Cronos Price Prediction: 2024, 2025, 2030

CRO price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly time frame, $0.050 was established as the lowest support.
• Meanwhile, $0.154 remained as the highest yearly resistance.

2. Market sentiment

• As of September 2024, the market sentiment surrounding CRO is bearish.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast an average price of $0.300 for CRO in 2032 and $0.450 in 2035.

Uncover CRO’s future trajectory via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

CRO technical analysis: Future appears grim for bulls

After enduring a prolonged bear market, the cryptocurrency sector welcomed a surge of optimism. However, the recent downturn underscores the importance of a detailed 2024 price prediction for Cronos as investors seek to understand potential fluctuations.

An examination of the weekly chart showed that a strong bearish trend characterized the initial period. The price stagnated at the yearly low of $0.050. This support held off further declines for nearly two months. 

Like many altcoins, CRO rallied in October. A notable pump in November pushed the price to challenge the $0.121 level. However, simultaneous tests of $0.109 triggered liquidations as investors took profits following the market’s overvaluation. 

This caused the price to dip below $0.095 frequently. With the onset of 2024, the price retreated to $0.077. A brief stabilization period preceded a broader bull run in February that painted the market green. Consecutive bullish candles elevated to a yearly peak of $0.154 by month’s end.

The buyers briefly pushed the price past this level in March. Furthermore, the announcement of Cronos Titan Upgrade contributed to this uptick. The token’s overbought state resulted in another correction mid-month.

Following the upgrade's launch in late March, the asset's price surged, challenging the highest resistance again. Nonetheless, this hype could not save CRO from the sector-wide Q2 2024 downturn. 

From early April to late May, the sellers aggressively targeted the $0.121 mark. Consequently, this level was flipped bearishly, reversing the market’s trend. The bloodshed continued throughout June, returning the asset to $0.077 by July.

A mid-month price rise allowed the asset to test $0.095. Nonetheless, it returned to the latter support. In early August, the price surged once more and even touched the $0.109 mark but could decisively break out of the immediate resistance. 

Repeating past patterns, the token retracted to the previous support by the end of the month. At press time, CRO was trading at $0.078.

How high/low can CRO go in 2024?

A dip below the current support can likely increase the likelihood of further declines, potentially driving the price down to $0.060. A fall to the lowest floor would negate the previous gains, marking a substantial loss.

For a bullish turnaround, it would be crucial to re-establish $0.109 as a firm support level. Keeping the price stable at this level could allow the crypto asset to challenge its highest resistance.

Analytical model forecasts point towards a potential rise in the average trading price to $0.300 by 2032. Looking ahead to 2035, expectations are for the price to climb slightly, with CRO trading at $0.450.

CRO's 2024 roadmap: Key indicators to watch and trade

• CRO’s trading volume picked up as prices rallied. Although investor retreat followed initial rejections, the February surge drew them back, causing a spike in volume. A cautious stance became apparent from April, as volume declined alongside falling prices.
• The Relative Strength Index (RSI) climbed above the 50 line in late October and entered overbought territory by early November. However, it fell below 70 by mid-December, only to rebound above this threshold in late February. 
• April saw a significant decline, with the RSI plummeting below 50 the following month. The press time value of 39.10 signaled bearish conditions.
• The 20 and 50-week Exponential Moving Averages (EMA) were flipped to support levels by late October and November, respectively. Despite a dip below these averages in January, the February rally reignited bullish momentum, culminating in a golden cross. 
• The Q2 2024 downturn reinstated the 20 EMA as resistance by late May and the 50 EMA by mid-June. Subsequently, a death cross formed in August, suggesting a prolonged downtrend.