Cronos Coin News: CRO Breaks Out of Bullish Pattern
- Trader Nikxlaos recently pointed out that Cronos (CRO) has broken above a bullish falling wedge—a classic reversal pattern traders watch closely. After weeks of sideways movement, this breakout signals a possible shift in momentum, though a quick dip back to $0.145 might happen before the real rally kicks in.
- Right now, CRO is hovering around $0.149, just above the wedge’s upper line. The pattern shows lower highs squeezing into a tighter range—typically a setup that ends with a sharp move up once resistance breaks. If price pulls back to $0.145, it would confirm that old resistance is now acting as support, which is a good sign.
- That said, it’s still early. If CRO can’t hold above $0.145, the breakout could fail and push prices back toward $0.13. But if support holds, the chart shows potential targets at $0.169, $0.227, $0.277, and even $0.352—gains ranging from 58% to 147% if momentum continues.
- Beyond technicals, Cronos is seeing growth in DeFi and gaming projects, with on-chain activity picking up. Combined with this chart setup, CRO could be gearing up for its strongest run in months.
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