Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Cronos Price Stumbles At $0.0559 As bearish Signal continues

Published 12/31/2022, 05:56 AM
Updated 12/31/2022, 06:00 AM
Cronos Price Stumbles At $0.0559 As bearish Signal continues

Cronos Price Stumbles At $0.0559 As bearish Signal continues

  • Cronos price analysis shows an extremely bearish trend.
  • The CRO coin has dropped by 0ver 3.30% at the time of writing.
  • Cronos prices have sought support at $0.05562.

Cronos price analysis is showing signs of a decline since the price has been moving in a downward direction over the past 24 hours. Although the cryptocurrency was under bullish influence earlier this week, bears have taken control and dragged CRO/USD levels down to $0.0559 at the time of writing. Both the current resistance level of $0.0578 and the current support level of $0.05562 for the altcoin may serve as pivot points for future price moves. However, the bears have been quite successful as a result of the significant decrease that has had a negative impact on the entire value of cryptocurrencies over the past few hours.

The daily chart price analysis reveals that the CRO is confirming a decline in coin value, as the price has been following a bearish trend for the day. The circumstances are turning favorable for the sellers, as the past few weeks have seen a constant improvement in the CRO market price. Nonetheless, a downturn in price occurred today, which is why the price has been lowered to the $0.0559 mark, a decrease of 3.30 percent in the last 24 hours.

The post Cronos Price Stumbles At $0.0559 As bearish Signal continues appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.