1 Cronos price is currently trading at $0.0609 while observing an increase of +0.83% during the intraday session.

2 CRO price trades below 20,50,100 and 200-Day EMAs.

3 The year to date return of Cronos is 9.34% while three-month return is -22.02%.

The bullish rally for Cronos price began at the starting of 2023 as CRO price gained bullish momentum from the low of $0.0548. The rally led to formation of a high at $0.0935 level on February 21. CRO price then corrected the move and bears pushed price down to $0.062 level.

The cryptocurrency price again gained bullish momentum for retesting the annual high but the move was halted at $0.08 level. The rejection caused a melt down in the price and Price formed support at $0.0615 level.

Recently, CRO price shattered the support of $0.0615 which held it twice. The price has formed a recent support at $0.059 level after the breakout started to gain bullish momentum and retested the price zone. If bulls can push price back into previous consolidation by rising above $0.0615, there is probability for the price to head toward $0.0665.

This move can cause a rise of roughly 8% in the price. While on the other hand, if bearish momentum strikes the market, Cro price may fall to the recent support of $0.059. If the recent support gets wrecked, Cro price will head toward yearly low and lose all of its gains.

Cronos Launched Second Cohort of Accelerators Program

Cronos launched its second cohort of accelerator programs with a $100 Million investment. This cohort will majorly focus on AI and blockchain projects. The program mission is to help and support early stage crypto currency projects by offering funding opportunities and mentorship.

Cronos has handpicked projects which includes Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network, and CorgiAI. All of these projects received seed funding of $30,000 and will go for a 12-week program.

Cronos has also partnered with Amazon web services (AWS) to provide AI-related workshops and mentorship sessions to the projects participating in the second cohort.

Will CRO Price Rise Above $0.0615 level?

Chaikin money flow score is 0.03 indicating mild strength in the market. CRO price trades below 20,50,100 and 200-day EMA indicating strong bearish momentum in the price. The RSI almost reached near the 30 mark but did not dip. RSI is currently trading at 37.83 and is consolidating below the 40 mark indicating bearish sentiment still prevails in the market. The long/short ratio is 1.02 with 50.55% longs and 49.45% shorts indicating increased participation of buyers in the last 24 hours.

Conclusion

The market structure and price action is bearish as of now. Price did gain bearish momentum in the price week but it was not sustainable. The technical indicators are favouring the selling side as the previous candle closed as a strong bearish candle.

Technical levels

Major support: $0.059 and $0.055

Major resistance: $0.0665 and $0.08

#CRONOS #CRO #crypto2023 #Binance

Since the beginning of Cryptocurrencies, there has been great speculation over the volatility.

In past ten years, Ups and downs of all major crypto projects made unbelievable fortunes and made many new Millionaires as well as Billionaires.

It is not that easy though it looks too. Many people have lost their fortune to scam projects and ended up nowhere. Before investing into any project, it is important to know how safe it is and how long it can go,

In this article, i will be sharing some great projects with low market cap having potential of 1000X.

1. POLYGON (MATIC)

Polygon native token MATIC is a high end blockchain technology layer2 Ethereum Scaling Solution project.

Matic has total supply of 10Billion with current market cap of $5.9Billion.

✅ Based on developments it is easy to analyze and expect a good future in upcoming years, i am expecting to hit a whoop $8-$10+ easily. Know that these are minimum expectations. #Matic

STELLAR (XLM)

Stellar XLM is a layer-1 open-source, decentralized, peer-to-peer blockchain network that provides a framework for developers to create applications, issue assets, and connect to existing financial rails.

Stellar has total supply of 50Billion with current market cap of $2.2 Billion,

✅Current price is $0.08 , we can expect its price to reach $1.5+ by hitting next bullrun. #XLM

CRONOS (CRO)

Cronos is an Ethereum compatible Layer 1 (L1) blockchain built on Cosmos SDK and is supported by the cryptocurrency exchange company, Crypto.com

Cronos has total supply of 30billion with current market cap of $1.3Billion.

✅Current price is $0.05 with expected prices of $2+ by hitting next storm. #CRONOS

ULTRA (UOS)

Ultra is a gaming hub that enables players, developers, and brands to discover the true meaning of freedom

Total supply of UOS is around 1billion with circulating supply of 270Billion.

✅UOS is currently sitting on market cap of $44Million and price of $0.17.

With such feature and amazing background UOS can hit easily $10-$50

AAVEGOTCHI (GHST)

Aavegotchi is an NFT collectible project that has grown to incorporate elements of decentralized finance (DeFi), asset staking, land ownership and blockchain gaming. Pixelcraft Studios, a Singapore-based game development company, launched Aavegotchi in September 2020.

With total supply of GHST 52Million, currently sitting on $45Million MarketCap and price of $0.87.

Project ahd potential of Going up $8-$100

These projects are based on high end technology backed by strong fundamentals and companies which have potential to make them $Billion market in coming year.

Stay tuned for my next article which will include 10 projects with 1000X potential.

Do share with your friends and family.

Your support will boost me to write more for you.

#crypto2023 #dyor