Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com financial services company. Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.”

Let us look at the technical analysis of CRO.
<h2><b>Past Performance</b></h2>
The most striking feature of the CRO token is the stability in the value of the coin. Hence, the coin remained attractive to the investors. Even though there were changes that took place in the technology of blockchain, the coin’s value did not deteriorate.

On November 8, 2021, CRO opened at $0.3547. On November 14, 2021, the closing trade took place at $0.4385. This was a <a href="https://www.cryptoknowmics.com/news/cro-technical-analysis-price-taking-a-support-at-0-3454-uptrend-has-come-to-a-halt/">weekly change</a> of 23.62%. The current 24-hour low is $0.3985, while the 24-hour high is $0.4815.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/n/NJKRYZSq.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/NJKRYZSq/">https://www.tradingview.com/x/NJKRYZSq/</a>
<h2><b>CRO Technical Analysis</b></h2>
The current momentum of the price chart is in favor of bulls. The price has successfully crossed the previous resistance at $0.398. The uptrend is expected to continue in the days as the price is showing a strong bullishness today. The current trading price of CRO is $0.4736, which is 8.2% higher than yesterday’s close.

The <strong>On-Balance-Volume</strong> indicator is showing a high-incline trend line. This means that the bulls are in control of the market and the price will go up, signaling traders to take a long position to book profits.

The <strong>RSI</strong>, on the other hand, has just entered the overbought region, which can be a signal for the traders to be alert as a trend reversal can be seen. However, it is also possible for the RSI to remain there for some time.

The <strong>MACD line and the Signal line</strong> both are positive. There is no divergence of the MACD graph from the price chart. This is again a signal for the traders to take a long position.

VeChain Foundation has announced the VIP214 Hardfork, which will introduce various new features and security upgrades. The VeChain mainnet will be upgraded at block height 10653500 at around 8:00 UTC on 16 November 2021.

It has also said, “to ensure the safety of users’ funds during and after the upgrade, we will temporarily suspend VET and VTHO deposits/withdrawals in both the Crypto.com App and Crypto.com Exchange starting from 16 November 2021, 8:00 UTC”.
<h2><b>Day-Ahead and Tomorrow</b></h2>
Crypto.com has recently acquired an Australian financial services license. It has also launched $200 million funds for Crypto startups as an aggressive gesture. The Crypto.com exchange has also launched an NFT platform. All these factors are predicting a very bright future for Crypto.com.

Thus, the indicators are strong bullish signals. The CRO traders may take a long position here while keeping their targets at $0.55. To address the possibility of a trend reversal, they can keep a stop-loss at $0.4.

Fib numbers are showing that the ongoing uptrend has made the price cross all the current Fibonacci levels.

CRO Technical Analysis: Price Has Successfully Crossed the Previous Resistance at $0.398, Expect Uptrend to Continue

CRO indicators are strong bullish signals. The traders may take a long position here while keeping their targets at $0.55. To address the possibility of a trend reversal, they can keep a stoploss at $0.4. Fib numbers are showing that the ongoing uptrend has made the price cross all the current Fibonacci levels.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

CRO Technical Analysis: Price Has Successfully Crossed the Previous Resistance at $0.398, Expect Uptrend to Continue

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