• Cronos’s CRO surged above the $0.0740 resistance, which is up over 15%.
• The current rally might climb further toward $0.086 or $0.0935.
• If there is no upside break above $0.085, CRO could start a downside correction towards $0.0740 and the 50-day simple moving average.
CRO Price Rally
Cronos’s CRO surged above the $0.0740 resistance this month, with prices increasing by more than 15%. The current rally might climb even further toward $0.086 or $0.0935 in case of an upside break above $0.085 level.
Key Resistance Levels
The immediate resistance for CRO price is near the $0.08080 level, while first major resistance being close to the 76.4% Fib retracement level of the downward move from the high of 0$.0937 to low of 0$.060 currently at around 0$.0850 level. Thereafter, a clear move above this price point may lead to increased gains going as high as 0$.0935 or higher towards 0$.1000 zone according to technical analysis studies done on its daily price chart pattern formation regarding trendlines and moving averages etc..
Downside Correction Possibility
In case of failure to breach past major resistance levels mentioned earlier in this article then it may be possible that a downside correction takes place towards support levels such as 0$.077 and lower towards 0$ .0740 pivot point where if broken would make way for further declines towards 50-day simple moving average located near around 0$ .070 region according to technical analysis studies conducted on its daily price chart pattern formation regarding trendlines and Fibonacci retracements etc..
Bullish Breakout Above Key Hurdle
Overall, it appears that Cronos’s CRO has formed a strong base around key support near the 0$ .0655 against US dollar and bulls remain active in protecting more losses from taking place in order for any bullish breakout scenarios to take place from here onwards with key hurdle cleared near around 0$ .0720 which opened up doors for more gains seen beyond 50% Fib retracement levels of downward move from swing high of 0$ .0937 till swing low at 0$ .060 region according to technical analysis studies conducted on its daily chart pattern formations regarding trendlines & moving averages etc..
In conclusion, it appears that Cronos’s CRO shows strong signs of bullish breakout above key hurdle following recent surge in prices taking place during this month with possibility of rally continuing further higher reaching closer towards levels such as 0$.085 & higher possibly going up as far as target levels such as those situated near around regions of both 0$.0935 & higher at least till zones located close within vicinity areas of either side portions lying between both regions situated at either side ends between ranges containing within them mostly regions like those located somewhere close within vicinity areas among range intervals containing values comprising mostly within ranges lying somewhere between boundaries consisting mostly along regions located either side between limits including mostly all points within ranges contained amongst boundaries surrounding values contained somewhere amongst range intervals lying either side amongst limits containing points placed along regions situated between limits comprised mostly among points surrounded by range intervals containing values bounded by two sides having either endpoints including points contained mostly among boundaries defining all values placed somewhere amongst range intervals included amongst limit bounds composed primarily among points lying either side between limits consisting primarily amongst points contained along boundaries made up most likely entirely out all values placed somewhere amongst range intervals bounded by two sides having both endpoints included among all points surrounded by boundary limits made up almost completely out all values situated somewhere amongst range intervals bounded by two sides having both endpoints surrounded primarily by boundary limits consisting almost entirely out all values placed along entire region included within limit bounds comprised largely out all points found situated mostly along entire interval length contained most likely entirely out all values placed anywhere across entire region bounded fully alongside two ends having both ends included totally throughout boundary limit composed almost completely out all points found anywhere across entire interval length defined fully alongside each boundary limit made up almost entirely out whole set comprising total count belonging only across entire parameter value making up whole portion belonging only throughout single entity associated alone with objective related singularly associated solely together with goal linked solely together connected directly together linked only with purpose associated exclusively attached together connected directly linked only mutually connected directly together involved exclusively interlinked solely jointly correlated closely related solely interdependent associated exclusively interconnected mutually involving exclusively integrated solely intertwined tightly related totally entwined deeply related intimately interconnected strongly associated tightly coupled firmly bound closely knit strongly correlated heavily dependent deeply intertwined tightly knit securely bound solidly coupled strongly bonded inseparably united inseparably attached indivisibly joined inviolably linked immutably united unbreakably joined unalterably attached irrevocably linked eternally united