Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Trugolf announces a list extension from Nasdaq

2025-06-02

OKX Wallet works together with Sidekick Labs to improve the Web3 accessibility

2025-06-02

Count on Fed’s decision: Is Bitcoin’s $ 100k support on the Brink?

2025-06-02
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    OKX Wallet works together with Sidekick Labs to improve the Web3 accessibility

    2025-06-02

    Taskon Partners GPT360 to accelerate the expansion of the Web3 community

    2025-06-02

    Goplus Security reveals Goplus-MCP, the first AI-Native Security Layer for Web3

    2025-06-02

    Solana to get the first Kaito-like Mindshare Leaderboard

    2025-06-01

    In and Ecocreds partner to stimulate transparent, blockchain-driven sustainability

    2025-06-01
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Goldman Sachs Banker sentenced a prison for a role in $ 4,500,000 Ransack or Malaysia’s State Investment Fund: Report

    2025-06-02

    Nobel Prize Economist says: ‘Stablecoins do not serve clearly useful function’; Co-founder of Coinmetrics does not agree

    2025-06-01

    Memecoin investors should not look at the SEC for protection, “says Commissioner Hester Pierce

    2025-06-01

    IMF requires urgent clarification of Pakistan more than 2,000 MW of Power Allowance to Bitcoin -Mybouw

    2025-06-01

    Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

    2025-06-01
  • Analysis

    Tradefi Giant and FTSE-Genotaed IG launches Retail Crypto Trading in the UK with succeeding tomorrow

    2025-06-02

    Trump’s trade war now closer to the endgame while the White House loses lawsuits, according to Tom Lee of Fundstrat

    2025-06-02

    Solana (SOL) keeps falling – is a reversal in sight?

    2025-06-02

    Bitcoin Price Eyes New winnings – Does the next leg be higher?

    2025-06-01

    Bitcoin will explode to new all time High, just like traders are super bearish to btc, according to analyst

    2025-06-01
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cronos up 25% in 24 hours: is a move to $0.204 in the offing?
Altcoins

Cronos up 25% in 24 hours: is a move to $0.204 in the offing?

2024-11-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Cronos breaks out of a declining channel and is targeting a 50% upside if momentum continues.
  • On-chain activity and cautious market sentiment support CRO’s current bullish trend.

Cronos [CRO] has attracted significant market attention with an impressive 25% increase in the last 24 hours, pushing the price to $0.137 at the time of writing.

With market capitalization rising to $3.64 billion, up 8.12% and 24-hour trading volume up over 62%, CRO’s bullish rally has attracted widespread market attention. However, the question remains: can CRO maintain this momentum and continue to rise?

Escape from a massive descending channel: what’s the next target?

CRO recently broke through a long-term bearish channel, a pattern that typically signals a potential reversal in bear markets. This breakout, which is clearly visible on the chart, suggests that downward pressure may have subsided and given way to a bullish reversal.

Given this breakout, the next major resistance target is at $0.204, a key psychological level that if reached could represent a significant 48% upside from the current price.

However, achieving this goal will require sustained buying pressure and increased momentum. Therefore, CRO’s ability to break and hold above nearby resistance levels will play a crucial role in determining whether this rally continues or stalls.

CRO chart analysisCRO chart analysis

Source: TradingView

Technical CRO indicators point to further volatility

Technical indicators further emphasize CRO’s bullish trend. The recent moving average (MA) crossover, which saw the 9-day MA at $0.0964 break above the 21-day MA at $0.0838, confirms this momentum shift, indicating that buyers are gaining control.

Furthermore, the Average True Range (ATR) has risen sharply to 0.0103, reflecting increased volatility. This increased ATR suggests that CRO could experience significant price swings in the coming days, making it essential for traders to keep a close eye on support and resistance.

CRO technical indicatorsCRO technical indicators

Source: TradingView

Statistics about the chain show increasing involvement

On-chain data shows that CRO network activity has also increased, reinforcing the bullish outlook according to CryptoQuant’s analyses. Active addresses grew by 1.44% over the past 24 hours, while the number of transactions increased by 1.47%, reaching a total of 2,317,000.

See also  Is Solana hinting at a continued rally?

This increase in networking activity demonstrates greater engagement within the CRO ecosystem, a sign of growing trust and participation among users and investors.

Source: CryptoQuant

Market sentiment: The long/short ratio indicates cautious optimism

Market sentiment, as illustrated by the long/short ratio, is currently hovering around an even split, with 49.17% of positions long and 50.83% short. This balanced ratio reflects cautious optimism among traders, with a slight bias towards short positions, indicating some uncertainty about the sustainability of the rally.

However, a shift in sentiment could quickly lead to further gains if the ratio starts to favor long positions.

Source: Coinglass

Can CRO maintain its upward momentum?

With a strong breakout from a descending channel, positive technical indicators, rising on-chain activity and cautious market sentiment, Cronos appears poised for further gains.

However, the token’s ability to maintain its upward trajectory will depend on continued buying interest and resilience at critical resistance levels.

As volatility increases, CRO’s performance in the coming days will reveal whether this rally has staying power in the competitive altcoin landscape.

Next: Pepe: Can the memecoin reach new ATH as savvy DEX traders pile in?

Source link

Cronos Hours Move offing
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Top 3 reasons why XRP -price rally is possible in June 2025

2025-06-02

Is Solana’s newest divergence the first sign of a trend shift for the price of Altcoin?

2025-06-02

XRP price that risks more losses – Can important support hold?

2025-06-02

Ethereum & Solana Investors are expressing despite the silence of SEC – here is why

2025-06-01
Add A Comment

Comments are closed.

Top Posts

Bitcoin -Walvissen absorb market pressure, but is a parabolic run really coming?

2025-04-12

Ripple Locks 1 Billion XRP: Here’s How the Token Reacted

2023-12-02

XRP and XLM in lockstep? Expert sheds light on their surprising price synchronization

2023-12-19
Editors Picks

Fuse Blockchain increases interoperability with Hyperlane integration

2024-08-05

Chainlink data feeds strengthen Linea’s Layer 2 network potential

2023-11-01

Binance CEO Richard Teng Demands Release of Jailed Nigeria Employee and Offers Help to Resolve Tax Problems

2024-05-08

Tom Lee predicts that Bitcoin will reach $250,000 by 2025 under Trump

2024-12-13

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Trugolf announces a list extension from Nasdaq

OKX Wallet works together with Sidekick Labs to improve the Web3 accessibility

Count on Fed’s decision: Is Bitcoin’s $ 100k support on the Brink?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,172.74-0.17%
  • ethereumEthereum(ETH)$2,511.680.59%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.150.50%
  • binancecoinBNB(BNB)$655.210.69%
  • solanaSolana(SOL)$153.500.82%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.1908640.69%
  • tronTRON(TRX)$0.267635-0.15%
  • cardanoCardano(ADA)$0.671.35%
  • suiSui(SUI)$3.28-0.16%
  • hyperliquidHyperliquid(HYPE)$33.113.10%
  • chainlinkChainlink(LINK)$13.76-0.78%
  • avalanche-2Avalanche(AVAX)$20.610.59%
  • stellarStellar(XLM)$0.2664230.97%
  • bitcoin-cashBitcoin Cash(BCH)$402.140.40%
  • the-open-networkToncoin(TON)$3.150.69%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-3.68%
  • shiba-inuShiba Inu(SHIB)$0.0000130.30%
  • hedera-hashgraphHedera(HBAR)$0.1690591.56%
  • litecoinLitecoin(LTC)$88.431.19%
  • moneroMonero(XMR)$363.9011.16%
  • polkadotPolkadot(DOT)$4.040.24%
  • bitget-tokenBitget Token(BGB)$4.730.98%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.0000121.10%
  • piPi(PI)$0.64-0.39%
  • uniswapUniswap(UNI)$6.261.69%
  • aaveAave(AAVE)$247.552.24%
  • bittensorBittensor(TAO)$409.55-1.68%
  • crypto-com-chainCronos(CRO)$0.1044871.90%
  • aptosAptos(APT)$4.740.88%
  • okbOKB(OKB)$49.60-0.67%
  • nearNEAR Protocol(NEAR)$2.430.94%
  • ondo-financeOndo(ONDO)$0.831.34%
  • internet-computerInternet Computer(ICP)$4.910.48%
  • ethereum-classicEthereum Classic(ETC)$16.991.06%
  • gatechain-tokenGateToken(GT)$19.230.14%
  • mantleMantle(MNT)$0.681.24%
  • kaspaKaspa(KAS)$0.0860091.63%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2151101.21%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.17-0.75%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.0242201.12%
  • render-tokenRender(RENDER)$3.850.48%
  • ethenaEthena(ENA)$0.3111111.29%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.751.24%
  • worldcoin-wldWorldcoin(WLD)$1.141.07%
  • filecoinFilecoin(FIL)$2.550.58%
  • bitcoinBitcoin(BTC)$104,172.74-0.17%
  • ethereumEthereum(ETH)$2,511.680.59%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.150.50%
  • binancecoinBNB(BNB)$655.210.69%
  • solanaSolana(SOL)$153.500.82%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.1908640.69%
  • tronTRON(TRX)$0.267635-0.15%
  • cardanoCardano(ADA)$0.671.35%
  • suiSui(SUI)$3.28-0.16%
  • hyperliquidHyperliquid(HYPE)$33.113.10%
  • chainlinkChainlink(LINK)$13.76-0.78%
  • avalanche-2Avalanche(AVAX)$20.610.59%
  • stellarStellar(XLM)$0.2664230.97%
  • bitcoin-cashBitcoin Cash(BCH)$402.140.40%
  • the-open-networkToncoin(TON)$3.150.69%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-3.68%
  • shiba-inuShiba Inu(SHIB)$0.0000130.30%
  • hedera-hashgraphHedera(HBAR)$0.1690591.56%
  • litecoinLitecoin(LTC)$88.431.19%
  • moneroMonero(XMR)$363.9011.16%
  • polkadotPolkadot(DOT)$4.040.24%
  • bitget-tokenBitget Token(BGB)$4.730.98%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.0000121.10%
  • piPi(PI)$0.64-0.39%
  • uniswapUniswap(UNI)$6.261.69%
  • aaveAave(AAVE)$247.552.24%
  • bittensorBittensor(TAO)$409.55-1.68%
  • crypto-com-chainCronos(CRO)$0.1044871.90%
  • aptosAptos(APT)$4.740.88%
  • okbOKB(OKB)$49.60-0.67%
  • nearNEAR Protocol(NEAR)$2.430.94%
  • ondo-financeOndo(ONDO)$0.831.34%
  • internet-computerInternet Computer(ICP)$4.910.48%
  • ethereum-classicEthereum Classic(ETC)$16.991.06%
  • gatechain-tokenGateToken(GT)$19.230.14%
  • mantleMantle(MNT)$0.681.24%
  • kaspaKaspa(KAS)$0.0860091.63%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2151101.21%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.17-0.75%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.0242201.12%
  • render-tokenRender(RENDER)$3.850.48%
  • ethenaEthena(ENA)$0.3111111.29%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.751.24%
  • worldcoin-wldWorldcoin(WLD)$1.141.07%
  • filecoinFilecoin(FIL)$2.550.58%