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 CRO) Price May Reduce to $0.10 Support Level, 10000X Returns Coming on TAMA

 CRO) Price May Reduce to $0.10 Support Level, 10000X Returns Coming on TAMA

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CRO/USD Price Analysis for September 3rd

A breakdown of the support level at $0.11 can lower the price to $0.10 and $0.09. Failure to break the $0.11 support level could push CRO towards resistance levels at $0.12, $0.13 and $0.14.

CRO/USD market:

Key levels:

Resistance area: $0.12, $0.13, $0.14

Support area: $0.11, $0.10, $0.09

CRO/USD Price Long-term trend: Up

The downtrend that started on August 15 continues on the daily time frame. The uptrend ended in the $0.14 area. The rate of increase weakened and the price stabilized for a few days. The bearish pressure has turned the previous support levels of $0.14, $0.13 and $0.12 into resistance levels. The price currently fluctuates between $0.12 and $0.11.

Currently, daily bearish candles forming below the two EMAs are a sign that the downtrend may continue. The coin is struggling to break the $0.11 support level. The 9-day EMA is below the 21-day EMA and the coin is trading below it. A break of the support level at $0.11 can lower the price to $0.10 and $0.09. Failure to break the $0.11 support level could push the price towards the $0.12, $0.13 and $0.14 resistance levels. At the same time, RSI period 14 is bending towards the 37 level, indicating a sell signal.

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CRO/USD Medium Term Trend: Bullish, 10000X return coming to TAMA

CRO is also bearish on the 4-hour chart. CRO price dropped to the $0.11 support zone last week, but the bears were unable to push the coin lower due to low momentum and a strong support zone.

The price pulled back as the bulls broke the downtrend. The $0.12 resistance level could not be penetrated upwards. The price trades around the 21-day EMA and the 50-day EMA with the two EMAs locked together. Relative strength index period 14 is at 43 level with signal line up to indicate CRO price rise.

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