Cronos (CRO) Breaks $0.0975, Eyes $0.12 Target
Key Takeaways
Cronos (CRO) has broken through the resistance level of $0.0975 and is attempting to establish itself above $0.10. The market structure shows a bullish tendency, but short-term pullbacks are possible. If demand remains stable, an increase to $0.118–$0.12 could follow.
Market Structure and Price Development
Cronos has seen a 27.7% increase in the last 36 hours. Despite this positive development, a liquidation analysis suggests a potential correction of about 5%. If the price holds above $0.10, the uptrend could continue. Otherwise, a drop below $0.0975 could indicate a false breakout.
Technical Indicators
The technical analysis shows several bullish signals:
– The Relative Strength Index (RSI) is above 50, indicating strong upward momentum.
– The On-Balance Volume (OBV) has increased, suggesting growing buying interest.
– The liquidation heatmap highlights two key zones at $0.098 and $0.118, which could be crucial for future price movements.
The Impact of the Derivatives Market
The funding rate is strongly negative at -0.3%, indicating that many traders are betting on falling prices. A similar situation occurred on March 6, when the price reached a local high at $0.093. If this pattern repeats, the current increase could also mark a local high.
Trading Strategy for Traders
Swing traders might consider a buying opportunity on a pullback to $0.098. A potential price target lies in the $0.118–$0.12 range, where a significant liquidity zone exists.
Our Assessment
Cronos shows a bullish market structure, but short-term pullbacks cannot be ruled out. Price development heavily depends on demand and the reaction to the resistance level at $0.10. Traders should monitor the funding rate and liquidation zones to make informed decisions.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Retro Slots – The Best Slot Games With Retro Look at a Glance
Reading time: ~ 2 minutes
-
Gold Slots – Best Slot Machines With a Gold Theme
Reading time: ~ 2 minutes
-
Versus Odds B.V. Casinos
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency