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Crypto.com Coin Price Prediction December 2021: Will CRO Reach $10 in December?

CRO  Technical Analysis – December 2021

Monthly Analysis

November has been quite a successful month for CRO and its community. The price surged upwards by almost 400%, making it an incredible run for CRO. It reached a new all-time high because of the recent run at around $0.97. As the trend is still bullish, CRO has retraced by 34% recently. 

Monthly analysis of Crypto.com Coin (CRO)
CRO/USDT 4-Hour Chart.

Weekly Analysis

In the last 7 days, CRO initially increased by 50% where the all-time high was reached. After that, the price was followed by a 34% retracement. While many began to believe that this would be the beginning of a downtrend, the new low is now higher than the previous one, indicating that the uptrend is still on.

Daily Analysis

In the intraday chart, CRO has been bearish. The price has dropped by 5% so far. Nonetheless, we could soon see CRO hit support and have another go upward in the coming hours.

Key Structures

Support

  • $0.66

Resistance

  • $0.81

Indicators

Moving Average

The 20-moving average is currently below the price after the price has been in correction, despite going above the price from the 34% dip. The MA line is currently acting as support to the price of CRO.

The 9-EMA is currently above the price, indicating that the short-term trend could be bearish. It is currently acting as resistance to the price of CRO if the latter attempts a bullish breakout.

Relative Strength Index

The RSI of a 4-hour chart is currently at around 50, meaning that CRO is neither bullish nor bearish. This indicates that there is plenty of room for the uptrend to continue.

MACD

Due to the recent price drop, the MACD line of a 4-hour chart had been quite below the signal line. However, the lines are now converging, indicating that the momentum is shifting into a bullish one at this rate.

Fear & Greed 

The fear & greed indicator of a 4-hour chart suggests that the current emotion of CRO traders is fear due to the recent decline. This could soon turn into greed as the buying pressure is increasing.

Fear and greed for Crypto.com Coin (CRO)
Fear & Greed for CRO/USDT in a 4-Hour Chart.

Fibonacci

The Fibonacci retracement levels suggest that the price of CRO has recently retraced to the 78.6% in a 4-hour chart. Since the new low is higher than the previous one, we could see CRO reach for one of the extension levels in the coming days.

Fibonacci retracement levels for Crypto.com Coin (CRO)
Fibonacci Levels for CRO/USDT in a 4-Hour Chart.

Price Prediction CRO  – December 2021

Based on this technical analysis on Crypto.com Coin (CRO), we could soon see the price of CRO retest resistance at the all-time high if it manages to break the structure at $0.81. The price of CRO could go for $2 in the long run. Considering that the market cap of CRO is at around $22 billion, a price of $2 would see CRO surpass Solana and go close to Tether, which is entirely possible for a project such as Crypto.com Coin.

Latest News for CRO  – Affecting Price

After the Staples Arena in LA was renamed to Crypto.com arena, the price f CRO boomed since it got a lot of exposure. Recently, major exchange Huobi Global has listed CRO as well, further increasing the accessibility of CRO. This could have a positive impact on the price of CRO.

Also read: Crypto.com Coin Price Prediction 2021 and Beyond – Is CRO a Good Investment?

Also read:

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