news 
CRO Breaks Out With Momentum — Will the $0.18 Target Fall Next?
The Cronos (CRO) token has recently experienced a significant surge in momentum, breaking out above key resistance levels and retesting previous highs. The question on everyone’s mind is whether this price action will continue or if we’ll see a fall to the previously set target of $0.18.
After the news of Crypto.com being potentially included in a new exchange-traded fund (ETF) and the US SEC closing its review without taking any actions, the market has responded positively. These developments have not only attracted fresh interest from traders and institutions but also boosted investor confidence.
As a result, CRO has rallied 10% over the past 24 hours and an impressive 23% in the last week. The token has now moved above the $0.0986 level, which had previously acted as resistance for several months. This new support from Supertrend lies near the $0.1 mark.
The MACD indicator is reflecting the breakout momentum by showing a crossover of its main line and signal line with a positive histogram. Meanwhile, the RSI has reached 81, which typically indicates an overbought condition. This could potentially lead to a short pause or minor drop before the next move.
In light of these indicators, it seems likely that CRO will continue in this upward trend as long as support from the $0.1 area remains intact. Any pullback is expected to be shallow and only temporary, setting the stage for a potential test of the previously set target near $0.18.
Overall, the token’s recent performance suggests that it may not fall short of its goal, with all indicators suggesting that the trend will continue as long as the current support level holds.
Source: cryptopotato.com
