Cronos Price Prediction: 2024, 2025, 2030

CRO price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, $0.05 was established as the lowest support.
• Meanwhile, $0.19 might be a significant barrier to upward momentum.

2. Market sentiment

• In July 2024, the market sentiment surrounding CRO is bearish.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast an average price of $1 for CRO in 2028 and $150 in 2033.

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: Bulls struggle amid repeated bearish attacks

After enduring a prolonged bear market, the cryptocurrency sector welcomed a surge of optimism this year. This shift 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. Early recovery efforts were negated as increased selling pressure drove prices down to the yearly low of $0.05 in mid-August.

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 $0.12 level, solidifying support at $0.08.

However, simultaneous tests of $0.10 triggered liquidations as investors took profits following the market’s overvaluation. With the onset of 2024, the price retreated to $0.08. 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 $0.15 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.

The sellers aggressively targeted the $0.12 mark from early April to late May. Consequently, this level was flipped bearishly, reversing the market’s trend. The bloodshed continued throughout June, returning the asset to $0.08 by July.

At press time, CRO was trading at $0.09. A dip below the current support can likely increase the likelihood of further declines, potentially driving the price down to $0.06. A fall to the lowest floor would compromise a year’s gains, marking a substantial loss.

For a bullish turnaround, it would be crucial to reestablish $0.12 as a firm support level. If bulls can maintain control, the price could ascend to $0.20, although $0.19 might present significant resistance, potentially limiting further increases.

Analytical model forecasts point towards a potential rise in the average trading price to $1 by 2028. Looking ahead to 2033, expectations are for the price to climb, with CRO trading at $150.

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, this high was fleeting. 
• Thus, the indicator 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 43.87 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, suggesting a strengthening downtrend.