Is Crypto.com (CRO) Price At Threat Towards Its Resistance At $0.50? A Correction Of 35% Programmed?
The post Is Crypto.com (CRO) Price At Threat Towards Its Resistance At $0.50? A Correction Of 35% Programmed? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
The cryptoverse being home to a plethora of digital assets has been a spectator to euphoric runs on the bulls and the bears. While some digital assets have made little to no impact in the industry, some of the assets have made a lasting impact on the business. One such asset is Crypto.com, which did turn the heads of masses in space.
Things You Should Look Out For With Crypto.com?
CRO price at the time of press is changing hands at $0.4329, with gains of 0.8%. While the market capitalization of the asset is hovering at about $10,935,716,683. The volume of trades around the clock is at $127,653,066. The price of CRO for the past 24-hours has been trading in the bandwidth from the lows of $0.4243 to the highs of $0.4372.
Successively, the ATH of $0.965 now remains distant from current levels by about 55%. CRO has picked up the pace at an appreciable rate of 35% since its bottoms of $0.324 from the 22nd of January. The V-shaped rebound from the crash was courtesy of an increase in buying pressure.
In addition, the digital asset could see an uptick of levels around 10% prior to the 50-day and 100-day SMA barrier at $0.49. The resistance remains crucial, as it could chain the bullish up-trend, considering which buyers can pin eyes at $0.40 for positions for a hay day at $0.50. In addition, a spike in selling pressure could take the asset to the level around $0.40 and a fall below which could take the asset to $0.31.
Summing up, CRO has been making praisable rebounds in its trajectory, the recent V-shaped recovery has instilled faith amongst holders and savvies. While the run might be hindered by the bears, the digital asset could make a stronger comeback on the charts.
Related Posts
