Peter Smith
Cronos (CRO) finds itself at a critical juncture as the token trades near $0.2705 following a steep 17% daily decline. The cryptocurrency is now testing a vital support zone between $0.172–$0.267, where market participants will likely determine the next directional move. This price action comes at a time when technical analysts are closely watching whether CRO can maintain its bullish structure or face further downside pressure.
CRO Price Battles Key Levels at $0.244 and $0.312
Recent technical analysis from trader @Morecryptoonl suggests CRO may still have potential for another upward move in Elliott Wave iii, but only if the current support zone holds firm. The analysis points to several critical price levels that traders should monitor closely.
A break below $0.244 would significantly weaken the bullish case and could trigger additional selling pressure. Meanwhile, Fibonacci retracement levels show important resistance at $0.3126 (23.6%), $0.2728 (38.2%), and $0.2447 (50%).
Should buyers successfully defend the $0.267 level, CRO could target higher resistance zones around $0.3999 (138% Fib) and $0.5425 (161.8% Fib). These levels represent the primary upside objectives if momentum shifts back in favor of the bulls.
What's Next for CRO Price?
The current market structure indicates Cronos still has room for growth if the $0.172–$0.267 support range remains intact. However, traders need to stay alert - a decisive break below $0.244 could open the path for further declines, potentially pushing CRO toward the $0.1723 support line.
Conversely, maintaining levels above this support zone could spark another rally phase, keeping the broader bullish outlook alive. For long-term holders, this period might present an opportunity to monitor potential accumulation areas before any recovery materializes.
Peter Smith
