CRONOS PRICE ANALYSIS & PREDICTION (March 28) – CRO Posts 7% Gains as Several Altcoins Bleeds, Can it Sustain Pressure?
CRO’s price has remained strong on a weekly scale, but is now facing serious hurdles amid retracement. However, it has posted a major gain scale while several altcoins are currently in the red.
This month marks a temporal halt in CRO’s price after three months of steady drops. After establishing support, it initiated a buy and retraced but the $0.1 level posed threat and the price dropped into consolidation.
Following this week’s surge that sent the price to a month high, it faced a rejection and paused buying pressure on Tuesday. This led to a drop throughout Wednesday, but the bull defended the $0.1 level well and pushed the price back yesterday with a strong close. They sustained the pressure earlier today before facing a rejection again at around $0.11.
This level has been a tough hurdle for the bulls this week, and from the look of things, the bulls may lose control due to the latest supply in the crypto space. Currently, several altcoins are in red because of a major price drop in the past hours. However, CRO still shows strength daily.
If the current altcoins drop lead to another major meltdown, CRO may completely halt buying and join the bearish rally. Though, it may defy the odds and continues to show strength daily with an increasing demand.
CRO’s Key Level To Watch
Currently, it sits well above $0.1 despite today’s rejection. A drop off this level could bring a pullback to $0.09. Right below this level lies the $0.077 and $0.068 supports in case of a meltdown.
Overcoming the current hurdles, there’s a close resistance at $0.123. Above lies the $0.1495 level. If the price retraces above these levels, CRO’s next target resistance would be $0.17.
Key Resistance Levels: $0.123, $0.1495, $0.17
Key Support Levels: $0.103, $0.09, $0.077
- Spot Price: $0.107
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
