- CRO price analysis is sideways for today, up by 0.38%.
- CRO price resistance remains intact at $0.19718.
- The price support at $0.18272 holds, preventing a downtrend.
CRO price analysis shows that the price of the token has been sluggish for the past 24-hours as the data from CoinMarketCap suggests that the trading volume of the token is down by 14.17% while the market cap is down by 0.99%.
With the prices of the token rising by more than 19.99% for the month of October, Crypto.com token prices have turned bullish in the short term, performing extraordinarily well in the first half of 2021.
CRO price analysis using technical indicators
According to the technical indicators on the daily chart, the bulls are trying to take control of the prices as the CRO/USDT pair is above the 50-day as well as the 100-day Moving Average.
Furthermore, the CRO/USDT price action is trying to reach the upper end of the Bollinger Bands. If the trading volume increases, we can expect a breakout.
The Crypto.com price analysis can be done using the RSI indicator, which shows that the gradient is slightly positive while the line is still above 50-level. This means that the price action is still in the bullish region.
The MACD indicator suggests a bearish divergence as the histogram turns green. It is possible that we might see lower prices in the near future. On the whole, we can see that the CRO price analysis is sluggish for today as the buying pressure is unable to match the selling pressure.
The CRO price analysis for today can be concluded on a sluggish note which implies that lower prices might follow. However, the crypto market will always surprise you. Until you wait for the magic to happen, please take a look at our guides, you might find something that you never knew.