Crypto.com Coin Price Analysis: CRO breaks $0.35, starts to reject downside?
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TL;DR Breakdown
- Crypto.com Coin price analysis is bullish today.
- CRO/USD broke next support at $0.35 this morning.
- Support potentially found at $0.33.
Crypto.com Coin price analysis is bullish today as we have seen signs of rejection for further downside over the past hours after a spike to $0.33 this morning. Therefore, CRO?USD has potentially bottomed out for now, leading to a retracement later today.
The market has continued to sell-off over the last 24 hours. The market leaders, Bitcoin and Ethereum, are down by 8.66 and 14.23 percent. Meanwhile, the rest of the top altcoins follow with similar losses.
Crypto.com Coin price movement in the last 24 hours: Crypto.com Coin drop another 20 percent
CRO/USD traded in a range of $0.328 – $0.4082, indicating large volatility over the last 24 hours. Trading volume has increased by 9 percent, totaling $259 million, while the total market cap trades around $8.5 billion, ranking the coin in 19th place overall.
CRO/USD 4-hour chart: CRO begins to reverse above $0.33?
On the 4-hour chart, we can see the Crypto.com Coin price finding slight rejection over the last hours after a test of $0.33 mark.
Crypto.com Coin price has seen a steady decline since last month when a new higher high was set at $0.69. Since then, CRO/USD has continuously tested further downside, with the last major support around the $0.44 mark.
On the 20th of January, a brief recovery set another local lower low at $0.47. Selloff intensified since then, leading to a drop of another 30 percent since then.
Previous major support at $0.35 was broken this morning, with the $0.33 mark tested over the last hours. Likely bears are finally exhausted, meaning we can expect retracement to follow later in the weekend.
Crypto.com Coin Price Analysis: Conclusion
Crypto.com Coin price analysis is bullish today as we expect a reversal to follow shortly. Since CRO/USD dropped another 20 percent and has found a slight reaction at $0.33, we expect a retracement to finally follow.
While waiting for Crypto.com Coin to move further, see our articles on Coinbase Vault vs Wallet, Cardano price prediction, and crypto tax-loss harvesting.
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