Does a 38% weekly increase in Kronos (CRO) indicate further gains?
The price of Kronos (CRO) rebounded 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 rebounded and is heading upward with strong bullish momentum. It has already surpassed the 50-day exponential moving average and is about to break the 200-day exponential moving average. If the price manages to break the $0.1108 level, investors may witness a bullish surge in the upcoming sessions.
The technical chart for CRO shows that the bulls are leading this trend and are gradually approaching the $0.1108 level. Additionally, 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 last few trading sessions. Buyers are indicating a strong intention 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 risen by 75%, suggesting buying momentum. Furthermore, the market capitalization stands at $2.83 billion, with a 24-hour trading volume of $137.21 million.
