CandleFocus

Concerns grow over Cronos (CRO) price drop after 111% surge

Author: Content Editor
The cryptocurrency native to the Cronos blockchain, Cronos (CRO), has experienced a significant price surge in recent weeks, increasing by over 230% before retracing. This surge brought the token out of a four-month consolidation range, reaching a high of $0.2329. However, analysts are predicting a short-term dip of up to 16% following the retracement. The surge in price was fueled by high trading volumes and renewed market optimism. Despite the recent retracement, analysts remain bullish on CRO in the long-term, citing its breakout from a four-month range and ongoing development of the Cronos ecosystem. The anticipated dip may serve as a buying opportunity for investors, with support levels identified and bullish targets in sight.

Related News