Amid the recent sell-off in the crypto market, the Crypto.com token price plunged back to long-tested support of $0.55. Furthermore, the lower price rejection candles reverting from this support indicates the buyers continue to defend this horizontal level. Though a potential reversal from this support could raise the CRO price significantly, this coin will remain under bearish threat until the overhead trendline is intact.
Key Points:
The CRO price bullish reversal signs at the $0.55 mark
The downsloping EMAs(20, 50, and 100) could assist sellers in maintaining the ongoing downtrend.
The 24-hour trading volume in the Crypto.com token is $272 Million, indicating a 66% gain.
Source-Tradingview
Over the past five months, the crypto.com native token Cronos formed a descending triangle pattern. In theory, this bearish pattern intensifies the selling momentum upon the breakdown of its neckline support.
Thus, on November 9th, the CRO price gave a massive breakdown from the neckline support
We współpracy z: https://coingape.com/markets/will-crypto-comcro-token-price-revisit-the-0-1-mark/
