Crypto.com Price Prediction: CRO at a Crossroads

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Crypto.com price has been trading in a 10% range for almost two weeks. The technical aspects of the CRO are showing mixed signals, but one volatile move will resolve the confusion. Bullish and bearish predictions can be extracted using the key levels mentioned below.

The Crypto.com price shows a dual scenario. Key levels have been defined to assess bullish and bearish scenarios.

Crypto.com price is close to a move

Crypto.com price has been trading in a 10% range for almost two weeks. The $0.08 barrier has always acted as resistance and the mid $0.07 has acted as support. The reel range has not yet made a decision on how it will resolve.

The Crypto.com price is currently selling at auction at $0.081. The Relative Strength Index (RSI), an indicator used to gauge market potential by evaluating past rallies, is showing mixed signals. For example, several bearish divergences have occurred near the $0.08 middle area over the past ten days. However, there is also a bullish divergence between the recent low at $0.075 and the January 5th low at $0.070. The market will eventually provide a solution to the questionable price action in either direction. The move will likely result in a volatile move, but early entry is not advised.

A break above the $0.08 resistance zone should be enough to promote a 10% rally towards the $0.09 price level. On the contrary, a break of the recent swing low at $0.76 set on Feb. 1 could induce a 10% swing down, targeting the $0.07 liquidity level.

CRO/USDT 1-day chart

Automatic entries can be placed at both pivot points with an invalidation point on the opposite side of the range. This will be the surest way to ensure that traders seize the profitable opportunity without taking unnecessary risks.

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