Here's Why the CRO Price is Going Up | Credit: Hameem Sarwar
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Key Takeaways
Cronos (CRO) bounced at the $0.20 horizontal support area.
The CRO price is creating a bullish engulfing weekly candlestick.
Is the CRO correction over, and can the price reach a new cycle high?
Cronos (CRO) shows signs of strength after holding the crucial $0.20 support level.
The price action suggests a potential shift in momentum, with a bullish engulfing candlestick forming on the weekly chart.
If the breakout and retest hold, CRO could set a new cycle high in October.
CRO Price Analysis
The weekly time frame analysis shows that CRO has traded below the $0.200 horizontal resistance area since the beginning of 2022.
After trading below it for over three years, CRO finally broke out in August 2025, surging by more than 100% to a high of $0.387.
Four successive bearish candlesticks followed the CRO surge, leading to a retest of the breakout level at $0.200.
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Today, the CRO price attempts to put the finishing touches on a bullish engulfing weekly candlestick, confirming the breakout and retest of the $0.200 area.
If the retest is successful, it will likely mark the beginning of an upward movement toward the 0.382 Fibonacci retracement resistance level at $0.394, and possibly hit the 0.618 Fibonacci resistance at $0.608.
On the contrary, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are still above their bullish thresholds at 50 and 0, respectively.
So, the long-term CRO prediction is bullish, suggesting an upward movement toward at least $0.394 is likely in October.
Why is CRO Going Up?
The wave count confirms the bullish CRO prediction for October, suggesting that new highs are still likely.
The wave count identifies the price structure since September 2023.
During this time, CRO completed a five-wave increase (green), an A-B-C correction (red), and has started another five-wave increase.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
