Cronos Price Prediction: 2024, 2025, 2030

CRO price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, the lowest support level was recorded at $0.050.
• Consecutively, the highest probable resistance can be anticipated at around $0.204.

2. Market sentiment

• The overall market sentiment is seen to be slightly bullish in April 2024.

3. Predictive forecasts

• Our AI/ML predictive models forecast an average price of $1.93 for CRO in the year 2027 and $122.03 in 2033.

Given below is a comprehensive weekly technical analysis of CRO, 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: Trend reversal after a pullback?

The Cronos price prediction for 2024 is carried out based on the token's historical performance over the past year. This serves as a critical indicator of its future trajectory in the cryptocurrency market.

At the beginning of the analysis period in April 2023, CRO was trading just above the $0.060 mark. However, a bearish trend emerged, driving the price down to a low support level of $0.050 by June. Although the bulls attempted to initiate a recovery, it was short-lived. By August, CRO found itself revisiting the $0.050 level, which remained steady through the end of September.

As October rolled in, a significant reversal in trend occurred. The revitalized bulls pushed the price upwards, culminating in a peak at $0.118 by November. A minor correction followed, causing CRO to adjust to the $0.092 level. This is where CRO’s value stabilized and hovered through the end of December.

The new year brought with it a slight bearish dip below the $0.092 threshold in January. Nevertheless, the bullish forces quickly regathered strength and overcame significant market resistance. This propelled the token to an impressive high of $0.154 by the end of February. Throughout March, CRO consistently tested this high resistance level.

However, as April began, the market faced a setback, and CRO experienced a price rejection, descending to the $0.118 mark. Despite this decline, a minor rebound was noted. CRO was trading at $0.119 at press time, showing a modest recovery from the recent drop.
 

Although the current market conditions showcase some descent, CRO’s future trajectory seems to be promising. The token underwent almost 70% appreciation in value over the past year, according to CoinMarketCap. Moreover, CRO’s trading volume spiked by 22% within the past 24 hours.

Keeping these metrics in sight, if a bullish breakout occurs, CRO may be able to reclaim the $0.154 level within the next few weeks. A sustained bull rally may propel the value even higher to touch $0.204, a significant level that has not been touched since 2022 in the upcoming months.

However, if the bears hold a grasp over the market, CRO’s value may plummet. It may touch the $0.092 level in the upcoming weeks. A sustained bearish decline may lead to CRO dipping further until it falls to the $0.060 mark.

Forecasts from analytical models are positive for the altcoin. They point towards a potential rise in the average trading price to $1.93 by the year 2027. Further developmental changes may attract a new pool of investors to the token. Looking ahead to 2033, expectations are for the price to climb, with CRO trading at $122.03 in the market.

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

• The trading volume experienced a significant decline after the price dropped from its support at $0.06 in May, indicating a period of reduced trading activity.
• A revival began in October. Yet, as the price faced rejection, the volume dropped only to recover back in February. It indicated a potential renewal of trader interest. The volume slightly waned at the time of writing, but it didn’t stoop to its previous lows.
• Until October, the Awesome Oscillator (AO) value remained below the neutral line. As November approached, the AO value showcased a major recovery, surpassing the neutral line.
• The positive value of AO began spiking significantly from mid-February. Moreover, the AO stood at 0.04737 during press time. This was indicative of a bullish presence in the market.
• The On-Balance Volume (OBV) value remained positive throughout the chart. At the offset of the analysis, the OBV was spiking. However, it experienced a sharp drop during May that continued until September. 
• In October, the OBV surged again. However, even this ascent was followed by a decline that continued until February 2024. In March, another steep hike in OBV was observed. At the time of writing, the OBV value stood at 12.8 billion, indicating a slight dip from its recent high. This OBV value hinted towards the existence of strong buying pressure.