Crypto.com Coin Price Analysis: CRO Token Rally Resumes; Is There Still An Entry Opportunity?
The CRO/USD token presents a strong uptrend in its technical chart. The token price managed to breach the previous All-Time High resistance of $0.421, indicating the coin has much more plans for November.
Key technical points:
- The daily RSI chart shows a significant divergence concerning the CRO token price
- The intraday trading volume in the CRO token is $970.3 Million, indicating a 120.1% hike
Source- CRO/USD chart by Tradingview
The CRO token initiated a significant up movement in its chart when the price gave an evident breakout from a crucial resistance of $0.251. The token price rallied around 60% before giving a proper retracement.
The retracement phase obtained sufficient support from the $0.317 mark, and the token decided to countries this rally. As for now, the price has managed to breach the previous swing high resistance of $0.4, indicating another entry opportunity for crypto traders.
The crucial EMAs(20, 50, 100, and 200) project a strong uptrend in this token. The chart displays a bullish alignment of these EMA lines, which could provide good support to the price in case of a pullback.
The Relative Strength Index(74), the current sentiment for the token is bullish. However, the RSI chart has displayed a strong divergence, indicating the decreasing strength among the market buyers.
CRO/USD Chart In The 4-hour Time Frame
Source- CRO/USD chart by Tradingview
The CRO token price is currently retracing back to the breakout level to obtain sufficient support. However, as mentioned, the bearish divergence in the daily RSI chart indicates weakness in this rally. Therefore, the crypto traders should wait for proper confirmation before taking a new long position in this coin.
The MACD indicator projects a bullish momentum in this lower time frame chart, where both its lines are steadily climbing towards the higher levels.
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
