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Bullish Surge Lifts Cronos (CRO) to 7-Day High: Potential Reversal Ahead?

Published 14/07/2023, 12:54
Bullish Surge Lifts Cronos (CRO) to 7-Day High: Potential Reversal Ahead?

  • CRO bulls dominate, pushing the price to a 7-day high of $0.06019 amid increased investor interest.
  • Resistance at $0.06019 poses a challenge, but a break could lead to further gains toward $0.06250.
  • Bearish signals emerge with fading bullish momentum, suggesting a potential reversal or correction in the CRO market.

Bulls in the Cronos (CRO) market have seen their strength peak in the last 24 hours, soaring the price from a low of $0.05758 to a 7-day high of $0.06019. Despite resistance at the intraday high, CRO bulls maintained market control as of press time, resulting in a 3.68% gain to $0.05989.

A break above this resistance level could lead to further gains for CRO bulls, with the 30-day high of $0.06250 as the next target. If the resistance remains strong, investors can expect a consolidation phase or a minor pullback in the coming days before another attempt to break through.

During the surge, CRO’s market capitalization and 24-hour trading volume increased by 3.54% and 192.10%, respectively, to $1,511,019,231 and $22,228,718. This surge indicates a significant increase in investor interest and activity in CRO, which may contribute to CRO’s upward tr…

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