Key Takeaways
- Cronos (CRO) surged 70% in seven days following a bullish partnership with Truth Media.
- CRO breaks out from its three-year accumulation as the price aims to sustain its bullish rally to $1.
- If demand and volume hold price, CRO could target $0.1 and beyond based on market sentiment.
Cronos (CRO) has burst into the spotlight in the last few days, with its price gaining over 70% in the past week following a strong partnership with Trump’s Truth media.
This partnership has garnered significant attention as one of the most unexpected in the crypto space, with the native token CRO continuing to rally and potentially aiming for a $1 price target.
Cronos (CRO) Breaks to the Upside
Source – Cronos (CRO) Price Chart from TradingView
Following a partnership to acquire Cronos (CRO) tokens for its strategic reserve, the price of CRO breaks out of its three-year price accumulation, as the price appears ready for a strong price rally to the upside.
A closer look at CRO’s price chart on the weekly timeframe reveals that the price broke above the key resistance level of $0.23, following bullish sentiment and acting as a catalyst for the recent price rally to the upside.
If the price of CRO successfully maintains its bullish price rally, flipping its resistance to support, we could see a strong price rally to the upside for Cronos (CRO), as the price could aim for the next key highs, which correspond to $1.
Technical indicators, such as MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), have all indicated bullish market action for CRO tokens, highlighting strong market speculation from crypto experts towards a potential high of $1.
CRO Rallies on Convincing Price Actions
Current price action and speculations from crypto experts align with the upside potential of Cronos, as the price aims to build on its existing bullish momentum.
Experts have shared predictions of potential highs of $1 following its breakout from a long price range in the last three years.
Crypto expert TheCoinBaron believes the price of CRO is headed to $1 and beyond, as it has demonstrated strong bullish strength.
With rising volume and increased interest in the CRO token, its price is expected to continue moving upward in the coming weeks.
FAQs
Will Cronos Reach $1?
There is a strong potential for CRO to reach $1 following a bullish price breakout above the 0.23 resistance level, which would prevent a price rally.
How Much is 1 Cronos Worth?
The price of one CRO is $0.27.
Is Cronos a Good Buy?
Yes, the price of CRO has shown strong bullish price action after breaking its long price accumulation to the upside.
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