Cronos Dropped -43.47% in Last Month and is Predicted to Drop to $0.050635 By Dec 10, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Cronos is up 7.76% today against the US Dollar
  • CRO/BTC increased by 7.63% today
  • CRO/ETH increased by 7.49% today
  • Cronos is currently trading 36.45% above our prediction on Dec 10, 2022
  • Cronos dropped -43.47% in the last month and is down -88.16% since 1 year ago
Cronos price $ 0.069090
Cronos prediction $ 0.050635 (-26.71%)
Sentiment Bearish
Fear & Greed index 26 (Fear)
Key support levels $ 0.064020, $ 0.063197, $ 0.062785
Key resistance levels $ 0.065256, $ 0.065668, $ 0.066492

CRO price is expected to drop by -26.71% in the next 5 days according to our Cronos price prediction

Cronos price today is trading at $ 0.069090 after gaining 7.76% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 7.61% in the same time period. CRO performed well against BTC today and recorded a 7.63% gain against the world’s largest cryptocurrency.

According to our Cronos price prediction, CRO is expected to reach a price of $ 0.050635 by Dec 10, 2022. This would represent a -26.71% price decrease for CRO in the next 5 days.

CRO Price Prediction Chart

Buy/Sell Cronos

What has been going on with Cronos in the last 30 days

Cronos has been displaying a negative trend recently, as the coin lost -43.47% in the last 30-days. The medium-term trend for Cronos has been bearish, with CRO dropping by -41.58% in the last 3 months. The long-term picture for Cronos has been negative, as CRO is currently displaying a -88.16% 1-year price change. On this day last year, CRO was trading at $ 0.583526.

Cronos reached its all-time high price on Nov 24, 2021, when the price of CRO peaked at $ 0.959822. The current CRO cycle high is $ 0.075492, while the cycle low is at $ 0.055505. CRO has been displaying high volatility recently – the 1-month volatility of the coin is at 24.55. Cronos recorded 11 green days in the last 30 days.

Cronos technical analysis for today – Dec 05, 2022

The sentiment in the Cronos markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.064020, $ 0.063197 and $ 0.062785, while $ 0.065256, $ 0.065668 and $ 0.066492 are the key resistance levels.

Bearish sentiment for Cronos

13 indicators are currently signaling a bullish prediction for Cronos, while 17 indicators are showing a bearish forecast. With 57% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Cronos.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Cronos moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Cronos is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 0.064455 (BUY) $ 0.064844 (BUY)
MA5 $ 0.064835 (BUY) $ 0.064558 (BUY)
MA10 $ 0.064458 (BUY) $ 0.064806 (BUY)
MA21 $ 0.066513 (BUY) $ 0.069020 (BUY) $ 0.110077 (SELL) $ 0.112377 (SELL)
MA50 $ 0.089130 (SELL) $ 0.082765 (SELL) $ 0.246673 (SELL) $ 0.179854 (SELL)
MA100 $ 0.100822 (SELL) $ 0.100726 (SELL) $ 0.226977 (SELL) $ 0.197070 (SELL)
MA200 $ 0.120916 (SELL) $ 0.142671 (SELL) $ 0.149420 (SELL) $ 0.178991 (SELL)
Period Value Action
RSI (14) 37.10 NEUTRAL
Stoch RSI (14) 100.00 SELL
Stochastic Fast (14) 50.58 NEUTRAL
Commodity Channel Index (20) -66.67 NEUTRAL
Average Directional Index (14) 36.60 SELL
Awesome Oscillator (5, 34) -0.02 NEUTRAL
Momentum (10) 0.00 NEUTRAL
MACD (12, 26) 0.00 NEUTRAL
Williams Percent Range (14) -49.42 NEUTRAL
Ultimate Oscillator (7, 14, 28) 57.67 NEUTRAL
VWMA (10) 0.06 BUY
Hull Moving Average (9) 0.07 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 0.08 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Cronos is at 37.10, suggesting that CRO is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Cronos over the last 50 days. Currently, Cronos is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CRO closing price for the last 200 days. CRO is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Cronos prediction

After considering the above factors, we can conclude that the current forecast for Cronos price prediction is Bearish. CRO would have to decrease by -26.71% to hit our $ 0.050635 target within the next five days. Moving forward, it will be important to monitor the CRO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Cronos price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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