CRO broke out of his multi-week consolidation phase after new developments within his ecosystem and the announcement of potential ETF plans.
Cronos (CRO), 38% rose to an intraday highlight of $ 0.114 on March 25 Asian afternoon, because it broke out from his consolidation range of $ 0.07- $ 0.095 in which it had stuck in the past 4 weeks. Market capitalization was $ 2.26 billion, while his daily trade volume shot up more than 1,300% to almost $ 300 million in the midst of a large influx of commercial activity.
Today’s win followed report That Trump Media & Technology Group, the parent company of Truth Social, has entered into a non-binding partnership with Crypto.com to launch a new line of exchange-bound products under the Truth.fi Brand.
These upcoming ETFs and ETPs are expected to contain cryptocurrencies such as CRO and Bitcoin in addition to traditional effects that emphasize a “made in America” theme, the touch of industries such as energy, production and more.
Investors are hyped because the initiative in the broader strategy of Line Crypto.com seems to be, which includes plans to submit a special CRO ETF later this year, probably in the fourth quarter.
In the meantime, the Altcoin also picked up traction because the project is set for a minstet -upgrade tomorrow, March 26 at 7:00 AM UTC.
The upgrade will introduce Smart Account SSO, so that users log in with Google, Apple ID or Email, which eliminates the need for seeds or private keys. It also lays the foundation for the ZK gateway, which is expected to improve the interoperability of the cross-chain for ZK-Rollup chains.
Derivators traders stack in CRO, with open interest in its futures market, almost more than $ 44 million in one day, according to Coinglass. Social sentiment has also become positive, with CRO -Trending on X.
Market commentators are bullish about the long -term perspectives of the token. One member of the Community predict A potential increase up to $ 3, a profit of more than 2,600% compared to current levels.
Another anonymous analyst, CW8900, noted that an outbreak above $ 0.235 could activate a full bullrun for CRO.
CRO Technical Analysis
Technical indicators also indicate more profit for CRO Vooruit.
On the 1-day/USDT graphic, CRO moved above the 50-day and 200 days of exponential advanced averages, a building sign of a persistent bullish reversal.
The MACD line has exceeded the signal line with both facing upwards, while the Chaikin Money Flow Index gradually shifted to the neutral line that indicates that the purchasing pressure is building up and start to flow fresh capital or funds in actively.
That is why the next possible target for CRO is the psychological resistance of $ 0.15, an important level that could work as an obstacle in the short term. A break above this zone, Bulls can give the confidence to push further, making them possibly put their sentences at CRO’s December height of $ 0.214 as the next large upward target.
However, the return of the community on Crypto.com’s re -benefit of 70 billion previously burned CRO -Tokens has asked questions about transparency. If the situation further escalates, it can get stuck or even reverse the current Bullish Momentum.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
