Cronos (CRO) Price Prediction – Will CRO Price Hit $0.5 Soon?

This Cronos (CRO) Price prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our CRO price analysis and prediction.

The year 2021 was good for cryptocurrencies. While the rest of the world’s economy dipped, most cryptocurrencies’ prices increased or maintained their prices within the range. However, 2022 seems quite promising to the crypto world.

Meanwhile, there is also some crypto that didn’t escape the volatility of the crypto market. As a result, some crypto traders are confused about whether it is time to sell or hold out for a good price. For CRO, this may not be the case as it continues to maintain its uptrend position in the past one week.

Cronos (CRO) launched its Mainnet on March 25, 2021. CRO made the largest token burn in history, wherein 70 billion CRO was removed from the total supply. Moreover, 59.6 billion CRO was already burned on February 22, 2021. In fact, CRO price reached an all-time high price of $0.9698 on November 24th, 2021.

Nevertheless, the crypto market is moving sideways lately, and most cryptos are losing their previous gains. Is the scenario the same as the CRO price since it gave a return on investment of over 500% in 2021? We’ll find out shortly in this CRO price analysis 2022 article. But first, let’s have a look at what CRO is.

Nevertheless, the crypto market is moving sideways lately, and most cryptos are losing their previous gains. Is the scenario the same as the CRO price? We’ll find out shortly in this CRO price analysis 2022 article. But first, let’s have a look at what CRO is.

What Is Cronos (CRO)?

Cronos (CRO) is the native digital currency token of Cronos Chain. Moreover, Cronos Chain is an open-source blockchain developed by the Crypto.com trading, payment, and financial services firm. It also enables users to buy cryptocurrencies credit card.

Cronos Chain is one of the products in Cronos lineup of solutions developed to accelerate the global adoption of cryptocurrencies. Moreso, the CRO blockchain serves primarily as a vehicle that provides the Cronos Pay mobile payments app.

In the future, Cronos plans to grow the reach of the CRO platform to power its other products as it recently hired Lebron James to position itself for blockchain education.

Do you think this market performance of CRO could make it a 2022? Are you curious to find out? In this case, let’s head to the charts and find out in this CoinQuora CRO price prediction 2022 article.

Cronos (CRO) Current Market Status

As of the time of writing this Cronos (CRO) price analysis, CRO trades at $0.19 with a 24-hour trading volume of $37,894,832.17. The price of CRO has increased by 4.31% in the last 24 hours.

Furthermore, CRO has a current circulating supply of 25.26 billion CRO. Currently, the top cryptocurrency exchanges for CRO are OKEx, CoinTiger, Huobi Global, FTX, and Upbit. Now, let’s proceed to the next part of this CRO price prediction for 2022.

Cronos (CRO) Price Analysis 2022

Currently, CRO holds 20th place on CoinMarketCap. But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this CRO price prediction article.

CRO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) which measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Cronos (CRO) 1day chart of CRO/USDT is at 67.31.  This shows that CRO is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase.

CRO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for CRO, it could be seen that the present uptrend could continue for a while since the last candlestick is not close to the bottom curve in the Keltner Channel chart above. This shows that the present increase in the price of Cronos (CRO) in the past 7 days is not coming to an end soon though there could be a consolidation and a continuation of the bullish run.

Cronos (CRO) Price Prediction 2022

The chart below shows that Cronos is on an uptrend in the past few days. If this trend continues, CRO might run along with the bulls, thereby hitting the $0.202 resistance1 level, and move higher to $0.396 resistance6 level, the 2022 bullish signal.

CRO/USDT 1Day Chart Showing the Key levels (Source: Tradingview)

Conversely, if investors move against the crypto, the price of Cronos (CRO) might decrease to $0.163 at support level, though the price could plummet further.

Meanwhile, our long-term CRO price prediction for 2022 is bullish. It has a low possibility of trading around its present all-time of $0.9698 this year. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, Cronos might reach 40.396 by the end of 2022. Moreover, the first half of 2022 is going to show moderate growth, up to $0.241 at resistance2. Then, CRO will rise, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Cronos (CRO) Price Prediction 2023

If CRO has a relative strength index (RSI) that is above 60 in 2022, which means that a strong uptrend since more buyers are entering the market, is about to be formed, then the possibility of it reaching $1.3 by the end of 2023 has been narrowed.

Cronos (CRO) Price Prediction 2024

As per the latest upgrades, developments, CRO price prediction, and new project forecasts of the platform, CRO investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of CRO in the crypto market, and it will be in the list of the best investment as the price can spike and reach around $3.

Cronos (CRO) Price Prediction 2025

In the next four years, CRO’s price could race up to $8. However, reaching this level could not be so difficult for CRO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CRO has a high possibility of reaching new ATH soon in the next four years as per the prediction.

Cronos (CRO) Price Prediction 2026

By 2026, the price of CRO would reach $15 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Cronos (CRO) Price Prediction 2027

In the next six years, CRO’s price could race up to $25. However, reaching this level could not be so difficult for CRO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CRO has a high possibility of reaching new ATH soon in the next six years as per the prediction.

Cronos (CRO) Price Prediction 2028

In the seven four years, CRO’s price could race up to $50. However, reaching this level could not be so difficult for CRO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CRO has a high possibility of reaching new ATH soon in the next seven years as per the prediction.

Cronos (CRO) Price Prediction 2029

In the next eight years, CRO’s price could race up to $80. However, reaching this level could not be so difficult for CRO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CRO has a high possibility of reaching new ATH soon in the next eight years as per the prediction.

Cronos (CRO) Price Prediction 2030

As per the latest upgrades, developments, Cronos (CRO) price prediction, and new project forecasts of the platform. Moreover, this might boost the price of CRO in the crypto market, and it will be the best investment as the price can spike and reach around $100.

Conclusion

CRO has a bright future ahead of it from 2022 to 2030. With ongoing developments happening within the CRO ecosystem, as well as in the overall crypto market, we may see CRO reach new heights.

Meanwhile, our long-term CRO price prediction for 2022 is bullish. In addition, it has a high possibility of surpassing over $0.202 and may reach above $0.396 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, CRO may even reach $0.5 if investors have decided that CRO is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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