- Cronos has surged 5.77%, with analysts expecting a significant move towards $0.8868.
- CRO is forming higher lows, signaling increased market strength and potential for future growth.
- With strong support levels in place, Cronos might experience a 144% price increase towards its key breakout point.
The price of Cronos has recently shown strong signs of a bullish trajectory, breaking through key resistance levels. As the coin continues to hold its gains, a possible surge toward a significant target may be underway. The current breakout sets the stage for a possible move towards $0.8868, implying an impressive upside potential of approximately 885%. This level could indicate the beginning of a robust uptrend in the near future.
CRO’s Recent Performance and Supportive Patterns
Tracking the market performance, Javon Marks’s analysis indicates that Cronos’s market experienced a sharp decline, followed by a gradual recovery. A key downtrend is visible, with lower lows and lower highs marked from the beginning. After reaching a bottom, the price action shows a noticeable uptick, suggesting a potential reversal. The chart identifies support and resistance levels, with notable points of interest marked by price peaks and troughs.
The price briefly surged higher but failed to maintain its momentum, indicating selling pressure. A breakout from the downtrend line occurred, yet the price encountered resistance at higher levels. Volatility remains high, with large price swings during certain periods. The overall pattern suggests a mix of consolidation phases followed by sharp moves. As seen in the chart, the market’s movement continues to exhibit unpredictable behavior, with no clear long-term trend emerging yet.
In the past month, CRO has been forming higher lows in the price action. The strength in this pattern indicates a growing market strength with possibility of additional upward movement. If this continues it is then the next major target of about 962% up to the $0.8868 level. This movement is also a part of an ongoing rally that could see CRO go about 144% to reach the key breakout point.
Anticipated Bullish Momentum Revealed
The breakout above key resistance levels has positioned $CRO to possibly achieve its target of $0.8868. A 144% increase is expected as part of a broader run towards the 900% upside potential. This price target is being watched closely by analysts, as it aligns with the coin’s bullish trajectory. With strong support holding up at these levels, the momentum to reach these targets may be gaining strength.
At the time of press, CoinMarketCap data indicates that the Cronos price stands at $0.08678, with a 5.77% increase in 24 hours. The market cap is $2.3 billion, and the 24-hour trading volume is $34.82 million. The circulating supply is 26.57 billion CRO, and the total supply is 97.54 billion CRO.
As CRO continues to establish higher lows and hold firm above resistance, it could be on the verge of a significant price surge. The target of $0.8868 remains within reach, with potential gains expected in the coming weeks.
