Key takeaways
- The CRO price prediction shows it will reach a maximum level of $0.09202 with an average price of $0.1013
- By 2027, CRO could reach a maximum value of $0.3609, with an average trading price of $0.3167.
- Cronos is expected to reach a maximum level of $1.07 in 2030.
Cronos (CRO) is the native cryptocurrency token of the Crypto.com chain, a decentralized, open-source blockchain developed by the Crypto.com payment, trading, and financial services company. CRO aims to power the next generation of decentralized crypto assets and applications and enable real-time, low-cost transactions globally.
Cronos cross-bridge mainnet beta suggests a bright future for CRO. This feature aims to improve interoperability between significant blockchain ecosystems, potentially increasing CRO’s attractiveness to developers and users. CRO’s recent performance reflects robust in market sentiment and confidence. These factors combined present Cronos as a compelling investment opportunity within the dynamic cryptocurrency market.
Eminem’s involvement comes when Crypto.com has been actively expanding its visibility through various high-profile partnerships, such as with actor Matt Damon and major sports teams.
The blend of celebrity influence, such as Eminem’s endorsement, with significant tech developments like the Cronos cross-bridge, creates a unique market positioning that could lead to favorable outcomes in its pricing dynamics.
Overview
Cryptocurrency | Cronos |
Token | CRO |
Price | $0.08503 |
Market Cap | $2,259,473,238 |
Trading Volume | $5,637,017 |
Circulating Supply | 26,571,560,696 CRO |
All-time High | $0.9698 Nov 24, 2021 |
All-time Low | $0.01149 Dec 17, 2018 |
24-h High | $0.08525 |
24-h Low | $0.08332 |
Cronos Price Prediction: Technical Analysis
Metric | Value |
Price Prediction | $ 0.070469 (-16.24%) |
Volatility | 3.92% |
50-Day SMA | $0.084065 |
14-Day RSI | 49.60 |
Sentiment | Bearish |
Fear & Greed Index | 50 (Neutral) |
Green Days | 16/30 (53%) |
200-Day SMA | $0.10155 |
Cronos price: CRO faces resistance at $0.081 and struggles to maintain momentum
Key takeaways
- Cronos (CRO) faces critical resistance at $0.081, limiting upward momentum.
- RSI at 41.57 suggests neutral to bearish market sentiment for CRO.
- Breaking the $0.081 resistance could lead CRO to test the $0.0857 level next.
Cronos price analysis on October 18th shows (CRO) has seen moderate price action over the past week, gaining traction with a slight 2.95% rise, reflecting increasing interest in the expanding Cronos Chain ecosystem. Currently, CRO is trading at $0.0777, and despite this growth, it is facing resistance around the $0.081 level. The broader cryptocurrency market, led by Bitcoin’s momentum, has provided a supportive environment, but technical factors still constrain CRO’s price movement.
The overall market shows optimism, especially with Bitcoin (BTC) possibly reaching $70,000, which could positively influence altcoins like CRO. However, resistance levels and market sentiment remain key determinants of CRO’s short—and medium-term price direction.
Daily chart analysis: Key resistance and support levels
The daily chart for Cronos (CRO) reveals that the token struggles to break above the key resistance at $0.081, with notable selling pressure keeping it below this threshold. The current resistance level has proven to be a significant barrier for CRO over the past few weeks. The 20-day, 50-day, and 100-day Exponential Moving Averages (EMAs) show resistance at $0.0788, $0.0811, and $0.0856, all of which CRO needs to surpass to regain upward momentum.
The Relative Strength Index (RSI) stands at 41.57, indicating that the market sentiment remains neutral to slightly bearish. The RSI’s position suggests that CRO is not yet oversold, but the lack of bullish solid momentum has kept the price hovering in the lower range.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a neutral to bearish outlook, with the MACD line slightly below the signal line. This indicates a lack of immediate buying pressure, but the histogram suggests that a potential shift could occur if momentum builds.
CRO 4-hour chart analysis: volatility within key levels
On the 4-hour chart, CRO’s price shows short-term volatility, with resistance at $0.0819 and immediate support at $0.0726. The Relative Strength Index (RSI) in this timeframe is 49.03, suggesting a balanced market without strong directional bias. The Average Directional Index (ADX) stands at 14.43, indicating low market volatility, which implies that significant price movements might not occur without a fundamental shift in sentiment or external market catalysts.
CRO is currently hovering just below the critical resistance level at $0.0819. If it breaks above this level, the next target would be the $0.0857 mark, which could act as the next strong resistance. However, if CRO fails to break out and falls below $0.077, it could retest the $0.0726 support level, which has held firmly in the past.
Market sentiment for Cronos (CRO) remains cautiously optimistic, with a growing interest in the Cronos Chain ecosystem and its interoperability across various blockchain networks. Crypto.com’s continued integration of CRO within its services is also expected to contribute to the token’s long-term demand. However, the short-term outlook depends heavily on whether CRO can break through the critical resistance levels outlined above.
Investors should closely watch the $0.081 and $0.085 resistance levels, as breaking above these thresholds could signal a stronger bullish trend for CRO. Conversely, failure to maintain current levels could lead to further downside pressure, with key support levels at $0.072 and below. For now, CRO appears to be in a consolidation phase, with potential upside if broader market conditions remain favorable.
Cronos Technical Indicators: Levels And Action
Daily Simple moving average (SMA)
Period | Value | Action |
SMA 3 | $ 0.086111 | SELL |
SMA 5 | $ 0.086974 | SELL |
SMA 10 | $ 0.086714 | SELL |
SMA 21 | $ 0.08391 | BUY |
SMA 50 | $ 0.084065 | BUY |
SMA 100 | $ 0.087082 | SELL |
SMA 200 | $ 0.10155 | SELL |
Daily exponential moving average (EMA)
Period | Value | Action |
EMA 3 | $ 0.084004 | BUY |
EMA 5 | $ 0.084158 | BUY |
EMA 10 | $ 0.085092 | BUY |
EMA 21 | $ 0.086137 | SELL |
EMA 50 | $ 0.089222 | SELL |
EMA 100 | $ 0.095905 | SELL |
EMA 200 | $ 0.100131 | SELL |
Is Cronos a good investment?
Investing in Cronos offers a strategic opportunity in decentralized finance (DeFi) and digital assets. As the native token of Crypto.com chain, Cronos supports DeFi, NFTs, and decentralized apps, benefiting from interoperability with ecosystems like Ethereum and Cosmos. Its energy efficiency, fast transactions, and low fees enhance its appeal. With a strong total value locked (TVL) and promising future growth projections, Cronos stands out as a compelling long-term investment in the blockchain space.
Will Cronos recover?
Cronos shows a recent decline with signs of stabilization and minor recovery, suggesting that future price of the token trading volume may recover.
Will Cronos reach $0.15
According to the long-term predictions, Cronos is projected to reach up to $0.15 by 2025.
Will Cronos reach $1
Yes, Cronos is projected to reach up to $1 by 2030 according to the long-term predictions.
Will Cronos reach $100?
It is doubtful that Cronos will reach $100 given that it would require an enormous market capitalization, which is currently unrealistic given the overall crypto market cap size.
Does Cronos have an excellent long-term future?
Cronos is showing stabilization and some recovery, which indicates that CRO may have a promising long-term future.
Recent news/opinion on Cronos
- Crypto.com launches its AI Agent SDK in beta, enabling Web3 and AI developers to use natural language commands for blockchain tasks. Compatible with platforms like Telegram and Discord
- Sentio now supports Cronos zkEVM and EVM, enabling developers to create custom blockchain indexers, query data, and access instant APIs. A developer workshop is coming soon!
CRO price prediction October 2024
For October, Cronos (CRO) is primed for notable growth. The minimum projected trading price is $0.08529, with an average of around $0.08712. CRO is expected to attain a peak price of $0.09202.
Month | Potential Low | Potential Average | Potential High |
October | $0.08529 | $0.08712 | $0.09202 |
CRO price prediction 2024
In Q4 2024, experts suggest Cronos will trade at a minimum price of $0.0978 and a maximum price of $0.1048. The average trading price is expected to be around $0.1013.
Cronos Price Prediction | Potential Low | Potential Average | Potential High |
Cronos Price Prediction 2024 | $0.0978 | $0.1013 | $0.1048 |
CRO price prediction 2025-2030
Year | Minimum | Average | Maximum |
2025 | $0.1364 | $0.1415 | $0.1694 |
2026 | $0.2060 | $0.2117 | $0.2371 |
2027 | $0.3082 | $0.3167 | $0.3609 |
2028 | $0.4474 | $0.4601 | $0.5447 |
2029 | $0.6138 | $0.6369 | $0.7586 |
2030 | $0.9024 | $0.9343 | $1.07 |
Cronos price prediction 2025
The Cronos price prediction for 2025 suggests a minimum of $0.1364, a maximum level of $0.1694, and an average price of $0.1415.
CRO price prediction 2026
In 2026, the price of Cronos is predicted to reach a minimum of $0.2060. CRO can reach a maximum level of $0.2371 with an average trading price of $0.2117.
CRO price prediction 2027
The Cronos price prediction for 2027 suggests a minimum value of $0.3082, a maximum value of $0.3609 and an average trading price of $0.3167.
CRO price prediction 2028
As per findings, the CRO price could get the maximum possible and highest price level of $0.5447 with an average forecast price of $0.4601.
CRO price prediction 2029
In 2029, the price of Cronos is predicted to reach a minimum of $0.6138. CRO can reach a maximum price of $0.7586 with an average trading price of $0.6369.
Cronos CRO price prediction 2030
The price of CRO is predicted to reach a minimum of $0.9024 in 2030. It can further reach a maximum price of $1.07 with an average price of $0.9343.
Cryptopolitan’s Cronos CRO Price Prediction
According to our Cronos price forecast, the coin’s market price might reach a maximum value of $0.115 by the end of 2024. By 2026, investors can anticipate an average price of $0.18 and a maximum price of $0.20 provided the market is bullish.
Cronos market price prediction: Analysts’ CRO Price Forecast
Firm | 2024 | 2025 |
Gov.Capital | $0.216 | $0.486 |
DigitalCoinPrice | $0.19 | $0.26 |
CryptoPredictions | $0.2334 | $0.5643 |
Cronos historic price sentiment
- According to the earliest price data obtained from Coinmarketcap, CRO kicked off with a market price of $0.01977 on December 14, 2018. The price quickly rose to $0.03729, and in the following months, CRO traded within a range of $0.012 – $0.024.
- By March 12, 2019, CRO hit $0.07344 and continued to trend upwards over the next few days, reaching above the $0.1 mark on March 15. CRO lost momentum towards the end of 2019 and ended the year at $0.03358.
- In 2020, CRO was stable in the first few months, with minimal historical price movements and spikes. By the second half of 2020, CRO exceeded its highest market price in 2019 and crossed the $0.20 mark by August 21, 2020. CRO closed the year on a low and dropped to about $0.06.
- 2021 proved a good year for major cryptocurrencies such as BTC and ETH, as both touched new all-time highs. CRO was not left behind; it rode with the bullish crypto momentum by surpassing its highest point in 2020 and attaining its current ATH of $0.9698 on November 24. The upward surge in price experienced by the coin, especially in November, can be attributed to its listing on Coinbase Pro and Bitrue.
- At the start of 2022, CRO began with an opening price of $0.5575. The coin has lost about 24.67% of its value and is currently trading at $0.4409.
- Multiple reports about a possible security breach on the Crypto.com ecosystem surfaced on January 17, 2022. The platform acted accordingly by temporarily suspending withdrawals pending investigation.
- The price history of Cronos (formerly Crypto.com Coin) from 2023 to the present shows significant fluctuations.
- Starting in January 2023, the price of Cronos was relatively stable but began to steepen by late February, peaking around mid-March at approximately $0.80.
- This peak was followed by a sharp decline, during which the price dropped dramatically, settling back to lower levels by April 2023.
- Over the following months, the price stabilized somewhat but maintained a general downtrend. By mid-2023, it was trading at around $0.20 and continued to oscillate around this range, with slight ups and downs.
- Entering 2024, the price has shown a modest recovery but remains well below its early 2023 high, trading around $0.10 as of the latest data point.
- Entering 2024, CRO showed a modest recovery from late 2023 lows, rising from about $0.05 to around $0.10 by January.
- Significant rally (Mar 2024): CRO saw a sharp rise in early 2024, peaking near $0.18 in March, marking its highest point for the year.
- Steady decline (Apr-Jun 2024): After the March peak, the price steadily declined, falling to approximately $0.12 by June.
- Stabilization (Jul–Oct 2024): Throughout the summer, CRO hovered between $0.08 and $0.10, with the latest price point in October 2024 being around $0.081.