Cronos

Million

Resistance

Billion

Swing

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Cronos price (CRO) is down by 0.24% in the past 24 hours and is currently trading at $0.054.</a> </li> 
 <li> <span>2</span> <a>Cronos crypto (CRO) price fell below the key moving average of 50-day EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>CRO price has been showing consolidation near the swing low for the last 33 days.&nbsp;</a> </li> 
</ul> 
<p>The Cronos price analysis illustrates a consolidation near the swing low. The bears dominate the trend which might trigger another breakdown. The bulls might try to defend the current level as the breakdown may trigger a sharp fall as no major support is present.&nbsp;</p> 
<p>The breakdown may lead the price to a two-year low value. The daily chart shows that the price has been declining continuously forming a bearish channel pattern. The CRO price is declining steadily rolling in between the upper and lower boundary of the channel.&nbsp;</p> 
<p>The CRO price also slid below the key moving average of 50 and 200-day EMA indicating bearishness in the long-term as well as short-term. The bulls made several attempts to break above the previous swing high and shift the trend. However, they failed to make a change in the trend and the price declined again.&nbsp;</p> 
<p>Currently, the price seems to be struggling to sustain near the previous swing low and thus, consolidated. The consolidation has gone on for more than 30 days still there is no dominance the at the moment.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-cronos-price-showing-consolidation-near-the-swing-low-strong"><strong>Cronos Price Showing Consolidation Near The Swing Low</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-1024x478.png" alt="Cronos Price Analysis: Will CRO Manage to Surpass $1 This Year?" class="wp-image-168057" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-409.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CRO/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/21/cronos-price-prediction-will-cronos-price-break-past-100-ema/" target="_blank" rel="noopener noreferrer nofollow">Cronos price</a> is currently trading at $0.054 and consolidating near the previous swing low. The breakdown of the range may wipe out another 6-8% of the market capitalization and drag the price down to $0.044.</p> 
<p>The volume analysis shows that the CRO crypto has received a $3.609 Million volume in the past 24 hours which is below the 10-day average volume of $6.77 Million. The crypto holds a market cap of $1.27 Billion and ranks 35th in the crypto market. The volume to market-cap ratio is 0.29% indicating a very low volatility in the market.</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-a-bearish-trend-dominance-strong"><strong>Technical Indicators Show a Bearish Trend Dominance</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-1024x478.png" alt="Cronos Price Analysis: Will CRO Manage to Surpass $1 This Year?" class="wp-image-168058" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-410.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CRO/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>MACD lines are showing a bullish cross. Also, histogram bars are being formed above the mean line but of negligible height indicating an indecisive trend at the moment.&nbsp;&nbsp;</p> 
<p>The EMA analysis shows that the <a href="https://www.thecoinrepublic.com/2023/07/21/cronos-price-prediction-will-cronos-price-break-past-100-ema/" target="_blank" rel="noopener noreferrer nofollow">CRO price</a> dropped below the 50 and 200-day EMA indicating the domination of sellers in the crypto price.&nbsp;</p> 
<p>At the time of publishing, the RSI value of the CRO token is 42.58 and that of the SMA line is 38.7. RSI is trying to recover after entering an oversold region indicating weakness on the charts.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The CRO price analysis shows that the price is in a bearish channel and below the 50 and 200-day EMAs. The price is consolidating near the previous swing low and may break down further. The breakdown may lead to a two-year low of $0.044. The volume is low and the volatility is very low. CRO crypto has a market cap of $1.27 Billion and ranks 35th in the market.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $0.05 and $0.044.</li> 
 <li><strong>Resistance levels:</strong> $0.059 and $0.061.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Cronos Price Analysis: Will CRO Manage to Surpass $1 This Year?

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