CRO price rallies on Trump Media deal | Credit: Hameem Sarwar
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Key Takeaways
CRO surged 42% in 24 hours after Crypto.com struck a multi-billion-dollar deal with Trump Media.
CRO broke out with a bullish crossover, rising active addresses, and nearly $1 billion in trading volume.
If demand holds, CRO could target $0.33 next; however, a drop in participation could send the token back.
CRO, the native coin of the Cronos chain, has burst back into the spotlight.
In the last 24 hours, CRO staged an eye-popping 42% rally after Crypto.com announced a multi-billion-dollar deal with Trump Media.
The agreement marks one of the most extensive tie-ups between a crypto exchange and a big media entity. But what exactly are the details?
In this analysis, CCN evaluates what the deal could mean for CRO’s price in the long run.
Cronos Upside Path Opens
In a recent report, CCN disclosed how the deal with Trump Media could drive more CRO adoption. Following this development, the CRO coin price jumped by 42% in the last 24 hours.
On Tuesday, shortly after the announcement went public, the cryptocurrency printed a bullish engulfing candle on the daily chart. The next day, it accelerated further, climbing from $0.16 to $0.22.
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A closer look at the chart reveals that the Moving Average Convergence Divergence (MACD) has formed a bullish crossover — its first since July 1.
This signal suggests that momentum is shifting back in favor of the bulls, potentially laying the groundwork for continued upside.
With the current setup, CRO has broken above the $0.18 resistance. As long as support at $0.12 remains intact, the cryptocurrency’s market value could keep climbing.
This bullish move also appears to be driving stronger network activity. Glassnode data shows that the number of active addresses on the Cronos network jumped to 3,100 yesterday — its highest level since Dec. 17, 2024.
CRO Number of Active Addresses | Credit: Glassnode
In addition, on-chain data reveals that CRO’s recent surge has pushed its market price above the realized price.
This shift is seen as a bullish signal, as it suggests the average holder is now in profit, reducing selling pressure and boosting confidence in the asset’s short-term outlook.
Besides that, the trading volume around CRO has surged to nearly $1 billion, showing heightened market participation.
Rising volume typically confirms price trends, indicating conviction behind the move rather than a weak, short-lived rally.
At the same time, social dominance has spiked to 2.40%, indicating that CRO is gaining broader attention across the crypto community.
Higher visibility mostly translates to increased retail interest, which can amplify momentum and attract new inflows.
CRO Social Dominance and Trading Volume | Credit: Santiment
If both metrics remain elevated, they could reinforce CRO’s bullish setup, driving further upside. However, sharp spikes in social activity can also precede periods of volatility, as hype-driven traders may enter and exit positions quickly.
CRO Price Prediction: Accumulation Underway
Looking at the technical perspective again, the 4-hour chart shows CRO’s price breaking out of a symmetrical triangle.
Adding to the bullish setup, the Chaikin Money Flow (CMF) has climbed to 0.32, signaling rising capital inflows into the asset.
Notably, the green CMF line sits below the price, reinforcing that accumulation is underway and buyers are exerting greater control.
If this momentum continues, the CRO coin price could build on its breakout and push toward higher resistance levels in the short term.
If validated, the next target for the cryptocurrency could be a rise to $0.33. On the contrary, if demand for the coin drops, this prediction might not happen.
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.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
