Crypto.com Chain Price Prediction Today: Daily (CRO) Value Forecast – July 31

  • The crypto's price is below the EMAs indicating that the downward fall is continuing.
  • The coin had a bullish break that led the price to reach the high of Ƀ0.00000750.

CRO/BTC Medium-term Trend: Ranging

  • Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
  • Support Levels: Ƀ0.00000600, Ƀ0.00000500, Ƀ0.00000400

On  July 23, the CRO/BTC pair was in a bullish trend as it reached a high of the Ƀ0.00000800 price level.  On July 24, the bulls retested the Ƀ0.00000800 price level after the initial resistance.  After the second resistance, the market fell and was on a downward correction.

The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto's price is below the EMAs indicating that the downward fall is continuing. On July 30, the downward trend was corrected at the Ƀ0.00000566 price level. The coin had a bullish break that led the price to reach the high of Ƀ0.00000750.

However, the bears have pulled back price into the bearish trend zone. Meanwhile, the crypto’s price has reached the oversold region of the daily stochastic but below the 20 % range. This indicates that price is in a bearish momentum and a sell signal.

CRO/BTC Short-term Trend: Bearish

On the 1-hour chart, the CRO price is in a bearish trend. The 12-day EMA and 26-day EMA are trending southward indicating that price is falling The crypto’s price are above the 12-day EMA and the 26-day EMA. Nevertheless, the daily stochastic is in the oversold region but below the 20% range. This indicated that price is in a bearish momentum and a sell signal.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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