cryptocurrency

Cronos (CRO) Price Prediction 2022 – Will CRO Hit $1 Soon?

  • The bullish Kronos price forecast is $0.1595 to $0.4970.
  • Cronos (CRO) The price may also reach $1 soon.
  • Chronos bearish price prediction for 2022 is $0.0617.

In the Cronos Price Prediction (CRO) 2022, we use statistics, price patterns, RSI, RVOL and other information about the CRO to analyze the future movement of the cryptocurrency.

Current Market Status for Cronos (CRO)

according to Queen GekkoCronos (CRO) price is $0.131388 with a 24-hour trading volume of $16,358,057 at the time of writing. However, the Chronos rate has increased by approximately 3.4% in the past 24 hours.

Furthermore, Kronos (CRO) has a circulating supply of 25,263,013,692 Kronos. Currently, Cronos (CRO) is traded on cryptocurrency exchanges such as OKX, Coinbase Exchange, Upbit, KuCoin, LBank and DigiFinex

What is Cronos (CRO)?

Cronos (CRO) is the original cryptocurrency of Cronos, the original blockchain of the Crypto.com exchange. Cronos is an open source EVM-compliant blockchain built on the Cosmos SDK. It uses Proof of Stake (PoS) consensus.

The Cronos blockchain supports connecting dApps, smart contracts from Ethereum and other blockchains to the Cosmos ecosystem via inter-blockchain communication protocols (IBC).

Crypto.org, formerly known as the Monaco Tech Company, has published the Monaco Currency (MCO) as a utility token. In 2018, the network launched Cronos (CRO). CRO is mainly used as a utility token in Crypto.com exchange. Users use these tokens for staking, governance, and exchange services. Cronos (CRO) previously existed as Crypto.com Coin (CRO). Later in February 2021, the token was renamed Kronos (CRO).

Cronos (CRO) Price Forecast 2022

Cronos (CRO) is at number 27 on CoinGecko at the moment. The CRO price forecast for 2022 is explained below with a daily time frame.

CRO/USDT Bullish Channel Pattern (Source: TradingView)

The Cronos (CRO) chart above draws an ascending channel. A bullish channel pattern, also known as a bullish channel. It appears that the upper and lower trendlines connecting higher tops and higher troughs respectively are moving within an upward slope. This pattern is generally characteristic of an uptrend.

Currently, Cronos (CRO) is in the $0.1295 range if the trend continues, Cronos price could reach the $0.1512 and $0.1995 resistance levels. If the trend reverses, Cronos could drop to $0.1207, $0.1068 and 0.0981.

Cronos support and resistance levels (CRO)

The chart below shows the support and resistance levels for Cronos (CRO).

CROUSDT Support and Resistance Level (Source: TradingView )

From the above daily time frame, we can interpret the following as the resistance and support levels for Cronos (CRO).

resistance level 1 $0.1595
resistance level 2 USD 0.2619
resistance level 3 US$0.3735
resistance level 4 0.4970 USD
Support level 1 $0.1005
Support level 2 0.0617 dollars
CROUSDT support and resistance level

The charts show that Kronos (CRO) has conducted an upward trend over the past month. If this trend continues, Cronos may work in tandem with the bulls taking out the resistance at $0.4970

Accordingly, if investors turn against the cryptocurrency, the price of Cronos (CRO) could drop to close to $0.0617, which is a bearish sign.

Cronos Rates (CRO) Prediction for 2022 – RVOL, MA and RSI

The relative size (RVOL) of Cronos (CRO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of Cronos is below the cutoff line, which indicates the weakness of participants in the current trend.

Also, Cronos Moving Average (MA) (CRO) is shown in the above chart. Notably, Cronos (CRO) price is below 50 MA (short term), so it is in a downtrend. Currently, Cronos is in relegation. Therefore, there is a possibility of a reversal of the direction of Kronos at any time.

Meanwhile, the Relative Strength Index (RSI) for Kronos is 40.63. This means that Cronos (CRO) is in an oversold state. However, this means that a major reversal in Cronos price may occur in the coming days. Therefore, traders need to trade carefully.

Cronos (CRO) Price Forecast 2022 – ADX, RVI

Let’s now take a look at the Cronos Average Directional Index (ADX) (CRO). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The chart above represents the ADX indicator for Kronos (CRO). Currently, the ADX Indicator for Cronos is in the range of 27.4023 and therefore it is indicating a strong trend.

The chart above also represents the Cronos Relative Volatility Index (RVI) (CRO). RVI measures the continuous deviation of price changes over a period of time. Cronos’ RVI is above 50, which indicates high volatility. In fact, the Cronos Relative Strength Index (CRO) is at 40.63 confirming a possible buy signal.

CRO comparison with BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Cronos (CRO).

BTC Price Comparison vs ETH Vs CRO (Source: TradingView )

From the above chart, it can be explained that ETH, BTC, and CRO are moving in a similar direction. This indicates that when the price of BTC and ETH rises or falls, the price of CRO also increases or decreases, respectively.

Cronos (CRO) Price Forecast 2023

If the price action’s decline completely slows in momentum and the trend reverses, Cronos (CRO) Likely to make $3 by 2023.

Cronos (CRO) Price Forecast 2024

With several network upgrades, Cronos (CRO) may enter an upward trajectory. If the coin grabs the attention of major investors, the CRO could rise to $5 by 2024.

Cronos (CRO) Price Forecast 2025

If Cronos (CRO) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, CRO will rise to $7.

Cronos Price Prediction (CRO) 2026

If Cronos (CRO) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, CRO will rise to $9.

Cronos (CRO) Price Forecast 2027

If Cronos (CRO) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, CRO will rise to $11.

Cronos (CRO) Price Forecast 2028

If Cronos (CRO) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the price of the CRO will reach $13.

Cronos Price Prediction (CRO) 2029

If investors flock and continue to place their bets on Cronos (CRO), this will see huge spikes. CRO could reach $15 by 2029.

Cronos (CRO) Price Forecast 2030

With greater developments in the Cronos ecosystem, the crypto community may continue to invest in Cronos (CRO) over the next eight years, driving up cryptocurrency prices exponentially. Thus, Cronos (CRO) could reach $17 by 2030.

conclusion

With the continuous improvements in the Cronos network, we can say that 2022 is a good year for Cronos. Because of this, the forecast for the bullish price of Cronos (CRO) in 2022 is $0.4970, on the other hand, the forecast for the bearish price of Cronos (CRO) for 2022 is $0.0617.

Moreover, with developments and upgrades in the Cronos ecosystem, it will help Cronos’ performance to reach an all-time high (ATH) of $0.965407 very soon. But, it could also be as low as $1 if investors think Cronos is a good investment in 2022.

Instructions

1. What is Cronos (CRO)?

Cronos (CRO) is the utility token of Cronos, the original blockchain for cryptocurrency exchange, Crypto.com. CRO was initially launched as an ERC-20 token and later migrated to Cronos in November 2021.

2. Where can you buy Cronos (CRO)?

Cronos (CRO) is listed on several cryptocurrency exchanges including Crypto.com, OKX, Coinbase Exchange, Upbit, KuCoin, LBank and DigiFinex

3. Will Cronos (CRO) arrive in a new ATH soon?

With the constant developments and updates within the Cronos platform, Cronos (CRO) has a great potential to reach ATH soon.

4. What is the current highest level (ATH) for Cronos (CRO)?

On November 24, 2021, Cronos (CRO) reached a new all-time high (ATH) at $0.965407.

5. Is Cronos (CRO) a Good Investment in 2022?

Cronos (CRO) appears to be one of the most profitable cryptocurrencies this year. According to Cronos’ recorded achievements in the past few months, CRO is a good investment in 2022.

6. Can Cronos (CRO) reach $1?

Cronos (CRO) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this uptrend continues, the price of Kronos (CRO) will reach $1 soon.

7. What will be the Kronos Price (CRO) by 2023?

The Cronos price (CRO) is expected to reach $3 by 2023.

8. What will be the price of Cronos (CRO) by 2024?

The Cronos price (CRO) is expected to reach $5 by 2024.

9. What will be the price of Cronos (CRO) by 2025?

The Cronos price (CRO) is expected to reach $7 by 2025.

10. What will be the Cronos price (CRO) by 2026?

The Cronos price (CRO) is expected to reach $9 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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