Cronos (CRO) Price Surges 15% Preparing To Break December 2024 High

• CRO recovered from $0.07 March lows after a 68% decline, establishing a strong support base for potential trend reversal
• Cronos technical indicators are turning bullish with RSI at 53.05, positive MACD momentum, and improving social sentiment at 0.2104

Cronos has recovered well after falling sharply from its December 2024 peak. CRO reached a high of $0.23 in late November and then corrected for a long period, touching a bottom of $0.07 in early March 2025. The strong base formed from this 68% decline has supported the current rise in the market.

During February and March, the price trend shows a typical accumulation phase with the price moving sideways near the $0.07-$0.08 support area

This phase of building a base occurred when markets were oversold, which made it a good time for institutions to buy. In mid-April, CRO’s rise above $0.095 started the current phase of recovery.

According to CMC data, currently CRO price is trading at the price of $0.1058 with an intraday gain of 15%. Moreover, this bullish trend is also supported by high trading volume. In the last 24 hours, the daily trading volume has increased by almost 300%, suggesting bullishness.

What’s Next for Cronos Price?

Source: TradingviewTechnical indicators are giving mixed results, but they are gradually getting better. RSI is now at 53.05, which suggests it is neutral and could rise further

The Social Sentiment indicator reads 0.2104, which suggests there is moderately positive sentiment in the market that could help prices rise further. Recently, sentiment readings have moved higher, suggesting that more people in the market are feeling optimistic.

The MACD study points to good momentum for the crypto. The histogram is now above zero, and the MACD line is moving closer to the signal line, which could mean a bullish crossover is about to happen. When this shift happens and the price structure is positive, it usually points to a long price rally.

The 200-period exponential moving average is currently at $0.1027, and CRO is testing the resistance level nearby. If the price breaks the $0.1238 level, it could encourage more buying and aim at the $0.1322-$0.1400 resistance area. The 200-period moving average is still a dynamic resistance, and it is currently close to the high end of the price range.

Cronos’ present price movement indicates that CRO could be starting to turn around. The main support is at $0.0950, and the first resistance is at $0.1055. A move above $0.1100 might push the recovery toward $0.1400, which would offer a 35% upside from where it is now.

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