Crypto.com Chain Price Prediction Today: Daily (CRO) Value Forecast – June 7

• From the Fibonacci retracement level, the CRO price has broken the entire Fib. retracement levels but found support at the 0.786 Fib. retracement levels.
• On the upside, if the support level of the Ƀ0.00000800 price level holds, the crypto’s price will rise to break the EMAs and reach the bullish trend 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 6, the price of CRO was in a sideways trend. The cryptocurrency had a bullish trend that results in the price reaching the high of Ƀ0.00000950. However, on June 4, the bulls were resisted and the coin had a downward correction to the support of the Ƀ0.00000800 price level. The CRO coin has lost more than 50% of the bullish gains through the downward correction.

From the Fibonacci retracement level, the CRO price has broken the entire Fib. retracement levels but found support at the 0.786 Fib. retracement levels. From every indication, the current trend has been terminated. The price fell in the downtrend of the Fib retracement levels. From the price action, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall.

On the upside, if the support level of the Ƀ0.00000800 price level holds, the crypto’s price will rise to break the EMAs and reach the bullish trend zone. The crypto’s price has reached the oversold region of the daily stochastic but above the 20 % range. This indicates that price is in a bullish 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 moving averages are trending horizontally indicating that price is in a sideways trend. All the downward corrections are finding support at the Ƀ0.00000800 price level.

Meanwhile, all the bullish candlesticks are being resisted at the 12-day EMA. Today, the crypto’s price is breaking above the EMAs. Nevertheless, the daily stochastic is in the overbought region but above the 80% range. This indicates that price is in a bullish momentum and a buy signal.

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