CRO Price (Cronos) Pumps Over 12%, Why This Could Be The Start of Bigger Rally

Dec 5, 2022 06:00 am Cryptocurrency 140

CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong move towards the $0.094 level in the near term.

CRO price started a decent increase above the $0.065 resistance against the US dollar.

The price is trading above $0.070 and the 100 simple moving average (4-hours).

There was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair (data source from Coinbase).

The pair could continue to rise towards the $0.080 and $0.094 resistance levels.

Cronos CRO Price Eyes Fresh Rally

This past month, cronos’s price found support near the $0.0615 zone against the US Dollar. CRO formed a base above the $0.0615 and $0.0620 levels before it started a fresh increase.

There was a clear move above the $0.0650 resistance zone and the 100 simple moving average (4-hours) to move into a positive zone. Besides, there was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of ..

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