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CRO Price May Continue Bullish Movement, Tamadoge Scheduled to Be Listed on OKX

CRO Price May Continue Bullish Movement, Tamadoge Scheduled to Be Listed on OKX

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The price action formed a double bottom in the CRO market

CRO/USD Price Analysis for September 27th

A breakdown of the $0.130 resistance level may push the CRO to penetrate $0.141 and the price will target the $0.157 resistance levels. Failure to break the resistance at the $0.130 level could push the price down towards the support levels at $0.110, $0.100 and $0.091.

CRO/USD market:

Key levels:

Resistance area: $0.130, $0.141, $0.157

Support area: $0.110, $0.100, $0.091

CRO/USD Price Long-term trend: Up

Cronos is bullish on the long-term outlook. A bullish chart pattern formed on a daily time frame is called a double bottom chart pattern. The $0.100 support level has been tested twice; the first contact was on June 18 and the second contact was on September 21. A rising candle formed at the mentioned level has initiated an upward movement. The price is rising towards the $0.130 resistance level.

The daily bullish candles currently formed above the $0.110 level are a sign that the uptrend may continue. The coin has broken the 21-day EMA and the 9-day EMA to the upside. A breakdown of the $0.130 resistance level can push the price to $0.141 and the price will target the $0.157 resistance level. Failure to break the resistance at the $0.130 level could push the price down towards the support levels at $0.110, $0.100 and $0.091. Meanwhile, RSI period 14 is rising above the 50 level, indicating a buy signal.

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CRO/USD Medium-term trend: Bullish, Tamadoge set to list on OKX

CRO is bullish in the medium-term trend. Bears were unable to push the coin lower as the CRO price dropped to the $0.100 support zone in the last two weeks due to low momentum and strong support.

The price reverses as the bulls interrupted the downtrend. The $0.110 resistance level was penetrated to the upside. The price is above the 21-day EMA and the 9-day EMA at a distance of two EMAs from each other. Relative strength index period 14 is at 54 level with the signal line up to indicate a rise in CRO price.

Stay tuned to the crypto news feed here on InsideBitcoins for more updates on Tamadog’s initial public offering as the September 27th IPO date approaches. The OKX website has announced that the TAMA withdrawal will open at 13:00 UTC on the listing day.

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  • Advance sales raised $19 million in less than two months
  • Upcoming ICO on OKX Exchange

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