Claim BonusCronos Coin Chart Hints The Potential Upswing Could Revisit $0.158
The Cronos coin price action shows the bullish dominance sustaining at the psychological mark of $0.10, resulting in a price jump of 16.4%. The recovery rally moves at a high momentum and challenges the 100-day ema, which may shortly provide a Bullish entry opportunity for sideline traders. So, should you consider taking a Bullish trade?
Key points:
- $11.5 resistance breakout should assist the buyer in charging at $12.633 resistance
- The daily-RSI slope shows an evident bullish divergence
- The intraday trading volume in Cronos coin is $167.2 Million, indicating an 81.26% gain.
Source- Tradingview
On September 22nd, the Cronos coin rebounded from the $0.1 psychological support with a bullish engulfing candle. This was a second reversal from the $0.1 mark during the last four months, valdating it as a strong accumulation zone.
Furthermore, concerning these two bullish reversals, the daily time frame chart shows a formation of a double-bottom pattern. This bullish reversal pattern offers a recovery set-up and a direction bullish rally if the price breach the neckline resistance.
As of now, the Cronos coin prices display the bullish engulfing candle crossing above the 20-day EMA to challenge the 50-day EMA with a spike in trading volume. Therefore, the price analysis reflects a remarkable increase in buying pressure.
Along with 20-day EMA, the bull-run breached the local resistance of $0.111, which could now act as potential support. With this new launchpad and sustained buying, the coin prices could rally 35.5% higher to $0.158-$0.163 neckline resistance. Additionally, the optimistic traders can expect a breakout of this swing high breakout, prolonging the potential rally to the $0.20 mark.
Conversely, a bullish failure to cross above the 50-day EMA will endanger the buyers at the psychological mark of $0.10.
Technical indicator
EMAs: the 20-and-50-day EMAs act as dynamic resistance to restrict bullish growth.
RSI indicator: A bullish divergence in daily-RSI slope bolsters the possibility of a double bottom pattern and recovery theory.
Cronos Coin Price Intraday Levels
- Spot rate: $0.117
- Trend: Bullish
- Volatility: Low
- Resistance levels- $0.126 and $0.14
- Support levels- $0.11 and $0.1
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.
Related Articles
- CFTC Launches “Future-Proof” Initiative to Modernize Crypto and Prediction Market Rules
- Bitcoin Drops Below $90K as Supreme Court Delays Ruling on Trump Tariffs
- Trump Tariffs: U.S. President Threathens 200% Tariffs on France Amid Greenland Dispute
- Breaking: Tom Lee’s BitMine Acquires 35,268 ETH as Staked Ethereum Surges to All-Time High
- Fed Chair Decision: Trump Could Decide on Powell’s Successor Next Week, Scott Bessent Says
- XRP Price Eyes a 25% Rebound Ahead of Brad Garlinghouse Statements at Davos Summit
- Why Silver and Gold Prices Are Rising While Crypto Falls Under Tariff Pressure?
- Solana Price Prediction As NYSE Launched Stock Tokenization Platform
- Bitcoin Price Outlook Ahead of Trump’s Davos Speech as Trade War Tensions Ease
- Top 3 Price Prediction for Ethereum, XRP and Bitcoin If Crypto Structure Gets Approved This Month
- Dogecoin Price Eyes a 20% Rebound Ahead of SCOTUS Ruling on Trump’s Tariffs
