CRO Shatters Resistance With Explosive Momentum — Is $0.18 the Next Stop?
Crypto.com's native token just flipped bullish with a vengeance. After weeks of consolidation, CRO rockets past key resistance levels—leaving traders scrambling to adjust their targets.
Breaking Down the Rally
The move comes amid renewed institutional interest in exchange tokens. While some analysts dismiss the surge as 'typical altcoin season froth,' the volume tells a different story. Over $300 million in spot trades flooded the market during the breakout.
Targets in Play
All eyes now turn to the $0.18 level—a psychological barrier that previously capped gains. If derivatives traders pile in (and let's be honest, they will), we could see another 20% climb before profit-taking kicks in. Because nothing says 'healthy market' like leverage-fueled volatility.
The real question? Whether this is sustainable growth or just another case of 'number go up' theater. Either way, buckle up.
CRO Holds Above Key Breakout Level
Cronos (CRO), the native token of Crypto.com, traded at $0.12 at press time, up 10% over the past 24 hours and 23% in the last week. The price moved above the $0.0986 level, which had held as resistance for several months. CRO now trades within a rising channel, with the next key resistance NEAR $0.18.
Interestingly, the token reached a recent high of $0.133 before easing slightly. A pullback to the $0.0986–$0.1060 zone may follow. This area now acts as support and could be retested before the price moves higher. The structure remains bullish as long as this support level holds.
Indicators Suggest Trend May Continue
The MACD shows a crossover, with the main line above the signal line and a positive histogram. This reflects momentum staying with buyers. The RSI stands at 81, which is above the typical overbought level. A short pause or minor drop may occur as a result.
Additionally, the Supertrend indicator turned green, which aligns with the breakout. The current support from Supertrend sits near the $0.1 mark, in line with recent structure. These indicators show the trend is strong, though a cooling period is possible before the next move.
CRO Gains Attention on ETF News
CRO rose nearly 18% after news broke that it could be included in a new exchange-traded fund. The proposed ETF, backed by TRUMP Media & Technology Group, would track five assets: Bitcoin, Ethereum, Solana, XRP, and Cronos. If approved, CRO would hold a 5% share.
The US SEC also closed its review of Crypto.com earlier this year without action. That update removed legal pressure and may have supported investor confidence. In May, 21Shares listed a Cronos ETP on Euronext Paris and Amsterdam, expanding access in Europe.
