CRO Price Rockets Above $0.15, Is $0.175 the Next Stop?

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The past 24 hours have been electrifying for Cronos. CRO price soared to $0.1537, jumping 6.17% in a day and 5.7% over the week. This is as buyers ignited a powerful rally that set eyes popping within the crypto community. Today, I want to break down exactly what lit this fire under CRO, and where the price action could be headed next.

Talking about which, the team’s successful application for a US trust bank charter has sparked optimism regarding regulations and institutional involvement. On top of that, there’s growing speculation that CRO could play a pivotal part in crypto ETFs being floated by Trump’s camp. All these factors came together just as the technicals lined up for a classic breakout.

Cronos Price Analysis

After declining near support, CRO price exploded past the psychological $0.15 barrier, trading at $0.153 at the last check. The 24-hour trading volume spiked by over 70%, reaching $36.04 million, a clear indicator that both retail and institutional traders are back in the game.

Importantly, CRO now sits above its 7-day SMA at $0.145 and EMA at $0.147, a combination that typically encourages short-term bulls. The MACD histogram has flipped positive (+0.000124). This is while the RSI at 42.45 suggests there is more room before overbought territory threatens a pullback.

Traders are closely watching how CRO handles the $0.1551 area, the recent intraday high. If it can consolidate above $0.15, attention shifts to $0.1755, the 38.2% Fibonacci retracement level from the last major downswing. This zone coincides with the 30-day SMA near $0.1758.

Successively, overcoming this will require sustained buying interest and may trigger some profit-taking as technical traders lock in gains. Contrarily, $0.149 remains immediate support, backed by the strong accumulation zone observed earlier this week.

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