CRYPTO.COM CHAIN Price Prediction Today: Daily (CRO) Value Forecast – July 9
- On July 8, the crypto experienced a significant hike in value as it continues its range moves.
- A breakdown of B0.0000064 may potentially lead in witnessing a low around B0.000006 point.
CRO/BTC Medium-term Trend: Ranging
- Supply levels: B0.0000075, B0.00008, B0.000085
- Demand levels: B0.0000055, B0.000005, B0.0000045
At an earlier stage of CRO/BTC market operations featured between July 5 and 7, the trade moved in a range. On July 8, the crypto experienced a significant hike in value as it surged notably above a high mark at B0.0000075. But, shortly, the pair began to revert back to its initial line of ranging spot around B0.0000065 mark.
The Bollinger Bands and the 50-day SMA now trend towards the east direction. The Stochastic Oscillators have dipped into the oversold zone.
Price may soon get down finding a sit between the 50-day SMA and the Bollinger Lower Band possibly around B0.000006 price level. Meanwhile, the crypto has the high possibility to relax around that spot as well for a while on getting to there.
CRO/USD Short-term Trend: Ranging
There has been a series of lower lows in the range price movements of the CRO/BTC market today. The choppy price movements have been featuring around B0.0000066 and B0.0000064 points. Yesterday, the market got stumble after hitting a high strength level at B0.0000078 mark to complete the trading activities as being a bearish trend.
The indicators now are of more pointing to the east direction. Both the Bollinger Upper Band and the 50-day SMA are a bit located over the ranging market. The Stochastic Oscillators have crossed slightly to point to the south.
This market value may still drop below B0.0000068 mark while price only makes a move to test it from below. In addition, B0.0000064 point is the current baseline around which the market has been converging. And, a breakdown of the line will lead in witnessing a low around B0.000006 point.
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