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- 1 Cronos coin witnessed a rebound and reflects bullishness on the charts.
- 2 ThorChain (RUNE) coin gained momentum as the bulls accumulated.
- 3 Flare coin replicated follow on buying momentum and noted a rally.
Cronos (CRO), ThorChain (RUNE), and Flare (FLR) crypto replicated outperformance and signifies bullishness. These cryptocurrency replicates signs of institutional buying, and investor interest was exhibited. Buyers have persisted in accumulation, and investors must watch out for these crypto assets to gain profits in the short term.
Cronos (CRO) Displays Rebound, Can It Exceed $0.1100?
Cronos (CRO) coin displayed a pullback from the critical support level of $0.07800, which was witnessed in the recent sessions. Additionally, the coin has picked strength, and follow-on buying momentum was exhibited. Furthermore, the coin price has climbed above the 20 and 50-Day EMAs mark but has yet to cross the 100-Day EMA mark to initiate a rally soon.
The Cronos coin (CRO) price was $0.1022 at press time, with an intraday gain of 10.30%, showing bullishness on the charts. Moreover, the trading volume has increased by 248.23% to $30.85 Million, and the market cap has risen to $1.55 Billion. Analysts are bullish and suggest that the Cronos coin (CRO) will continue to show bullishness and may retest $0.1100 soon.
THORChain Displays Rising Channel, Can RUNE Reach $7?
THORChain (RUNE) coin shows a bounce from the support zone of $4 as it gained strength in the last few sessions. A rising parallel channel was formed, and higher high swings were witnessed on the chart. Additionally, the coin remarked a bullish crossover, and buyer accumulation was exhibited.
The THORChain coin (RUNE) price was $5.99 at press time, with an intraday gain of 10.30%, showing bullishness on the charts. Moreover, the trading volume has increased by 248.23% to $30.85 Million, and the market cap has risen to $1.55 Billion. Analysts are bullish and suggest that the THORChain coin (RUNE) has picked strength and may retest $7 soon.
Flare (FLR) Revealed Follow On Buying Momentum, Can FLR Reach $0.600?
The flare (FLR) coin has made a surprising move, and follow-up buying momentum was noted in the last sessions. The coin has surged over 70% this week and witnessed a sharp spike on the charts. Moreover, the coin has reached the blue sky zone and noted a rally. Additionally, the coin grasped momentum and will continue outperforming in the following sessions.
The Flare coin (FLR) price was $0.5232 at press time, with an intraday gain of 11.44%, showing bullishness on the charts. Moreover, the trading volume has increased by 16.20% to $98 Million, and the market cap has risen to $1.81 Billion. Analysts are bullish and suggest the Flare coin (FLR) may extend gains toward $0.6000 soon.
Summary
Cronos (CRO), THORChain (RUNE), and Flare (FLR) reflected fresh buying momentum and are delivering outperformance this week. Investors must look out for these cryptocurrencies and mark the below levels to add to their portfolio in 2024.
Technical Levels
Support Levels of RUNE:$5.20 and $5.00
Support Levels of CRO: $0.1000 and $0.0920
Support Levels of FLR: $0.5000 and $0.4800
Resistance Levels of RUNE: $$6.20 and $6.50
Resistance Levels of CRO: $0.1100 and $0.1200
Resistance Levels of FLR: $0.5500 and $0.5800
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
