Following the SEC investigation resolution, Crypto.com and its token Cronos ($CRO) are back in the spotlight. This article explores the latest news and analyzes short-term price forecasts for Cronos.
Crypto.com's Key Partnership
President Donald Trump's company, Trump Media & Technology Group, has announced a partnership with Crypto.com. The organization signed a non-binding agreement to launch exchange-traded funds. This resulted in a significant increase in CRO's value, though marketers caution about potential risks to Web3 and blockchain values. Investigator 'ZachXBT' accuses Crypto.com of potential token manipulation, mentioning plans to reintroduce 70 billion 'CRO' tokens.
Cronos ($CRO) Price Surge
After a brief stall, the CRO cryptocurrency price surged over 36% in the past 72 hours, breaking through multiple resistance levels. The market cap reached $2.76 billion with a market dominance of 0.1029%. The price chart shows that the Simple Moving Average (SMA) supports the rising prices in the 4H time frame, while the MACD indicates increased uncertainty.
CRO Price Prospects
If the bullish sentiment continues, the Cronos price could reach $0.11525. With increased bullish momentum, the value could approach $0.13425. However, in case of a trend reversal, the price might fall to the support level of $0.10 or even down to $0.085.
Cronos ($CRO) is experiencing significant changes following partnerships and SEC clearance. While the duration of the bullish trend and its market impact remain unclear, market participants are closely monitoring developments.
