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The post <a href="https://coinpedia.org/price-analysis/cronos-cro-price-breakout-rally-hints-at-a-40-upside/" rel="noopener noreferrer nofollow">Cronos (CRO) Price Breakout Rally Hints At A 40% Upside?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Amid increased price volatility in the crypto space, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">Ethereum price</a> has reclaimed the $2.7K tag. With this, top altcoins have breached their respective resistance levels and have recorded a significant uptrend with some tokens experiencing a surge of over 30% within the past 24 hours.
Furthermore, with a surge of approximately 16%, the Ethereum-based Cronos token has secured a spot in the daily top gainers list. With questions like “Will CRO price hit $0.15?” and “What is the expected price of Cronos?” are you planning on investing in this crypto token?
Dive in as, in this article, we have covered the in-depth market sentiments, price analysis, and possible short-term price targets of the Cronos (CRO) token.
<h2 class="wp-block-heading" id="h-cro-price-records-increased-bullish-action">CRO Price Records Increased Bullish Action:</h2>
With a trading volume of $79.82 Million and a jump of over 15% within the past day, the <a href="https://coinpedia.org/price-prediction/crypto-com-cro-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Cronos price</a> has successfully breached the resistance trendline of its falling wedge pattern in the 1D time frame. Furthermore, it has recorded a 24-hour high of $0.1058, indicating increased bullish influence.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczPVJZBq4-yycl8RVl5Fjh3eABs7WoQ10jxe7RgkE9rWNwrfJ9VcCshWpUm9L1MtuUOHIznMMZMyITaecey1ahfUcoXQ8mLDb0HciU9ZW42P80lrl4fFeg1_eMqE0o8gjtsrY57CsC3CNFapuns-ivTjGN?key=FOeQj5WfZZSi16u9eX_K9Q" alt="Cronos Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: CRO/USDT
 </figcaption>
</figure>
Moreover, the altcoins continue recording a bullish action by adding 11.99% within the past week and 9.38% over the past 30 days. Notably, with a trading price of $0.09410 and a circulating supply of 26,571,560,696 CRO tokens, it has secured the 30th spot with a market cap of $2.504 Billion.
The RSI indicator has retested its oversold range and has recorded a sharp rise toward the overbought range. Further, its average trendline has experienced a bullish convergence and displays a bullish action, highlighting that the <a href="https://markets.coinpedia.org/cronos/" target="_blank" rel="noopener noreferrer nofollow">CRO price</a> will continue gaining value in the coming time.
Further, the Simple Moving Average (SMA) has displayed a bullish crossover in the Cronos price chart. This indicates a positive outlook for the altcoin in the crypto market.
<h2 class="wp-block-heading" id="h-will-cronos-price-reclaim-0-15-this-august">Will Cronos Price Reclaim $0.15 This August?</h2>
If the market continues trading under a bullish sentiment, the CRO coin price will retest its resistance level of $0.12125. Maintaining the price at that level will set the stage for Cronos crypto token to attempt to test its upper resistance level of $0.15 during the upcoming weeks.
On the flip side, if a trend reversal occurs, the CRO crypto will lose momentum and retest its support level of $0.08415. Moreover, if the bears continue to overpower the bulls, this could result in the Cronos price plunging toward its crucial support trendline of $0.07225.

Cronos (CRO) Price Breakout Rally Hints At A 40% Upside?

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