Cronos (CRO) Soars +20% – Can the Rally Push to $0.10?

6 hari lalu

Over the past 24 hours, the Cronos project with the CRO(CROUSD) token has seen a price increase of nearly +20%.

Let's see if we can still profit from the movement of the CRO token.

What is Cronos (CRO)?

Cronos is an EVM-compatible blockchain built on the Cosmos SDK. It supports DeFi, NFTs, faster payments, and even AI‑capable dApps. Its native token, CRO, powers fees, staking, and ecosystem activities.

Why CRO Jumped +20% Today (July 8)

• Technical leap: Sub-second block times and faster throughput
  
  
• Better UX: Real-world ready for fast DeFi, payments, and AI dApps
  
  
• Increased adoption: Greater utility across CROUSD ecosystem
  
  
• Trader momentum: Volume surges and speculative interest
  
  
• Strategic roadmap alignment: Upgrades following gas fee improvements

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Now let's examine the CRO token chart on the 4-hour time frame from a technical analysis perspective.

CRO token is currently trying to break the Resistance zone($0.0960-$0.0925).

Also, in terms of Elliott wave theory, this CRO token price increase with high momentum should be in the form of wave 3 and we can expect a correction to the Potential Reversal Zone(PRZ)[$0.090-$0.0880] for CRO.

I expect CRO to re-attack the Resistance zone($0.0960-$0.0925) after entering the PRZ and rise to at least near $0.1(Round Number).

Note: Stop Loss (SL) = $0.847= Worst Stop Loss(SL)

Note: If the CRO token breaks the Resistance zone($0.0960-$0.0925) without correction, we can expect a break of the Resistance lines.

Note: It is better to enter a trade if you find the right trigger for a Long position, as a Short position is more risky.

Please respect each other's ideas and express them politely if you agree or disagree.

Cronos Analyze (CROUSD), 4-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

6 hari lalu

Dagangan aktif

I personally couldn't find a good trigger for the long position because the CRO token's movements were very sharp. But from the movements of the CRO in the last few hours, we can understand that $0.1 is an important resistance. I activated the short position and will hold it until the Monthly Pivot Point.

Note: The probability of a Shooting Star pattern forming on the 4-hour timeframe is high.

Stop Loss(SL): $0.10122