Crypto.com Coin (CRO) had been one of the few cryptocurrencies to show bullish momentum despite the bearish outlook for the cryptocurrency market. CRO coin had been moving upwards since the end of June and where cryptocurrency succumbed to the market’s bearish pressures, CRO continued its upward trajectory. At the time of writing, Crypto.com Coin stands at a price level of $0.122. In the daily timeframe, the price has declined slightly while the trading volume has shot up by 130%.
Crypto.com Coin technical analysis
In the four-hour timeframe, CRO coin has been moving upwards with minor downside movements. Given the strong bullish momentum in the market, the cryptocurrency can be expected to uphold the support level at the lower boundary of the channel formation. If the support level is established then the uptrend can be resumed as a pullback from the lower boundary will result in CRO coin going upwards. Although, in the daily timeframe CRO coin has been becoming increasingly bearish so a break out to the downside from the channel is not unlikely.
The future price projections for the cryptocurrency are bullish. According to the estimates of Wallet Investor, CRO coin is expected to be operating at a price level of $0.20 in a year’s time while the five-year projection shows a price of $0.48 – an increase of 300%. The projections of Digital Coin Price are also hopeful for the cryptocurrency – albeit not as bullish. Per their estimates, Crypto.com Coin will reach towards $0.37 by 2028.
What is Crypto.com Coin?
CRO coin is the native token of the Crypto.com Chain. The blockchain is an open-source and public blockchain. It regards itself as the next generation blockchain. Crypto.com Chain is curated to be a public good in order to help boost the adoption of the blockchain technology. The decentralized platform is marked by low gas fees and lightning-fast speed. Crypto.com Chain is also one of the few blockchains that have taken the initiative towards sustainability. The blockchain has vowed to become carbon negative by the year 2023.
