Skip to content

Cryptocurrency Bulletin

Crypto Wallets, News, Reviews and Guides

Menu
  • Home
  • Crypto Prices
  • Analysis
  • Best Crypto Wallets
  • Crypto Market Updates
  • Interviews
  • News
  • Metaverse
  • Bitcoin
  • Predictions
  • Scams
  • Opinion
  • Videos
  • People
  • Brokers
  • Exchanges
  • Guides
  • Cryptofinance
  • Sitemap
Menu

What Next for Cronos (CRO) Price – May 18 Analysis

Posted on May 18, 2022

Crypto exchanges have witnessed lots of dramatic developments recently. That isn’t a surprise after the latest Terra disaster, which sent a shock through DEX and centralized exchanges. As a result, exchange tokens witnessed massive actions within the last two weeks.

CRO, the 8th largest crypto by market value, traded near $0.1995 at this publication. The alternative token gained 4.43% within the previous day, though 14.81% down over the past seven days. Though that remains impressive, there’s a lot behind the scene.

Impending Surges for CRO?

First and foremost, CRO has seen its velocity dramatically surging. That shows investors sending their coins to a larger-than-expected number of wallets. That meant a bullish signal for CRO if market players refrained from exiting and purchased the dip.

On that content, whale transfers worth more than $100K also surged as CRO plummeted beneath $0.25. nevertheless, whale transactions started to reduce as the alt rallied again. That shows more market players indulged in dip-buying rather than profit-booking.

Furthermore, Cronos’ active addresses rose since May’s early sessions as investors took advantage of dip-buying opportunities. Moreover, active wallets noted sharp increases even with CRO rallying again at this publication. That shows the growing adoption of the token.

What Next for CRO – Up or Down?

The dollar question remains, is CRO price ready for uptrends or downtrends? According to the RVI (Relative Volatility Index), CRO can extend its upside rally. Moreover, the indicator briefly climbed beyond 50.

Moreover, the DAA Divergence Indicator flashed green bars at this publication, revealing a bullish signal. Nevertheless, the bars shortened as CRO surged, indicating possible impending red selling signs. The altcoin might see declines before stretching upside.

Also, overall market sentiment is essential for CRO price response. For now, bears appear persistent as they erase all upside attempts by bulls. Bitcoin lost the $30,000 mark again, trading near $29,809 at this publication following a 1.78% 24hr loss.

Also, the cumulative market value of all digital assets lost 2.01% over the past 24 hours to $1.28 trillion. CRO will hardly flourish under such an atmosphere.

Cryptocurrency Bulletin is a blog dedicated to providing concise and up-to-date information on the latest developments in the world of digital currencies, blockchain technology, and decentralized finance.

Looking for something?

RSS Crypto Market Updates

  • Binance Founder Changpeng 'CZ' Zhao Stuck in U.S. Until Sentencing
  • Protocol Village: SKALE Community Approves Chain Pricing
  • Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'
  • Solana Protocol Kamino Eyes Airdrop Following Jito Token Launch
  • This $28K Pixelated Avocado Could Add to Bitcoin's Raging Censorship Debate
  • Code Is Not (Always) Law
  • Sam Altman-Backed Meanwhile Group Starts Bitcoin Private Credit Fund for Institutional Investors
  • Basel Committee Seeks to Consult on Stablecoins Risk Treatment
  • Blocknative Releases New Ethereum Mempool Explorer, to Help With MEV Protection
  • Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

Recent Posts

  • Fxonic review 2023 – Is This a Reliable Trading Brand?
  • JETbitX Review – What To Expect From This Broker?
  • UniTrust Venture – Things you need to know about this trading brand before opening an account
  • Axia – A Broker That Can Be Trusted? (Axia Review 2023)
  • Is Copy Trading Worth Your Time? Here’s What You Need To Know
  • PayPal Joins ConsensYs To Implement Metamask
  • Amber Group Acquires Sparrow Holdings To Expand To Singapore
  • Binance Stopped Withdrawals in USDC on December 11
  • Does Grayscale Have Enough Bitcoin In Its Reserves
  • Dubai Is Developing New Cryptocurrency Regulations

Categories

Archives

©2023 Cryptocurrency Bulletin | Design: Newspaperly WordPress Theme