The Cronos (CRO) token demonstrates notable growth in recent days, linked to new interest from traders and institutional investors amid fresh news.
CRO Holds Above Key Breakout Level
At press time, CRO, the native token of Crypto.com, traded at $0.12, up 10% over the past 24 hours and 23% in the last week. The price moved above the $0.0986 level, which had held as resistance for several months. CRO now trades within a rising channel, with the next key resistance near $0.18. Interestingly, the token reached a recent high of $0.133 before easing slightly. A pullback to the $0.0986–$0.1060 zone may follow.
Indicators Suggest Trend May Continue
The MACD shows a crossover, with the main line above the signal line and a positive histogram, indicating momentum remains with buyers. The RSI stands at 81, above the typical overbought level, suggesting that a short pause or minor drop may occur. Additionally, the Supertrend indicator turned green, which aligns with the breakout.
CRO Gains Attention on ETF News
CRO rose nearly 18% after news broke that it could be included in a new ETF. The proposed ETF, backed by Trump Media & Technology Group, would track five assets: Bitcoin, Ethereum, Solana, XRP, and Cronos. If approved, CRO would hold a 5% share. The SEC also closed its review of Crypto.com earlier this year without action, which may have supported investor confidence.
The current rise of the CRO token is linked to new market opportunities, and it remains to be seen whether it can sustain positive trends and break key resistance levels.
