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CRO Price Analysis: Crypto.com finds resistance at $0.18718, what’s next?

CRO Price Analysis

TL;DR Breakdown

  • 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.

CRO price analysis
CRO price analysis on daily chart by TradingView

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.

CRO Price Analysis: Crypto.com finds resistance at $0.18718, what's next? 1
CRO price analysis on daily chart by TradingView

Final verdict

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.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
John Palmer

John Palmer

John Paul is an enthusiastic crypto writer with an interest in Bitcoin, Blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience.

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