CRO About To Break Out Of Long Term Down Trend!

CRO is currently attempting to break out of its downtrend, which was initiated in March 2024. After the token pumped to almost 20 cents, it started to reverse and has been declining ever since.

Back in June, CRO also lost the crucial support level at $0.095. In the following weeks, CRO made several attempts to reclaim that level—all unsuccessful. Moreover, during the latest sell-off, CRO dipped even lower before finding its bottom below 7 cents!

However, let's switch to the positive part. Since the token bottomed, it has shown formidable strength and recovered nicely. More importantly, CRO broke out of the long-term downtrend today! Nevertheless, it is essential to confirm this on a higher timeframe, for example, a daily close.

If CRO can also smash the resistance at $0.095, things will definitely turn bullish, and we will be ready for a long trade.

Therefore, I will be watching the token very closely and put together an update once we've reached these levels.