Are you looking to invest in CRO and keen on finding out how it has been performing recently? Let’s quickly look at the Cronos price analysis in the last 24 hours and see where the coin is going next. With the help of technical indicators, let’s break down the price movements and form a CRO price prediction for the coming days. Cronos has been on the downtrend for weeks, following allegations related to token scams. Given that, there has been debate about whether Cronos has finally bottomed. The coin now hovers around $0.08265, an almost 20% fall from early April’s $0.1 valuation.
Cronos Price Analysis of the Last 24 Hours
Cronos had formed a stable trading range earlier, and traded $0.08240 as yesterday’s trading commenced. Around 23:00 on the previous day, a golden cross had formed, and it widened 5 minutes in as Cronos spiked up. This spike led the CRO price to $0.08350. The RSI ventured into the overbought region. The overbought RSI called for a reversal, and the price also spiked downward by $0.08287. However, the general upward trend continued. Cronos seemed to stabilize around the $0.0834 mark for a while, but continued the uptrend around 3:00 UTC. By 5:00 UTC, Cronos was trading at $0.8397.
Chart 1: published on TradingView, April 22, 2025
The coin went on to test the resistance at $0.8440. However, its initial advances were sternly rejected. After its initial attempt at the resistance, Cronos faced a reversal to $0.08405. It continued upward to test the resistance again but failed to make a difference. Consequently, thanks to the 6:45 death cross, a considerable downturn occurred, and Cronos stabilized for an hour near $0.8309. It mustered a reversal but failed to go beyond $0.08376. The overall downtrend continued, leading Cronos to $0.08277. Around 14:00 UTC, rapid action ensued on the MACD indicator, leading the CRO price up to $0.08378. But soon, at 15:35, a massive death cross was observed.
Cronos subsequently plunged, going down to $0.8110 for support. The coin was heavily oversold at this point. A reversal was expected, and it did arrive. However, despite the oversold conditions, Cronos could only muster an upward trend to $0.08240 before the bullish pressure lost steam. A consolidation phase followed, as CRO barely saw any movements for the coming hours. As it approached midnight, it ended the day at $0.08257.
Cronos Price Action on April 22
The CRO price action today also started on a bearish note, with Cronos dropping to $0.08151 within the first hour of trading. A reversal brought it back to $0.08260, but a downtrend followed with the 2:00 UTC death cross. This downtrend led Cronos to $0.08155. Since then, Cronos has seen an ascent and has stabilized around the $0.08258 mark.
CRO Price Prediction: Has the Cronos Price Bottomed?
Cronos has seen a significant decline in prices this month. Investors are debating whether the coin has finally bottomed out or not. Given the strong bearish trend, some more down may be on the way before Cronos finally finds a base. Even now, a death cross has formed on the MACD, and Cronos looks primed for a downtrend. If this holds, Cronos could be back testing the 24H low of $0.08110 very soon. With legal issues and shaken investor confidence, the backup looks rocky for Cronos.
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