CRO Price Prediction 2024: Will CRO Reach $0.25 This Year?

CRO price is expected to rise by 26.76% in the next 5 days according to our Cronos price prediction is trading at $ 0.190436

The price of Cronos (CRO) is showing a 10.90% increase over the last 24 hours and is currently trading at $0.190436. The cryptocurrency has outperformed the total crypto market, which saw an 8.16% increase in the same time period.

When comparing CRO to the world's largest cryptocurrency, BTC, we can see a 7.99% increase in the price of CRO over the last 24 hours.

According to our Cronos price prediction, CRO is displaying a strong bullish outlook and is expected to reach a price of $0.242974 by Dec 17, 2024. This would represent a 26.76% price increase for CRO in the next 5 days.

Cronos has been displaying a negative trend recently, as the coin lost -3.78% in the last 30-days. However, the medium-term trend for Cronos has been bullish, with CRO increasing by 134.19% in the last 3 months. The long-term picture for Cronos has been positive, as CRO is currently displaying a 92.90% 1-year price change. On this day last year, CRO was trading at $0.098720.

Cronos reached its all-time high price on Nov 24, 2021, when the price of CRO peaked at $0.959822. The current CRO cycle high is at $0.231141, while the cycle low is at $0.048820. Cronos has been displaying low volatility recently — the 1-month volatility of the coin is at 7.61. Cronos recorded 15 green days in the last 30 days.

The sentiment in the Cronos markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $0.172092, $0.159437 and $0.152994, while $0.191189, $0.197633 and $0.210287 are the key resistance levels.

24 indicators are currently signaling a bullish prediction for Cronos, while 6 indicators are showing a bearish forecast. With 80% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Cronos.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 83 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Cronos moving averages & oscillators

Let's take a look at what some of the most important technical indicators are signaling. We'll be going through key moving averages and oscillators that will allow us to get a better idea of how Cronos is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Cronos is at 55.77, suggesting that CRO is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Cronos over the last 50 days. Currently, Cronos is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that's calculated by taking an average of the CRO closing price for the last 200 days. CRO is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Cronos prediction

After considering the above factors, we can conclude that the current forecast for Cronos price prediction is Bullish. CRO would have to increase by 26.76% to hit our $0.242974 target within the next five days.

Moving forward, it will be important to monitor the CRO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Cronos price predictions click here