Does the 38% weekly rise of Kronos (CRO) indicate further increases?
The price of Kronos (CRO) bounced from the support level at $0.0708.
The price of Kronos rose by 38% over the past week, showing an upward trend.
The price of Kronos (CRO) has bounced and is trending upward with strong bullish momentum. It has already surpassed the 50-day exponential moving average and is about to break through the 200-day exponential moving average. If the price manages to breach the level of $0.1108, investors may witness an upward rise in the coming sessions.
The technical chart for CRO shows that the bulls are leading this trend and are gradually approaching the level of $0.1108. Additionally, the bears have found themselves in a defensive position after the bulls broke through multiple resistance levels above $0.932, with significant vertical gains during the past few trading sessions. Buyers indicate a strong intent to continue this upward trend.
According to CoinMarketCap data, the price of CRO at the time of writing this report is $0.1063, with a daily increase of 5.3%, indicating positive momentum. The daily trading volume has increased by 75%, suggesting buying momentum. Furthermore, the market capitalization is $2.83 billion, and the 24-hour trading volume is $137.21 million.
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