CRO/USD Remains Indecisive as Price Stays Intact – Cryptovibes.com – Daily Cryptocurrency and FX News
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Cronos Price Analysis – March 26
As the daily chart reveals, the Cronos price may recover its loss but yet to cross above the $0.46 price mark.
CRO/USD Market
Key Levels:
Resistance levels: $0.55, $0.60, $0.65
Support levels: $0.35, $0.30, $0.25
The Cronos (CRO) is currently trading at $0.45 after the price was rejected at around $0.46. Meanwhile, the coin may remain above the 9-day and 21-day moving averages as bears could step back into the market but the main question now is when will CRO move to cross above the upper boundary of the channel? It seems that traders may have to bear some patience to enjoy some returns in the market soon.
Cronos Price Analysis: Where is CRO Price Going Next?
The Cronos bulls have to keep the price above the 9-day and 21-day moving averages to build an additional upside momentum by gaining traction with the next focus on $0.50, followed by psychological $0.55, $0.60, and $0.65 resistance levels. Looking at the daily chart, on the downside, the initial support may be located at $0.35, $0.30, and $0.25 respectively. Moreover, the market may continue to move sideways as the technical indicator Relative Strength Index (14) moves in the same direction above 60-level.
CRO/BTC Market: Price Stays Above the Moving Averages
Against Bitcoin, the Cronos price is changing hands at 1022 SAT and it is currently trading above the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) suggests that the price may continue with sideways movement as the signal line remains above 50-level. Meanwhile, any bullish cross above the upper boundary of the channel may hit the resistance level at 1200 SAT and above.
However, if the sellers bring the market price beneath the moving averages, the next level of support could be located at 850 SAT and below. Meanwhile, the trading volume is seen fading out while the red-line of 9-day MA moves to cross above the green-line of 21-day MA.
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