- The 20-day EMA act as strong dynamic support to the CRO coin price
- The CRO/BTC pair was trading at 0.00003699 BTC with a gain of 5.04%
- The 24-hour trading volume in CRO is $340.4 Million, indicating a 42.17%
The CRO coin offered an excellent opportunity for Crypto Investors with the formation of a rounding bottom pattern in the daily time frame. On November 2nd, the coin price finally managed to give a proper breakout from the $0.246 neckline, supported by a massive surge in trading volume.
The CRO coin’s market price is trading above the crucial EMAs 20, 50, 100, and 200, indicating a strong bullish trend. Moreover, the coin price is obtaining strong dynamic support from the 20 EMA line.
The RSI value (BULLISH) is at 69, indicating a strong bullish sentiment for this coin.
The CRO coin Chart In The 4hr Time Frame
In this lower time frame chart, the CRO coin shows a minor pullback to this $0.246 level, which would validate if this breakout was genuine or not. Moreover, if the price managed to sustain above this level, the crypto trade could grab a great entry opportunity for them. The current price of the CRO coin is $0.347, with an intraday gain of 3.54%.
According to the traditional pivots, the nearest horizontal resistance for CRO price is $.0277, followed by the $0.3 mark. However, If the price fails this mentioned retest at the $0.23 level, the next significant support would be $0.2.
The moving average convergence/divergence indicator (BULLISH) shows both the MACD line and signal lines moving higher above the neutral zone (0.00), indicating bullish sentiment.
Conclusion: From the technical perspective, the overall sentiment of the CRO coin is strongly bullish. And as mentioned above, the breakout from a bullish price pattern indicates even more growth potential for this coin.
Support– $0.246
Resistance– $0.27