Should You Sell Cronos (CRO) Sunday?

Sunday, January 29, 2023 11:16 AM | InvestorsObserver Analysts

Cronos receives a strong long-term technical score of 78 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. CRO currently holds a superior long-term technical analysis score than 78% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Cronos a 78 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cronos!

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Trading Analysis

Cronos's price is $0.0100000 (9.20%) above its 100-day moving average price of $0.080000000 as its price at the moment sits at $0.080000000. Additionally, CRO is $0.0300000 (-19800.62%) higher than its 52-week low price of $0.060000000 while -$0.46000000 (-1832.56%) under its 52-week high of $0.540000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives CRO a strong long-term technical score of 78. Long-term trading movement of Cronos suggest that investors are neutral on the token at the moment. Cronos currently has a total market cap of $2,073,991,110.41 to go along with its average daily volume of $163,426,794.11 worth of the currency over the past seven days. CRO's volume is below its seven day average as of the past 24 hours, with 15,272,561.06 exchanged in that period. This token's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

CRO's historical trading over the past year gives it a a strong long-term technical score of 78 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Cronos (CRO).