Crypto.com Chain Price Prediction Today: Daily (CRO) Value Forecast – June 5
- On June 3, the coin traded and reached the Ƀ0.00000950 overhead resistance level.
- The bears had earlier broken the 0.236 and 0.382 Fib. retracement levels in the continuation zone.
CRO/BTC Medium-term Trend: Bearish
- Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
- Support Levels: Ƀ0.00000800, Ƀ0.00000750, Ƀ0.00000700
Yesterday, June 4, the price of CRO was in a bearish trend. The CRO market was in a bullish trend in the first week of June. The crypto’s price was making a series of higher highs and higher lows. On June 3, the coin traded and reached the Ƀ0.00000950 overhead resistance level. However, the bulls were resisted as they could not break the overhead resistance level. The price fell and had a downward correction to the support level of Ƀ0.00000800.
The bears have erased the bullish gains by more than 50% in the last bullish trend. From the Fibonacci retracement level, the CRO price is in the downtrend zone. The bears had earlier broken the 0.236 and 0.382 Fib. retracement levels in the continuation zone. The crypto’s price also fell into the 0.50 and 0.786 Fib. retracement levels.
The CRO bullish trend has been terminated. The coin is now in a sideways trend. On the downside, if the bearish pressure continues to fall, the coin will depreciate to a low at Ƀ0.00000700. 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: Ranging
On the 1-hour chart, the CRO price was in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is a sideways trend. Yesterday, the bears broke the EMAs and price fell to a low at Ƀ0.00000835.
The crypto’s price is ranging below EMAs and at the price of Ƀ0.00000835. Nevertheless, the daily stochastic is in the oversold region but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.
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