Crypto.com offers a wide range of
cryptocurrency services, including buying, selling, and storage, with notable expansions like acquiring a Virtual Asset Service Provider license in Dubai. Cronos blockchain, powering Crypto.com, focuses on enhancing DeFi, NFTs, and gaming. Cronos (CRO) token, integral to Crypto.com, facilitates transactions and ecosystem utility. Founded in 2016, Crypto.com rebranded in 2018. The Cronos crypto has a total value locked of $478.48M, and the stablecoins market cap is worth $5.9K, followed by a market cap of $3.877B. Also, the bridged TVL for the crypto is $1.258B, and Cronos crypto is the 33rd largest crypto in the global cryptocurrency market. The spot trading volume of the crypto has declined by 27.7% in the last 24 hours, resulting in a traded value of $24.581M. Following that, the derivatives trading volume of the crypto has also declined by 33%. The volume/market cap ratio of the crypto is 0.64%, and the market cap dominance of the crypto is 0.15%. The crypto’s volatility is 7.04%, which is considered high, and its sentiment is bullish, as per CoinCodex. The long liquidation recorded for the Cronos is worth $25.46K, while the short liquidation for the crypto is nil. This further results in a long/short ratio of 1.0627. The open interest for this crypto has been flat over the last 24 hours, and a mild advance of 0.94% has been witnessed. Cronos crypto has 87% of its maximum supply in circulation, resulting in a circulating supply of 26.571B CRO. Also, the total supply of the crypto is 30.0B CRO, and the maximum supply is 30.263B CRO. The Onchain market cap of the crypto is $1.598B, and the circulating supply market cap of the crypto is $808.436M. Also, there are 55.1K holders of the token, as per Etherscan.io. The social volume of the Cronos token has consistently declined over the last few days. Despite this, the number of crypto holders is consistently increasing. The social volume and dominance of the CRO are declining parallelly, indicating a lack of social activity in the crypto community.
BREAKING out the crucial swing highs and forming a higher high swing on the weekly chart, the CRO token price is following a solid uptrend. The price is currently taking a pause and has also advanced by 130% from its most recent swing low. The Cronos crypto price needs to break above the swing high of $0.1865 for a further surge. The following breakout will lead to a bullish engulfing pattern, which might lead the price to higher levels. The price of the CRO crypto has retraced to the 50-day EMA and is further advancing to higher levels on the daily chart. The 50-day and the 200-day EMAs are further following a golden cross. The crypto’s price trades above EMAs, indicating a solid uptrend. The MACD indicator further indicates a retracement phase in the overall crypto trend as the MACD and the signal are trading in a bearish cross. Despite this, both the metrics are trading above the zero level. The RSI is taking support at the 50-level and has declined below the 14-day SMA. Also, the RSI is following a bullish cycle, which indicates an overall uptrend in the price. Despite recent declines in social volume, the Cronos (CRO) token’s technical analysis suggests a bullish trend. With a strong uptrend and potential for further surge, breaking crucial swing highs could lead to higher levels. Trading above key EMAs and a bullish RSI cycle support an overall uptrend, encouraging bullish sentiment among traders. This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.