The cryptocurrency market continues to demonstrate positive dynamics, reaching new records with Bitcoin and Ethereum. In addition, some altcoins are also showing significant improvements.
Bitcoin and Ethereum Set Records
Bitcoin (BTC) reached a new all-time high of $124,000, triggering a wave of optimism among investors. Ethereum (ETH) also showed significant growth, surpassing the $4,700 mark for the first time since 2021 and increasing by 28% over the past week.
Potential for Cronos (CRO) to Continue Rising
Cronos (CRO) increased by 15% over the past week, and its price chart reveals a key harmonic pattern that may signal potential further growth. On the daily chart, CRO is developing a Bearish ABCD harmonic pattern, which can often experience a strong bullish CD leg.
Outlook for CRO in the Market
If bullish momentum persists, CRO may test the $0.1919 level. However, this area is expected to act as a strong resistance zone, potentially triggering profit-taking or short-term pullbacks. Traders should also be cautious of possible retracements toward lower support levels before the target is reached.
The cryptocurrency market continues to show growth, creating optimistic sentiments among traders. However, caution is needed, and key levels of support and resistance should be monitored to minimize risks.
