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- 1 CRO price stayed near the 20 day EMA and is showing a pause.
- 2 Buyers are attempting for a breakout above the prompt hurdle of $0.11000.
CRO price displays a flag and pole pattern and is close to recording a breakout, where buyers are halting the gains and trying to escape the psychological round mark of $0.10000. However, the sellers did not permit the bulls to ride the rally and are facing refusal in the last sessions.CRO price is trading near the resistance zone of $0.10000 and forming a morning star candlestick.
CRO price is trading above neutrality and is in the bullish trajectory, indicating the bulls dominance for the past sessions. Moreover, the price action reveals the bullish momentum, and buyers have persisted in adding long positions, are trying to endeavour for gains, and are looking to reach the swing high of $0.12000. Per the Fibonacci retracement levels, CRO price is above 38.2% and is close to the 50% Fib zone.
The live price of CRO crypto is $0.09799, with an intraday gain of 3.50%, showing neutrality on the charts. Moreover, the trading volume increased by 1.47% to $10.78 Million. However, the pair of CRO/BTC is at 0.00000229 BTC, and the market cap is $1.50 Billion. Analysts have maintained a neutral rating and suggest volatility may continue in the following sessions.
CRO On Daily Charts Displays Flag & Pole Pattern
On the daily charts, the CRO price exhibited an interlude and showed an accumulative view by carrying support from the lower trendline near the 20-day EMA mark. Moreover, the technicals suggest that if CRO price succeeds in upholding gains above the hurdle of $0.10000, it will skyrocket and may reach the swing high of $0.13000.
The Relative Strength Index (RSI) curve stayed near the midline, showing neutral sentiments and equal interest of bulls and bears. The MACD indicator showed a bearish crossover and formed red bars on the histogram, suggesting the sellers attempt to throw back.
Weekly Charts Shows Range Breakout
On the weekly chart, the CRO price portrayed a range breakout and claimed the 100-day EMA, but post-rejection, it stayed below it. However, the buyers have retrieved strength and are looking aggressive, setting their sight to strike the immediate 200-day EMA to spread the up-move in the following sessions.
Furthermore, the CRO price has assembled a doji candlestick near the 20-day EMA on the lower trendline and is ready for another rise. Additionally, the range breakout foresees that CRO may extend the bullish rally and proceed to the swing high of $0.13000 in the following sessions.
Summary
CRO price found support on the 20-day EMA and depicted a flag and pole pattern, signaling a jump in the upcoming sessions. Buyers are keeping the gains and will resume the performance above the prompt hurdle of $0.11000.
Technical Levels
Support Levels: $0.09500 and $0.09300
Resistance Levels: $0.12000 and $0.15000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
