Cronos soars 25% in 24 hours: Is a move to $0.204 on the horizon?
WikiBit 2024-11-12 03:39
Cronos breaks out of a descending channel, targeting a 50% upside if momentum holds. On-chain activity and cautious market sentiment support CRO’s current
Cronos soars 25% in 24 hours: Is a move to $0.204 on the horizon？
Breakout from a massive descending channel: Whats the next target？
CRO technical indicators point to further volatility
Technical indicators further highlight CROs bullish trend. The recent moving average (MA) crossover, with the 9-day MA at $0.0964 crossing above the 21-day MA at $0.0838, confirms this momentum shift, signaling that buyers are gaining control.
Additionally, the Average True Range (ATR) has risen sharply to 0.0103, reflecting heightened volatility. This increased ATR suggests that CRO could experience significant price swings in the coming days, making it essential for traders to monitor support and resistance closely.
On-chain metrics show rising engagement
Market sentiment: Long/short ratio indicates cautious optimism
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