CRO Price Surges by 100%, Charts Show Room for 6X Surge Toward $0.88, Says Analyst

CRO broke its multi year downtrend, forming higher highs/lows, with current price at $0.118 and key resistance at $0.15 and $0.20.

A Golden Cross formed in July as the 50-day MA crossed above the 200-day MA, confirming bullish momentum near $0.139 and $0.115.

Active address count spiked to 1,200 before dropping to 548, indicating mixed sentiment despite uptrend strength and support at $0.115.

CRO has doubled in price in recent weeks, showing signs of a continued macro change from its 2021–2023 bear market. After falling from its all time high near $0.90, the token entered a long downtrend marked by consistent lower highs and lows

That bearish cycle lasted until mid 2023, where a base formed close to $0.050. Since then, CRO has broken through a key falling wedge structure, leading to a bullish reversal supported by rising highs and lows

The recent price action and long term structure suggest a new uptrend is underway. At current prices near $0.118, CRO is well below its previous peak, leaving substantial upside potential if the bullish trend holds.

Breakout Zones at $0.15 and $0.20

Following the breakout in late 2023, CRO began forming higher highs and higher lows. The first higher high occurred near $0.13, followed by a retracement to $0.07. A second high developed at $0.15 before a pullback to $0.09

These moves show a clear uptrend. At press time, CRO was trading at $0.118, placing it between the recent low and the next resistance. Immediate resistance is around $0.15, followed by a psychological barrier at $0.20

If this bullish outlook is intact, CRO could extend higher toward the $0.83 region, previously marked as a key level during its 2021 peak. However, loss of support at $0.09 would invalidate the upward movement.

Golden Cross Supports Bullish Momentum

In mid July, CRO’s 50 day moving average crossed above its 200 day moving average, confirming a technical Golden Cross. This crossover aligns with the asset’s near 100% recovery since early July when it traded near $0.070

Cronos price dynamics chart, Source: Santiment

At the time of writing, the 50-day average was at $0.139, while the 200-day average was around $0.115. Price movement above both averages strengthens the long term bullish case. A breakdown below the $0.115–$0.120 range could disrupt the recovery momentum.

On-Chain Activity Shows Mixed Signals for Continuation

Spikes in active addresses have historically preceded major moves in CRO’s price, suggesting investor engagement. The latest rally saw active addresses rise to 1,200 before falling to 548, based on recent readings

While this drop may indicate cooling interest, address activity is higher than in previous months. The continuation of user activity is key to sustaining the current uptrend. Support levels to monitor include $0.115 and $0.099, while resistance is near $0.145 and $0.15.

Overall, CRO has broken out of a multi year downtrend with strong price action, structural changes, and a key moving average crossover. Although recent address activity dipped, the current uptrend is valid while key supports hold.

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