Altcoins News
By Maheen Hernandez
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Bullish Market Structure and Strong Buying Pressure. On the daily chart, Cronos has established a bullish market structure, with rising buying pressure…
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Potential Pullback and Liquidation Risk. Despite the bullish outlook, there are signs that a short-term pullback could occur.
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Key Levels to Watch: $0.10 and Beyond. The $0.10 level is a critical price point for Cronos.
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Conclusion: What’s Next for CRO?. In summary, Cronos (CRO) has shown impressive price action, breaking through key resistance levels…
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Cronos (CRO), the cryptocurrency associated with Crypto.com, has been making waves recently, with a notable price surge over the last 36 hours.
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On the daily chart, Cronos has established a bullish market structure, with rising buying pressure supporting the price action. The asset recently surpassed the $0.
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The On-Balance Volume (OBV) metric, which tracks trading volume relative to price movement, showed a significant uptick, confirming the strength behind the recent breakout.
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Despite the bullish outlook, there are signs that a short-term pullback could occur. The liquidation heatmap suggests a possible 5% dip in Cronos’ price before any continuation…
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In addition, the Funding Rate for Cronos has been sharply negative, currently standing at -0.3%.
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The $0.10 level is a critical price point for Cronos. If the asset manages to flip this level into support, it could set the stage for a continued rally.
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Looking at the 1-week liquidation heatmap, two zones of interest stand out: $0.098 and $0.118. These levels are likely to play a significant role in the coming days.
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In summary, Cronos (CRO) has shown impressive price action, breaking through key resistance levels and establishing a bullish market structure. While a minor pullback to the $0.
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