Usman Salis
After taking a beating for five straight sessions, Cronos (CRO) is finally catching a breath. The token jumped 2.69% in the last 24 hours, printing its first green candle after a rough week of red. More importantly, the chart's showing something traders love to see: a bullish divergence on the RSI. This could mean the worst is over, at least for now.
Technical Setup
Trader Nikolaos points out that CRO's bounce might not be happening in isolation—other cryptos are starting to show similar signs of life, which could signal a broader market shift.
Here's what's interesting on the daily chart: while CRO's price kept dropping to around $0.145–$0.146, the RSI was actually making higher lows. That's textbook bullish divergence, and it usually means sellers are running out of steam while buyers quietly step in.
The token's also testing a descending trendline right now. If it breaks above that resistance, especially with the RSI turning up, we could see a relief rally toward $0.18 or even $0.20. The 9- and 21-period moving averages are starting to squeeze together too, which often happens right before momentum shifts.
Key levels: support sits at $0.14, resistance zones are $0.18 and $0.20, and if the RSI pushes above 45–50, that'd confirm the reversal. Medium-term bulls are eyeing $0.25 if sentiment keeps improving.
Market Context and Outlook
CRO's turnaround comes as the broader crypto market looks like it might be stabilizing. Bitcoin's holding above key support, and altcoins like Solana, Polygon, and Avalanche are bouncing back from earlier losses this week.
As the native token of the Crypto.com ecosystem, CRO tends to move with overall market mood. If liquidity keeps flowing back into risk assets and layer-1 projects get more attention, that could push CRO higher. For now, traders will be watching whether it can close above that trendline—that'd be the real confirmation that something's changing.
Usman Salis
