Connect with us

Plato Vertical Search

Blockchain

What next for Crypto.com (CRO) after a 7-day blood bath? – Price prediction and analysis

Crypto.com (CRO) is simply in shambles. After a massive 7-day rout that saw the…

The post What next for Crypto.com (CRO) after a 7-day blood bath? – Price prediction and analysis appeared first on Coin Journal.

What next for Crypto.com (CRO) after a 7-day blood bath? – Price prediction and analysis Blockchain CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Crypto.com (CRO) is simply in shambles. After a massive 7-day rout that saw the token lose nearly 25% in value, CRO is still in the eye of the storm. Any attempts to break the downtrend over the last few days have been met with massive downward pressure. So, what’s next for CRO? Well, here are some highlights.

  • CRO has shown some mild bullish signs in the last week but has largely been on a strong downtrend.

  • At the time of writing, the coin was trading at $0.4459, up about 1% in 24 hours but still down 22% for the week.

  • CRO is facing significant headwinds in the market albeit underlying fundamentals are outstanding.

What next for Crypto.com (CRO) after a 7-day blood bath? – Price prediction and analysis Blockchain CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionData source: Tradingview.com 

Crypto.com (CRO) – price action and prediction

CRO has shown some brief recovery over the last 24 hours, managing to post decent gains after a whole week in the red. But this is very mild and does not suggest anything. In fact, the token is firmly in decline. 

Any breakout can only come once we see a trend reversal around its $0.4224 support. Also, CRO must break past its overhead resistance of $0.4846. At the time of writing, the coin was trading at around $0.4459. 

With increasing bear pressure from the wider market, it is unlikely that CRO will surge past overhead resistance in the near term. In fact, if downside pressure continues, the token could sink to as low as $0.3151.

Should you buy Crypto.com (CRO)

Crypto.com, one of the leading crypto exchanges in the world, has expanded fast in recent years. In fact, the platform is putting more effort to bring institutional traders with deeper pockets into its exchange. 

It is therefore going places and as such, any investor should consider its native CRO token. Crpto.com (CRO) has always been a decent long-term asset to hold. Nothing has changed in underlying fundamentals, so you should definitely buy.

The post What next for Crypto.com (CRO) after a 7-day blood bath? – Price prediction and analysis appeared first on Coin Journal.

Web3 Reimagined. Data Intelligence Amplified. Click here to access.

Source: https://coinjournal.net/news/what-next-for-crypto-com-cro-after-a-7-day-blood-bath-price-prediction-and-analysis/

Latest Blockchain Streams

Blockchain

Greenheart CBD is welcoming a visual overhaul for their website and products as well as a new system to enable farmers across the globe...

Blockchain

The metaverse has been a heated topic, and brands are scrambling to have a share of the space estimated to have a massive valuation...

Blockchain

Ethereum’s value against bitcoin has plunged by more than 26% since its high of 0.088 BTC in December. The crypto now goes for 0.065...

Blockchain

Following a series of record-breaking IDO’s and recent listings on two of the world’s biggest crypto exchanges Huobi Global and KuCoin, Ertha Metaverse has...