bulls to bring the next weekly candle above this level to prove that it can be supported moving forward. If so, this previous week could be viewed as a fake-out.

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02:09 CRO Price Prediction

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