CRO Crypto Gains 16% After CEO Meets Donald Trump – What’s Next
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- Crypto.com discontinued its lawsuit against the SEC on the same day its CEO met with the newly elected president.
- The recent lack of spot demand may indicate potential losses ahead.
Cronos [CRO], the native token of the Cronos chain and one of Crypto.com’s offerings, has been hovering below the $0.2 threshold for over a month now.
Before November, CRO was experiencing a prolonged downtrend and had dipped below the $0.083 support level.
The exchange’s CEO, Kris Marszalek, visited Florida on December 17 to meet Trump, which resulted in a significant 16% gain for CRO within just hours.
On that same day, Crypto.com also voluntarily dropped its lawsuit against the SEC to collaborate with the new administration on regulatory measures for the sector.
Should you invest in or liquidate CRO crypto?
Source: CRO/USDT TradingView
A mere week after announcing US presidential election results, CRO skyrocketed by 210%, reaching $0.2. Since then, it has fluctuated between $0.17 and $0.2.
The trading volume surged during this rally but has since slowed down amid consolidation efforts.
This scenario isn’t out of the ordinary; it’s likely that some time is needed before further upward movement occurs. Technical indicators are still positioned favorably with CMF at +0.23 signifying robust capital inflow into crypto markets.
The RSI remains above neutral at 50 without showing any divergence indications as yet. p >A dip back into The$0 .16-$ .17 range would offer an excellent buying chance . Investors may be eager to see a breakout past The$0 .20 mark , but traders might test this resistance level as well to secure profits .
p > Short-term prospects can vary.
h2 > AskFX pointed out certain trading sessions last week exhibited heightened open interest levels. p > This spike was noted alongside elevated trading volume days observed notably on The12thand17thofDecember.Create an understanding overview ofCronos[CRO]PricePrediction2024-25.html
This information center could reflect market volatility based metrics which influenced nuanced shifts across user engagements resulting quarterly adjustment assessments reflecting accurate snapshot condition reports though OI trends fade suggesting short-lived speculation relied upon rapid engagements thus emphasizing defect investors tries securing gains.
CVD serving distinct signal operations fell indicating pronounced selling pressure witnessed initially previous months surging retaken order commitments finalized surrounding various retraced downturns affirming update confidence statistics ;
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i ] Caution – Data presented is neither financial nor investment guidance rather conveyed interpretations exposé perceptions commissioned by respective authors helping acquire direct insights outside regulated advisories.Respectfully managing factual disclosures revolving transactional authenticity nurtured platforms designed quelled inquiries surrounded transparent engagement bases provided stakeholders.rs accessible ↳
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