Cronos

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CRO price fell below the 20-Day EMA (support zone) amid sustained selling pressure.</a> </li> 
 <li> <span>2</span> <a>CRO price was rejected from the round mark of $0.1000.</a> </li> 
</ul> 
<p>CRO price action reflects profit booking and is sliding toward the 200-day EMA, displaying a breakdown on the charts. CRO price has slipped below the 20-Day and 50-Day EMAs and is heading to the lower neckline of the range near $0.08500. Furthermore, the price action reveals seller dominance and low investor interest in recent sessions.</p> 
<p>CRO price is trading above the 200-day EMA and is struggling below the round mark of $0.1000, signaling bearish pressure in recent sessions. Buyers are trying their best to lift the gains but are facing rejection, which is a clear sign that sellers have persisted in forcing the bulls, resulting in a retracement. Moreover, the technicals are suggesting that CRO price may face consolidation in the following sessions.</p> 
<p>At press time, Cronos (CRO) is trading at $0.8929 with an intraday drop of 4.88%, showing a neutral projection. Moreover, the trading volume remained neutral at&nbsp; $15.06 Million, indicating selling pressure. The pair of CRO/BTC was noted at 0.00000204 BTC, while the market cap is $1.36 Billion. Analysts have maintained a neutral rating and suggest that the Cronos price will soon retest its 200-Day EMA mark.</p> 
<h2 class="wp-block-heading" id="strong-cro-on-daily-chart-reveals-neutrality-strong"><strong>CRO on Daily Chart Reveals Neutrality</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-1024x474.png" alt="CRO Price" class="wp-image-187017" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-105.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <strong>Source: <a href="https://in.tradingview.com/" target="_blank" rel="noreferrer noopener"><strong>CRO/USD</strong> </a>Chart by TradingView</strong>
  </figcaption>
 </figure>
</div> 
<p>On the daily chart, CRO price was in a narrow range and hovered below the 20-Day EMA zone displaying neutrality in recent sessions. Moreover, the trend reflects bearish pressure. CRO price may soon slip to the lower support mark of $0.08000.</p> 
<p>The relative strength index (RSI) curve stayed below the midline near 40, showing a negative crossover, indicating neutrality on the charts. Moreover, the MACD indicator showed a bearish crossover and formed red bars on the histogram, suggesting that the Cronos price may continue to lose the gains.</p> 
<h2 class="wp-block-heading" id="strong-weekly-chart-displays-rejection-from-100-day-ema-strong"><strong>Weekly Chart Displays Rejection From 100 Day EMA</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-1024x474.png" alt="CRO Price" class="wp-image-187018" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-106.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <strong>Source: <a href="https://in.tradingview.com/" target="_blank" rel="noreferrer noopener">CRO/USD </a>Chart by TradingView</strong>
  </figcaption>
 </figure>
</div> 
<p>On the weekly chart, CRO price displayed a rejection candlestick and reverted from the 100-day EMA mark, revealing a strong seller’s grip. A bearish crossover was also spotted, which will drag <a href="https://www.thecoinrepublic.com/2024/01/03/cronos-price-prediction-can-cro-crypto-reach-1-by-2029/" target="_blank" rel="noreferrer noopener">Cronos price </a>toward the 20-day EMA and signal a short-term retracement.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>CRO price stayed in a narrow range and is heading to retest the lower neckline support zone of $0.08000 near the 200-day EMA mark. Furthermore, the technicals are signaling a selloff and CRO price may continue to lose gains. The RSI is below 40 and the MACD displayed a bearish crossover.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong>&nbsp; $0.08000 and $0.07500</p> 
<p><strong>Resistance Levels:</strong>&nbsp; $0.09600 and $0.1000</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

CRO Price Prediction: CRO Facing Rejection, Will it Hold $0.0900?

Table of Contents

Thecoinrepublic.com

Other articles published on Jan 6, 2024

BlackRock expects spot Bitcoin ETF approval this Wednesday

VanEck to Commit 5% of Bitcoin ETF Profits to Core Developers for 10 Years

Morgan Stanley downgrades USD rating – The catalyst?

Terraform Labs’ Legal Strategy Against SEC’s Expert Witness

Marathon Now Holds 15,174 Bitcoin After The Latest Update

Crypto Daily Roundup 06 Jan: All Eyes on the Imminent ETF Verdict

Join our free newsletter for daily crypto updates!