CRO Technical Analysis – November 2021
Over the last 30 days, CRO has been quite bullish. The price has increased by around 236%, and the uptrend does not show signs of stopping now. CRO has recently hit a new all-time high at $0.62. The price retraced and is now looking to continue its upward journey.
In the last 7 days, CRO has increased by 86%, when it was then stopped at the new all-time high of $0.62. The price then retraced by 24%, but it found support at $0.47. The price could keep increasing in the coming days, judging by the uptrend and the bullish nature of CRO traders.
In the intraday chart, the price of CRO has been bullish as well. The price has increased by 11% in the last 24 hours. This could see the price of CRO keep increasing in the coming hours.
The 20-moving average is below the price, indicating that the trend is upward and that the price of CRO could keep increasing in the coming days.
The 9-EMA is also currently below the price, indicating that the price of CRO is bullish. Furthermore, the EMA line could act as a structure of support if the price retraces.
Relative Strength Index
The RSI of a 4-hour chart was recently slightly above 70 when CRO hit the new all-time high at $0.62. Therefore, the recent retracement was inevitable. However, since CRO has recently found support at $0.47, the RSI is now within the 30-70 range, and it indicates that there is room for more growth in the price of CRO.
The MACD line of a 4-hour chart is now below the signal line due to the recent retracement, indicating that the momentum is bearish. However, the lines are now converging as the price of CRO is increasing. A change in momentum can happen soon.
Fear & Greed
The fear and greed indicator of a 4-hour chart suggests that the current emotion of CRO traders is greed due to the the price reaching a new all-time high recently.
The Fibonacci retracement levels suggest that the price of CRO has retraced to the 61.8% level and found support there. This indicates that the price could have another surge upwards and reach for one of the extension levels.
Price Prediction CRO – November 2021
Based on this technical analysis on Crypto.com Coin (CRO), we could see the price of CRO retest resistance at the all-time high zone and potentially reach as high as $0.70 in the coming days. With the trading activity of the Crypto.com app increasing, the demand for CRO increases as well. If the bull cycle continues as projected, we could see CRO reach $1 soon.
Latest News for CRO – Affecting Price
The Staples Arena, home of the Los Angeles Lakers basketball team, has recently been renamed Crypto.com. This has massively given exposure to the Crypto.com Coin ecosystem and the CRO token. Because of this, we could see CRO maintain its bullish nature in the coming weeks.