The price of Cronos (CRO) has increased by 7% and is currently trading around $0.086. Cronos has invited its community to vote on a proposal to establish Cronos ETF and Cronos Strategic Reserve. Whales have been accumulating CRO tokens during a recent price dip. The proposal includes a plan to establish a Strategic Reserve by reversing a token burn from February 2021. If CRO continues its upward momentum, it could rally by 27% to retest its weekly resistance at $0.108. The RSI and MACD indicators suggest mild bullish momentum. Whale wallets holding CRO tokens between 100,000 to 1 million and 10 million to 100 million have increased, while those holding 1 million to 10 million have decreased. If CRO closes below its weekly support at $0.085, it could decline further to retest its next support level at $0.067.
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