CRYPTO.COM CHAIN Price Prediction: Long-term (CRO) Value Forecast – June 16
- Currently, CRO/USD market appears falling in a range to the south underneath the trend-line of the 14-day SMA indicator.
- If the market's line is strongly held in its range falling mote, the bears may, in the long run, push the market further downwards to revisit its past previous low point at B0.000004.
CRO/BTCLong-term Trend – Ranging
- Distribution territories: B.000012, B0.000014, BO.000016
- Accumulation territories: B0.000006, B0.000004, B0.000002
Between June 9 and 13, the CRO/USD market’s trading sessions saw an intense range price motion along with the 14-day SMA’s trend-line. On June 14, the market slightly fell further in a range to the south below the SMA indicator.
The 50-day SMA indicator is located over that of the 14-day SMA’s. Currently, the market has been hovering underneath the 14-day SMA, and it is below B0.000008horizontal price mark of the trade. The Stochastic Oscillators have dipped into the oversold zone, And, they still briefly point to the south within it. That depicts a signal that the slow motion of the market to the south is still out playing in the market.
This pair now appears exposed to slight bears’ pressures against the bulls’ long expectation in the market to push the price line upwards. The bears’ force in the market hasn’t been on an intense note. But, a breakdown of the immediate territory at B0.000006 mark could eventually cause the trade to revisit its past starting low point at around B0.000004.
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