CRYPTO.COM CHAIN Price Prediction Today: Daily (CRO) Value Forecast – July 2
- CRO/BTC market has been rising and falling around range trading zones found at B0.000006 and B0.000005 price levels.
- The crypto-market may soon experience a chain of choppy price movements around B0.0000054 mark.
CRO/BTC Medium-term Trend: Ranging
- Supply levels: B0.0000065, B0.00007, B0.000075
- Demand levels: B0.0000045, B0.000004, B0.0000035
Over a couple of days, there have been notable ups and downs in the market movements of CRO/BTC. Neither the base nor the counter has been able to take the market line out of range trading zones now found around B0.000006 and B0.000005 price levels.
The last June 4-hour candlestick emerged bullish touching the upper range point from below. On succeeding day, July 1, the pair started to decline in the range spots to eventually touch the B0.000005 lower point. Both the Bollinger Middle Band and the 50-day SMA are located a bit above B0.0000055 mark. The Stochastic Oscillators have now closed their hairs at range 40.
As the CRO/BTC has had a test of a low market point at B0.000005, the pair is now expected to witness a rebound in valuation in near time. Also, that price may be considered as the baseline of seeing the market’s upswings.
CRO/USD Short-term Trend: Bearish
Bitcoin has now put CRO under relative depreciation in valuation today in the short-term run of the trade operations. Yesterday, the trend was largely visible as being bearish.
As at now, the market has been trading below the Bollinger Middle Band as the 50-day SMA is located over it. The Stochastic Oscillators now slightly cross below range 60 to point to the south.
There are probably factors arising from the current formation of candlesticks closely below the Bollinger Middle Band trend-line that the crypto-market will experience a chain of choppy price movements around B0.0000054 mark for a while.
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