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Cronos (CRO) has taken a remarkable surge of nearly 18% in the past 24 hours, trading at around $0.09498 as of early U.S. hours, after Trump Media filed an S-1 registration with the U.S. Securities and Exchange Commission for its Truth Social Crypto Blue Chip ETF. The filing lists Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos as core holdings.
This sudden 18% surge has revived bold price predictions from some traders and influencers. Oscar Ramos, a crypto YouTuber, reiterates that $1 CRO is “the easiest prediction” for this cycle. Others believe the ETF hype could push Cronos towards a 100%-200% rally if the price breaks key resistance zones.
However, available data suggests this scenario remains highly speculative for now. Cronos’s market capitalization sits at around $2.95 billion, with a circulating supply of 31.12 billion CRO tokens. To reach $1, CRO’s market value would need to expand to over $31 billion – roughly 10 times its present size.
By comparison, Bitcoin’s market cap is approximately $2.16 trillion, Ethereum’s near $317 billion, and Solana’s around $82 billion. Even if the Truth Social Crypto ETF moves forward, a single fund launch alone is unlikely to lift Cronos into the same bracket as top-tier chains without matching network usage, strong DeFi inflows, and sustained demand.
CRO has broken above a descending trend line, reclaimed the 50-day EMA near $0.0891, and tested the 0.5 Fibonacci retracement at $0.0934. The next major resistance sits near $0.1029-$0.11, where heavy selling appeared multiple times this year.
Beyond that, the daily chart’s Fibonacci extension places the next upside at $0.13. Failure to hold above the $0.089-0.093 support could drag CRO back to the $0.08-0.076 zone, which has repeatedly acted as a base.
In recent days, perpetuals volume has seen a 3,874% jump to around $235.8 million, while open interest rose by 41.73% to $41.4 million. The long/short ratio across Binance and OKX is well-balanced at approximately 1.01, showing no clear leverage imbalance yet.
Furthermore, liquidation data reveals a staggering $393,700 wiped out in the last 24 hours, with an astonishing $299,580 coming from shorts, indicating that forced short selling contributed to the Cronos price move.
Source: coinchapter.com
