CRO Price Breaks 90-Day Resistance After Cronos Strategic Reserve Proposal

Key Takeaways

• Cronos (CRO) broke out from a 90-day resistance trend line.
• The CRO price created a long-term double bottom pattern.
• How long will the CRO price increase continue?
• Interested in buying or selling CRONOS CRO coin? Read our review of the best exchanges to buy and sell CRONOS CRO.

The Cronos price has fallen by more than 60% since its cycle high in November 2024.  The decline worsened in 2025, taking CRO to a long-term support area existing since the bullish trend started.

Recently, CRO showed resilience by preventing a breakdown and moving above a long-term descending resistance trend line. The key question now is if the Cronos price can sustain its breakout and regain some of its losses.

Cronos Strategic Reserve

Cronos made the news this week after a proposal to reverse the burn of 70 billion tokens. The proposal aims to create a Cronos strategic reserve, bringing the total supply back to 100 billion.

The proposal also aim s to connect institutional liquidity pools through the Cronos Exchange-Traded Fund (ETF). If approved, this will be done with a 5-year lockup followed by a linear monthly release in the next five years.

While the Cronos price jumped after the news, it fell afterward following U.S. tariffs on Mexico and Canada.

The project was met with negative reaction from the community, mostly because a reverse burn goes against the principles of decentralized finance and will reduce the trust in any future burn mechanisms.

While there are 9 more days left to vote, it is expected that the proposal will be rejected because the turnout of 23.27% is lower than the quorum of 33.40%.As of the time of writing, the voting is 51.47% yes, 48.22% no and 0.31% veto.

Some positive Cronos news is that crypto.com CEO Kris Marszalek will attend the White House Crypto summit on March 7.

CRO Bounces at Support

The weekly time frame CRO chart shows that the price has traded above the $0.078 horizontal support area since November 2023. The CRO price has bounced at this support area several times, creating higher highs.

More recently, it reached the current cycle high of $0.235 in November but has fallen since, returning to the support area this week.

Relative to the price in November 2024, CRO has created a long-term double bottom pattern (green icons). The double bottom is a bullish pattern that often leads to trend reversals.

However, technical indicators are bearish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are falling below their bullish thresholds at 50 and 0, respectively.

If a breakdown happens, the next long-term support area will be at $0.050.

CRO Price Breakout

While the weekly chart is bearish, the daily one offers hope for a bounce, since the CRO price broke out from a 90-day descending resistance trend line.

Furthermore, the wave count shows a completed five-wave downward movement (red) since the high, meaning an upward movement is likely.

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Finally, the daily RSI and MACD have generated bullish divergences (orange), often preceding bullish trend reversals.

So, the most likely future outlook is the continuation of the upward movement toward the 0.382-0.5 Fibonacci retracement resistance area at $0.133 – $0.152.

Since the breakout follows a five-wave decline, the proposed upward movement will likely be a relief rally.

Alternatively, closing below the $0.078 support area will invalidate this bullish outlook. If that happens, the CRO price could fall to the next support at $0.050.

Relief Rally Incoming

Despite pushback against the Cronos Strategic Reserve proposal, it has reignited interest in CRO. This could intensify with the White House Crypto Summit on March 7.

The CRO price has broken out from a descending resistance trend line and could begin a relief rally toward $0.132 and $0.152.