CRO higher low at $0.6551 on the daily chart Coin Price Analysis: CRO higher low at $0.6551 on the daily chart 1

TL;DR Breakdown

  • Coin price analysis is bullish today.
  • CRO/USD rallies by 12%.
  • Bullish momentum is still strong today.

The increase in CRO price is encouraging today since we witnessed a new higher low established overnight, reaching $0.6551, which indicates that buying pressure remains intense. As a result, we anticipate CRO/USD to rise another 24 hours.

Cryptocurrency heat map. Source: Coin360

Data from the overall cryptocurrency market indicates the majority of the coins are trading in the red zone. Solana and CRO are the only gainers in the last 24-hours with 3.56 and 12.56 percent respectively. Market leaders Bitcoin and Ethereum shed 2.97% and 4.2% of their value. Coin price movement in the last 24 hours: Coin continues to rally, sets high low at $0.6551

The $CRO/USD pair has been moving in a wide range over the last 24 hours, ranging from $0.6551 to $0.7814, suggesting a moderate degree of volatility during that time period. Trading volume has dropped by 24%, with $501.9 million exchanged, while the market has remained open.

CRO/USD 4-hour chart: CRO looks to continue higher?

On the 4-hour chart, we can see that the price action is still in a strong position for further gains over the next 24 hours. coin price analysis
CRO/USD 4-hour chart. Source: TradingView

This week, the value of has soared by leaps and bounds. Last week’s retracement was followed by another high low, after which there was further appreciation on Tuesday. On Monday this week, CRO/USD rose even higher, hitting the $0.52 rising trend line

The price moved into a higher high of $0.46, after which it retraced to test the $0.38 support level once again. Another push higher followed, this time reaching the $0.56 mark on Wednesday. On Tuesday, there was a minor decline following the third push upward, but otherwise, things proceeded as normal.

The price of CRO on rose another 20% to $0.58, establishing a new all-time high. We’ve seen consolidation around the newly minted high, suggesting that bulls are attempting to push prices higher yet. Coin Price Analysis: Conclusion 

The price of CRO/USD is on the rise today, as we hit another 24-hour high. As a result, we anticipate CRO/USD to continue rising over the next 24 hours.

While waiting for Solana to move further, see our guides on the Best crypto exchange, how to mine Coin Classic, and Cardano vs Coin.

Disclaimer. The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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