After weeks in decline, CRO has broken above a falling wedge.
Indicators like the MFI and AO suggest rising capital inflows.
If CRO’s price holds above $0.18 and breaks $0.21 resistance.
After spending nearly all of September in a downtrend, Cronos (CRO) finally shows signs of life. At press time, it trades at $0.19, representing a 17.21% decline over the past seven days.
But as it stands, the cryptocurrency might no longer print double-digit gains. Here is how the next few months could play out for the Cronos price.
Cronos Bulls Fight Back
Previously, Cronos price traded inside a descending channel, eventually narrowing into a falling wedge.
At press time, the 4-hour chart shows CRO has broken above the wedge’s upper trendline, confirming buyers are regaining control.
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Adding weight to this breakout, the Money Flow Index (MFI) has snapped its downtrend and bounced out of the oversold region. This shift suggests that capital inflows are returning after heavy selling, a key sign that momentum may be tilting in favor of bulls.
If this recovery sustains, CRO’s price could build enough strength to retest higher resistance zones, validating the wedge breakout and setting the stage for further upside.
Beyond the MFI bounce, the Awesome Oscillator (AO) remains in negative territory, confirming that bearish momentum hasn’t entirely disappeared.
However, the AO has begun flashing green histogram bars, a subtle but significant shift. This indicates that while sellers are still present, their strength is weakening.
If this trend continues, it could provide the extra push CRO’s price needs to sustain its breakout and challenge higher resistance levels. A close look shows that the CRO could be hitting $0.25 as long as the $0.18 support holds.
CRO Price Prediction: Rally Ahead
Like the 4-hour setup, the daily CRO/USD chart paints a similar picture. Recently, the Relative Strength Index (RSI) briefly dipped into the oversold region, reflecting intense selling pressure.
However, the RSI has recovered to 34.50, signaling that bearish momentum is starting to ease.
While CRO is not yet out of danger, this rebound suggests buyers are slowly regaining confidence and could begin laying the groundwork for a broader recovery.
If buying pressure builds from here, Cronos’ price could break through the $0.21 resistance. A successful move above this level would likely open the path to $0.28 at the 0.618 golden pocket ratio.
This represents a potential 50% upside from the current price. In an even more bullish market environment, CRO might extend gains further, with a rally toward $0.33 on the table.
However, the bullish case depends heavily on CRO clearing its immediate resistance. This outlook could be invalidated if the coin fails to break above $0.21.
In that scenario, Cronos may fall back toward $0.14, exposing the market to deeper losses.
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.
