CRO holds below key moving averages as Ichimoku Kijun reinforces resistance: weekly report
Cronos (CRO) is currently trading at $0.0698, having declined $0.0015 (2.03%) over the past week. The asset remains below its key weekly moving averages (MA-20 at $0.07662, MA-50 at $0.11631, MA-200 at $0.09894), highlighting sustained selling pressure and a bearish setup on the weekly timeframe.
0.06053
0.06284
Highlights
- CRO remains under sustained selling pressure, trading below all major moving averages, reflecting bearish short- and long-term momentum.
- Technical indicators confirm weak momentum and trend, as MACD and oscillators align with ongoing weakness and absence of clear recovery signals.
- CRO is expected to trade sideways between $0.0662 and $0.0734 over the next week, with downside more probable than a sustained rally.
Technical oscillators confirm bearish momentum as resistance holds this week
On the weekly chart, CRO is firmly beneath its MA-20, MA-50, and MA-200, with the Ichimoku Kijun ($0.09055) reinforcing resistance above the current range. The closest technical resistance is the MA-20 at $0.07662, while support is seen near the recent lows. Weekly RSI stands at 38.30, indicating bearish momentum, and other indicators such as MACD (strong sell), ADX (neutral), and CCI (–85.22) confirm a lack of strong upside momentum. Most oscillators align with the prevailing bearish tone, further strengthened by a sell signal from Bull/Bear Power.
Sideways or lower outlook as upside capped by weekly resistance
Over the next 7 days, CRO is expected to trade between $0.0662 and $0.0734, with a reduced probability of meaningful upward movement due to the bearish structure on the weekly indicators. A sideways or slightly lower scenario is most likely as long as CRO remains below the MA-20 and other key resistance levels. Should the price break above $0.0734, a short-term upside recovery could develop, while continued negative momentum may push CRO to retest or break below $0.0662.
Earlier, analysts noted that Cronos was exhibiting persistent bearish momentum with limited short-term upside prospects. The latest analysis reinforces this outlook, suggesting that traders should monitor for a potential breakdown below recent support as continued weakness could trigger further downside pressure.
Latest Cronos News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
