CRO Price Prediction: Long-term (CRO) Value Forecast – June 29
- CRO/USD market is now in a range since June 23 after a relatively bearish trending outlook.
- The market territories between B0.000006 and B0.000004 lines are expected to be the springing zones for the bulls.
CRO/BTC Long-term Trend – Ranging
- Distribution territories: B.000010, B0.000012, BO.000014
- Accumulation territories: B0.000004, B0.000003, B0.000002
After a slow-moving bearish trend of the CRO/BTC market, the pair has been trading in a range around B0.000006 price territory since June 23 until now. On June 25, the crypto’s price notably sprang upwards to briefly break past B0.000008 point and the 50-day SMA indicator.
The market has been pulled back downwards to continue to trade around the B0.000006 range spot. The 14-day SMA is a bit located above the range price line but, underneath the bigger SMA indicator trend-line. The Stochastic Oscillators are consolidating around range 20 and the oversold zone to simply signify an on-going ranging trend of the crypto-market.
The CRO/BTC bears have put the crypto-trade under falling pressures, and there is the possibility that the market may eventually move in a range to a low value at B0.000004. The market territories between B0.000006 and B0.000004 lines are expected to be the springing zones for the bulls.
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